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Insurance collector vs collections coordinator

The differences between insurance collectors and collections coordinators 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 a collections coordinator. Additionally, an insurance collector has an average salary of $39,463, which is higher than the $37,938 average annual salary of a collections coordinator.

The top three skills for an insurance collector include patients, medical billing and healthcare. The most important skills for a collections coordinator are customer service, patients, and phone calls.

Insurance collector vs collections coordinator overview

Insurance CollectorCollections Coordinator
Yearly salary$39,463$37,938
Hourly rate$18.97$18.24
Growth rate-8%-8%
Number of jobs46,89740,113
Job satisfaction--
Most common degreeAssociate Degree, 29%Bachelor's Degree, 48%
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 a collections coordinator do?

Usually working alongside a company's account receivables team, a collections coordinator is in charge of developing strategies to optimize the payment collection operations. Among their responsibilities include reaching out to clients through calls or correspondence to remind them of their payment obligations, arranging appointments, processing payments, arranging payment terms, and researching a client's communication information such as cellphone number, address, or email. Moreover, a collections coordinator must maintain an active communication line with staff while promoting and enforcing the company's policies and regulations.

Insurance collector vs collections coordinator salary

Insurance collectors and collections coordinators have different pay scales, as shown below.

Insurance CollectorCollections Coordinator
Average salary$39,463$37,938
Salary rangeBetween $33,000 And $46,000Between $30,000 And $47,000
Highest paying City-New York, NY
Highest paying state-Connecticut
Best paying company-University of California, Berkeley
Best paying industry-Professional

Differences between insurance collector and collections coordinator education

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

Insurance CollectorCollections Coordinator
Most common degreeAssociate Degree, 29%Bachelor's Degree, 48%
Most common majorBusinessBusiness
Most common college--

Insurance collector vs collections coordinator demographics

Here are the differences between insurance collectors' and collections coordinators' demographics:

Insurance CollectorCollections Coordinator
Average age4646
Gender ratioMale, 12.4% Female, 87.6%Male, 26.6% Female, 73.4%
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, 12.1% Unknown, 4.1% Hispanic or Latino, 20.8% Asian, 3.6% White, 59.0% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between insurance collector and collections coordinator 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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Collections coordinator example responsibilities.

  • Plan and conduct sensitive HUMINT collection operations with an emphasis on managing and debriefing confidential sources.
  • Manage accounts receivable/payment, insurance billing and follow-up for a solo physician clinic, and direct communication with patients regarding bills.
  • Audit outstanding accounts and resolve any balances including calling Medicare, Medicaid, government, private or commercial insurances.
  • Perform daily follow-up on Medicare, Medicaid, workers compensation and commercial insurances.
  • Hand illustrate fully render with marker and colore pencil sketches and Photoshop render drawings.
  • Submit insurance appeals and provider disputes when necessary.
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Insurance collector vs collections coordinator skills

Common insurance collector skills
  • Patients, 20%
  • Medical Billing, 8%
  • Healthcare, 7%
  • Medicaid, 5%
  • Appeals, 5%
  • Insurance Accounts, 4%
Common collections coordinator skills
  • Customer Service, 15%
  • Patients, 12%
  • Phone Calls, 6%
  • Collection Efforts, 4%
  • Delinquent Accounts, 4%
  • Appeals, 4%

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