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Medical collections specialist vs medical collector

The differences between medical collections specialists and medical collectors 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 a medical collector. Additionally, a medical collections specialist has an average salary of $36,249, which is higher than the $36,235 average annual salary of a medical collector.

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

Medical collections specialist vs medical collector overview

Medical Collections SpecialistMedical Collector
Yearly salary$36,249$36,235
Hourly rate$17.43$17.42
Growth rate-8%-8%
Number of jobs83,34273,797
Job satisfaction--
Most common degreeAssociate Degree, 28%Bachelor's Degree, 24%
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 a medical collector do?

A medical collector deals with collection of bills related to medical services. They handle healthcare-related debt, collect patient insurance information, and develop repayment plans to accommodate debtors that are unable to settle their accounts. Qualifications for this position include knowledge of accounting and training in insurance, business or finance.

Medical collections specialist vs medical collector salary

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

Medical Collections SpecialistMedical Collector
Average salary$36,249$36,235
Salary rangeBetween $30,000 And $43,000Between $30,000 And $42,000
Highest paying CityTracy, CAArlington Heights, IL
Highest paying stateConnecticutIllinois
Best paying companyPacific MedicalAddison Group
Best paying industryProfessionalFinance

Differences between medical collections specialist and medical collector education

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

Medical Collections SpecialistMedical Collector
Most common degreeAssociate Degree, 28%Bachelor's Degree, 24%
Most common majorHealth Care AdministrationBusiness
Most common college--

Medical collections specialist vs medical collector demographics

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

Medical Collections SpecialistMedical Collector
Average age4646
Gender ratioMale, 19.5% Female, 80.5%Male, 18.0% Female, 82.0%
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, 13.6% Unknown, 3.9% Hispanic or Latino, 22.6% Asian, 3.3% White, 56.1% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between medical collections specialist and medical collector 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.
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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 collections specialist vs medical collector skills

Common medical collections specialist skills
  • Patients, 19%
  • Healthcare, 14%
  • Medical Collections, 7%
  • Medicaid, 5%
  • Patient Accounts, 5%
  • Appeals, 5%
Common medical collector skills
  • Patients, 22%
  • Healthcare, 9%
  • Customer Service, 7%
  • Medical Collections, 5%
  • Appeals, 5%
  • Medicaid, 4%

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