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The differences between insurance collectors and account representatives can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both an insurance collector and an account representative. Additionally, an insurance collector has an average salary of $39,463, which is higher than the $36,977 average annual salary of an account representative.
The top three skills for an insurance collector include patients, medical billing and healthcare. The most important skills for an account representative are customer service, patients, and patient accounts.
| Insurance Collector | Account Representative | |
| Yearly salary | $39,463 | $36,977 |
| Hourly rate | $18.97 | $17.78 |
| Growth rate | -8% | -8% |
| Number of jobs | 46,897 | 183,446 |
| Job satisfaction | - | - |
| Most common degree | Associate Degree, 29% | Bachelor's Degree, 52% |
| Average age | 46 | 46 |
| Years of experience | 12 | 12 |
An insurance collector is responsible for collecting and managing insurance payments. They need to generate funds through collecting bills, adhere to ethical standards, handle patients' claims, and complete other clerical work. They usually prepare and submit a member's bill for insurance so that the patient can be sure that there will be no delay in getting their claim.
Account representatives are employees who manage client accounts and act as the main contact of the clients they are handling. They maintain existing accounts by updating client details regularly. They also check up on clients to see if they are still satisfied with the products or services of the company. They also create new accounts by welcoming new clients and assisting them in their needs. Account representatives manage client inquiries and process client requests. They also address complaints and ensure that any challenges are mitigated and that clients remain with the company.
Insurance collectors and account representatives have different pay scales, as shown below.
| Insurance Collector | Account Representative | |
| Average salary | $39,463 | $36,977 |
| Salary range | Between $33,000 And $46,000 | Between $26,000 And $51,000 |
| Highest paying City | - | Los Angeles, CA |
| Highest paying state | - | California |
| Best paying company | - | New Relic |
| Best paying industry | - | Finance |
There are a few differences between an insurance collector and an account representative in terms of educational background:
| Insurance Collector | Account Representative | |
| Most common degree | Associate Degree, 29% | Bachelor's Degree, 52% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between insurance collectors' and account representatives' demographics:
| Insurance Collector | Account Representative | |
| Average age | 46 | 46 |
| Gender ratio | Male, 12.4% Female, 87.6% | Male, 33.6% Female, 66.4% |
| Race ratio | Black or African American, 13.4% Unknown, 3.9% Hispanic or Latino, 22.6% Asian, 3.3% White, 56.4% American Indian and Alaska Native, 0.5% | Black or African American, 12.5% Unknown, 4.2% Hispanic or Latino, 17.3% Asian, 3.9% White, 61.6% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |