Insurance collector vs senior collector

The differences between insurance collectors and senior collectors 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 senior collector. Additionally, a senior collector has an average salary of $85,626, which is higher than the $39,463 average annual salary of an insurance collector.

The top three skills for an insurance collector include patients, medical billing and healthcare. The most important skills for a senior collector are customer service, payment arrangements, and past due accounts.

Insurance collector vs senior collector overview

	Insurance Collector	Senior Collector
Yearly salary	$39,463	$85,626
Hourly rate	$18.97	$41.17
Growth rate	-8%	-8%
Number of jobs	46,897	5,614
Job satisfaction	-	-
Most common degree	Associate Degree, 29%	Bachelor's Degree, 41%
Average age	46	46
Years of experience	12	12

Insurance collector vs senior collector salary

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

	Insurance Collector	Senior Collector
Average salary	$39,463	$85,626
Salary range	Between $33,000 And $46,000	Between $50,000 And $145,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between insurance collector and senior collector education

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

	Insurance Collector	Senior Collector
Most common degree	Associate Degree, 29%	Bachelor's Degree, 41%
Most common major	Business	Business
Most common college	-	-

Insurance collector vs senior collector demographics

Here are the differences between insurance collectors' and senior collectors' demographics:

	Insurance Collector	Senior Collector
Average age	46	46
Gender ratio	Male, 12.4% Female, 87.6%	Male, 40.1% Female, 59.9%
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, 13.4% Unknown, 4.1% Hispanic or Latino, 20.9% Asian, 3.7% White, 57.4% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between insurance collector and senior collector 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.

Senior collector example responsibilities.

Accomplish the above in compliance with HIPAA regulations.
Manage re-billings for third party accounts including: commercial carriers, manage care, PPO, POS and HMO organizations.
Record CPT codes and ICD-9 codes on billing forms.
Develop and pursue collection strategies to reduce the DSO.
Process credit cards, purchase cards, ACH payments.
Used the Medicaid web portal to check claim status and eligibility.

Insurance collector vs senior collector skills

Common insurance collector skills

Patients, 20%
Medical Billing, 8%
Healthcare, 7%
Medicaid, 5%
Appeals, 5%
Insurance Accounts, 4%

Common senior collector skills

Customer Service, 16%
Payment Arrangements, 13%
Past Due Accounts, 6%
Debt Repayment, 5%
Loss Mitigation, 5%
FDCPA, 4%