Post job

Medical collections specialist vs account specialist

The differences between medical collections specialists and account specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a medical collections specialist and an account specialist. Additionally, an account specialist has an average salary of $42,586, which is higher than the $36,249 average annual salary of a medical collections specialist.

The top three skills for a medical collections specialist include patients, healthcare and medical collections. The most important skills for an account specialist are customer service, patients, and account management.

Medical collections specialist vs account specialist overview

Medical Collections SpecialistAccount Specialist
Yearly salary$36,249$42,586
Hourly rate$17.43$20.47
Growth rate-8%-8%
Number of jobs83,342116,010
Job satisfaction--
Most common degreeAssociate Degree, 28%Bachelor's Degree, 54%
Average age4646
Years of experience1212

What does a medical collections specialist do?

Medical collections specialists are responsible for the collection of insurance claims. The responsibilities of this position include locating debtors, contacting debtors to address the overdue payments, keeping records of debts, collecting updated information on client accounts and payments, processing payments, and reviewing records to ensure they are accurate. They also conduct follow ups for insurance reimbursement, repossess claims, draft appeals, and resolve unpaid claims.

What does an account specialist do?

An account specialist is responsible for reaching out to customers or potential clients through calls, emails, and other forms of correspondence to secure sales and strengthen business relations. An account specialist may also perform other tasks such as arranging appointment schedules with clients, providing price quotes and responding to further inquiries, process orders, generating sales leads, and handling complaints and resolving issues. Furthermore, an account specialist may also be involved in developing strategies, finding new opportunities, producing and completing necessary documents, and preparing reports, all in adherence to the company's policies and regulations.

Medical collections specialist vs account specialist salary

Medical collections specialists and account specialists have different pay scales, as shown below.

Medical Collections SpecialistAccount Specialist
Average salary$36,249$42,586
Salary rangeBetween $30,000 And $43,000Between $28,000 And $62,000
Highest paying CityTracy, CAWashington, DC
Highest paying stateConnecticutVirginia
Best paying companyPacific MedicalMicrosoft
Best paying industryProfessionalFinance

Differences between medical collections specialist and account specialist education

There are a few differences between a medical collections specialist and an account specialist in terms of educational background:

Medical Collections SpecialistAccount Specialist
Most common degreeAssociate Degree, 28%Bachelor's Degree, 54%
Most common majorHealth Care AdministrationBusiness
Most common college--

Medical collections specialist vs account specialist demographics

Here are the differences between medical collections specialists' and account specialists' demographics:

Medical Collections SpecialistAccount Specialist
Average age4646
Gender ratioMale, 19.5% Female, 80.5%Male, 32.2% Female, 67.8%
Race ratioBlack or African American, 12.8% Unknown, 4.1% Hispanic or Latino, 20.8% Asian, 3.7% White, 58.1% American Indian and Alaska Native, 0.5%Black or African American, 13.2% Unknown, 4.1% Hispanic or Latino, 17.8% Asian, 3.7% White, 60.8% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between medical collections specialist and account specialist duties and responsibilities

Medical collections specialist example responsibilities.

  • Manage accounts for healthcare clients, review detailed patient information for payment resolution while abiding HIPPA privacy and security regulations.
  • Job duties include collecting on HMO, PPO, Medicare, and HMO Medicaid.
  • Work directly with Medicare and HMO Medicaid plans, and statewide HMO/PPO/POS plans.
  • Reprocess denied medical claims using extensive appeal tactics or special appeals processing instructions for commercial and government carriers.
  • Adhere to all HIPAA guidelines as well as various policies and guidelines.
  • Provide itemized billing statements and screen HIPAA authorization forms for hundreds of legal firms.
  • Show more

Account specialist example responsibilities.

  • Cultivate productive long-term relationships with all assign accounts, and manage all reporting and presentation needs for RFP's.
  • Manage a portfolio of accounts end to end RFP program execution inclusive of pricing, contracting, process and technology solutions.
  • Manage the daily correspondence from assign practices with keeping doctor/patient confidentiality under consideration along with HIPPA regulations.
  • Deliver exceptional customer service to hospital accounts and internal sales representatives in accordance to revenue recognition policies and HIPAA regulations.
  • Experience with CMS 1500 and UB-04 claims using HCPC/CPT codes as well as NDC codes
  • Monitor CMS and real time aux codes.
  • Show more

Medical collections specialist vs account specialist skills

Common medical collections specialist skills
  • Patients, 19%
  • Healthcare, 14%
  • Medical Collections, 7%
  • Medicaid, 5%
  • Patient Accounts, 5%
  • Appeals, 5%
Common account specialist skills
  • Customer Service, 25%
  • Patients, 13%
  • Account Management, 6%
  • PowerPoint, 4%
  • Data Entry, 4%
  • Catheter, 3%

Browse office and administrative jobs