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Insurance collector vs account representative

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 vs account representative overview

Insurance CollectorAccount Representative
Yearly salary$39,463$36,977
Hourly rate$18.97$17.78
Growth rate-8%-8%
Number of jobs46,897183,446
Job satisfaction--
Most common degreeAssociate Degree, 29%Bachelor's Degree, 52%
Average age4646
Years of experience1212

What does an insurance collector do?

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.

What does an account representative do?

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 collector vs account representative salary

Insurance collectors and account representatives have different pay scales, as shown below.

Insurance CollectorAccount Representative
Average salary$39,463$36,977
Salary rangeBetween $33,000 And $46,000Between $26,000 And $51,000
Highest paying City-Los Angeles, CA
Highest paying state-California
Best paying company-New Relic
Best paying industry-Finance

Differences between insurance collector and account representative education

There are a few differences between an insurance collector and an account representative in terms of educational background:

Insurance CollectorAccount Representative
Most common degreeAssociate Degree, 29%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common college--

Insurance collector vs account representative demographics

Here are the differences between insurance collectors' and account representatives' demographics:

Insurance CollectorAccount Representative
Average age4646
Gender ratioMale, 12.4% Female, 87.6%Male, 33.6% Female, 66.4%
Race ratioBlack 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 Percentage8%8%

Differences between insurance collector and account representative duties and responsibilities

Insurance collector example responsibilities.

  • Verify accuracy of claims, work EOB's for all insurance company types, identify and solve problems with unpaid claims.
  • Handle workers' comp., HMO, PPO correspondence.
  • Identify incorrect charges base on proper CPT coding and payment methodologies.
  • Utilize ICD9 and CPT code medical directories for billing purposes to get paid on claims.
  • Perform necessary task to have commercial and workers comp EOB's reprocess to receive the correct total reimbursement.
  • Download weekly Florida Medicaid remittance amounts and send to management.
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Account representative example responsibilities.

  • Manage all billing accounts including Medicare/Medicaid, HMO and individual accounts.
  • Manage the daily correspondence from assign practices with keeping doctor/patient confidentiality under consideration along with HIPPA regulations.
  • Manage and maintain an internal database system to generate reports and produce accurate account information for patients and insurance companies.
  • Educate physicians to use current ICD-9 diagnostic coding and preparation to begin ICD-10 coding requirements.
  • Analyze health care insurance/litigation patient account files to resolve outstanding and delinquent accounts due to the healthcare client.
  • Promote ThermoCool SmartTouch ablation catheter device to electrophysiologists.
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Insurance collector vs account representative skills

Common insurance collector skills
  • Patients, 20%
  • Medical Billing, 8%
  • Healthcare, 7%
  • Medicaid, 5%
  • Appeals, 5%
  • Insurance Accounts, 4%
Common account representative skills
  • Customer Service, 21%
  • Patients, 18%
  • Patient Accounts, 5%
  • Data Entry, 3%
  • Medicaid, 3%
  • Customer Satisfaction, 3%

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