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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 | Medical Collector | |
| Yearly salary | $36,249 | $36,235 |
| Hourly rate | $17.43 | $17.42 |
| Growth rate | -8% | -8% |
| Number of jobs | 83,342 | 73,797 |
| Job satisfaction | - | - |
| Most common degree | Associate Degree, 28% | Bachelor's Degree, 24% |
| Average age | 46 | 46 |
| Years of experience | 12 | 12 |
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.
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 specialists and medical collectors have different pay scales, as shown below.
| Medical Collections Specialist | Medical Collector | |
| Average salary | $36,249 | $36,235 |
| Salary range | Between $30,000 And $43,000 | Between $30,000 And $42,000 |
| Highest paying City | Tracy, CA | Arlington Heights, IL |
| Highest paying state | Connecticut | Illinois |
| Best paying company | Pacific Medical | Addison Group |
| Best paying industry | Professional | Finance |
There are a few differences between a medical collections specialist and a medical collector in terms of educational background:
| Medical Collections Specialist | Medical Collector | |
| Most common degree | Associate Degree, 28% | Bachelor's Degree, 24% |
| Most common major | Health Care Administration | Business |
| Most common college | - | - |
Here are the differences between medical collections specialists' and medical collectors' demographics:
| Medical Collections Specialist | Medical Collector | |
| Average age | 46 | 46 |
| Gender ratio | Male, 19.5% Female, 80.5% | Male, 18.0% Female, 82.0% |
| Race ratio | Black 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 Percentage | 8% | 8% |