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Medical billing and coding externship vs medical collector

The differences between medical billing and coding externships and medical collectors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a medical billing and coding externship, becoming a medical collector takes usually requires 6-12 months. Additionally, a medical collector has an average salary of $36,235, which is higher than the $36,112 average annual salary of a medical billing and coding externship.

The top three skills for a medical billing and coding externship include patients, insurance eligibility and data entry. The most important skills for a medical collector are patients, healthcare, and customer service.

Medical billing and coding externship vs medical collector overview

Medical Billing And Coding ExternshipMedical Collector
Yearly salary$36,112$36,235
Hourly rate$17.36$17.42
Growth rate-3%-8%
Number of jobs98,08973,797
Job satisfaction--
Most common degreeDiploma, 43%Bachelor's Degree, 24%
Average age4646
Years of experience212

Medical billing and coding externship vs medical collector salary

Medical billing and coding externships and medical collectors have different pay scales, as shown below.

Medical Billing And Coding ExternshipMedical Collector
Average salary$36,112$36,235
Salary rangeBetween $30,000 And $42,000Between $30,000 And $42,000
Highest paying City-Arlington Heights, IL
Highest paying state-Illinois
Best paying company-Addison Group
Best paying industry-Finance

Differences between medical billing and coding externship and medical collector education

There are a few differences between a medical billing and coding externship and a medical collector in terms of educational background:

Medical Billing And Coding ExternshipMedical Collector
Most common degreeDiploma, 43%Bachelor's Degree, 24%
Most common majorHealth Care AdministrationBusiness
Most common collegeBoston University-

Medical billing and coding externship vs medical collector demographics

Here are the differences between medical billing and coding externships' and medical collectors' demographics:

Medical Billing And Coding ExternshipMedical Collector
Average age4646
Gender ratioMale, 11.8% Female, 88.2%Male, 18.0% Female, 82.0%
Race ratioBlack or African American, 10.6% Unknown, 4.3% Hispanic or Latino, 21.8% Asian, 6.8% White, 55.7% American Indian and Alaska Native, 0.8%Black or African American, 13.6% Unknown, 3.9% Hispanic or Latino, 22.6% Asian, 3.3% White, 56.1% American Indian and Alaska Native, 0.5%
LGBT Percentage7%8%

Differences between medical billing and coding externship and medical collector duties and responsibilities

Medical billing and coding externship example responsibilities.

  • Manage chart completion (ICD-9-CM and CPT coding/abstracting), chart assembly and analysis, patient admission and patient information privacy/security.
  • Verify correct ICD-10 and CPT codes for a variety of specialties.
  • Review physicians' appointment notes to determine appropriate ICD-9 and HCPCS code for the medical service render.
  • Identify and code the principal diagnosis and procedures using ICD-9-CM and CPT-4 codes to each patient's medical records
  • Perform billing and collection procedures, utilize CPT-4 and ICD-9 coding, insurance claim preparation, processing and follow-ups.
  • Resolve and research of insurance denials, rejections, providing correction of claims, involving CPT and HCPCS codes.
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Medical collector example responsibilities.

  • Use EMR software to manage patient records and files; reinforce and uphold patient confidentiality as required by HIPAA and clinic.
  • Perform as a mediator between insurance companies and patients collecting nationwide extensive medical bills.
  • Utilize A/R reports and identify accounts that are past payments.
  • Maintain a filing system of clients' medical records and disclosure following HIPPA guidelines.
  • Post appropriate adjustment types and carrier payments to accounts for true A/R account balance reflection.
  • Maintain strict confidentiality; adhering to all HIPAA guidelines/regulations.
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Medical billing and coding externship vs medical collector skills

Common medical billing and coding externship skills
  • Patients, 23%
  • Insurance Eligibility, 6%
  • Data Entry, 5%
  • EOB, 5%
  • Insurance Verification, 4%
  • CPT-4, 3%
Common medical collector skills
  • Patients, 22%
  • Healthcare, 9%
  • Customer Service, 7%
  • Medical Collections, 5%
  • Appeals, 5%
  • Medicaid, 4%

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