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Medical collector hiring summary. Here are some key points about hiring medical collectors in the United States:
Here's a step-by-step medical collector hiring guide:
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.
Before you post your medical collector job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a medical collector for hire on a part-time basis or as a contractor.
A medical collector's background is also an important factor in determining whether they'll be a good fit for the position. For example, medical collectors from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
The following list breaks down different types of medical collectors and their corresponding salaries.
| Type of Medical Collector | Description | Hourly rate |
|---|---|---|
| Medical Collector | Bill and account collectors, sometimes called collectors, try to recover payment on overdue bills. They negotiate repayment plans with debtors and help them find solutions to make paying their overdue bills easier. | $14-20 |
| Account Representative | Account representatives are employees who manage client accounts and act as the main contact of the clients they are handling. They maintain existing accounts by updating client details regularly... Show more | $12-24 |
| Billing Representative | A billing representative assists with the overall operations of the organization's billing department. Billing representatives post payments timely on the database, update account statements, generate financial reports, release invoices, and resolve account discrepancies... Show more | $13-20 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Illinois | $43,062 | $21 |
| 2 | California | $41,198 | $20 |
| 3 | Connecticut | $40,783 | $20 |
| 4 | Colorado | $39,274 | $19 |
| 5 | Minnesota | $37,463 | $18 |
| 6 | Georgia | $37,271 | $18 |
| 7 | New York | $36,812 | $18 |
| 8 | Wisconsin | $36,419 | $18 |
| 9 | Arizona | $36,182 | $17 |
| 10 | Texas | $36,158 | $17 |
| 11 | Florida | $35,584 | $17 |
| 12 | Pennsylvania | $34,513 | $17 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Addison Group | $36,567 | $17.58 | 26 |
| 2 | CornerStone Staffing | $36,373 | $17.49 | |
| 3 | Aerotek | $36,340 | $17.47 | 10 |
| 4 | Express Employment Indy South | $36,280 | $17.44 | |
| 5 | Robert Half | $36,224 | $17.42 | 135 |
| 6 | Hopewell Junction, NY | $36,154 | $17.38 | 3 |
| 7 | NMA | $36,135 | $17.37 | 2 |
| 8 | Accounting Services Limited | $36,086 | $17.35 | |
| 9 | Molina Healthcare | $36,038 | $17.33 | 37 |
| 10 | Ajilon Consulting | $35,946 | $17.28 | |
| 11 | Nexus Staffing Solutions | $35,630 | $17.13 | |
| 12 | J. Morrissey & Company | $35,542 | $17.09 | 4 |
| 13 | Randstad North America, Inc. | $35,478 | $17.06 | 6 |
| 14 | Medix | $35,461 | $17.05 | 1 |
| 15 | Kelly Services | $35,431 | $17.03 | 4 |
| 16 | Oncology Consultants | $34,692 | $16.68 | 1 |
| 17 | UMiami Health System | $34,665 | $16.67 | |
| 18 | MPI Home Care | $33,510 | $16.11 |
A medical collector job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a medical collector job description:
To find medical collectors for your business, try out a few different recruiting strategies:
To successfully recruit medical collectors, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've found the medical collector candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.
Once that's done, you can draft an onboarding schedule for the new medical collector. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
There are different types of costs for hiring medical collectors. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new medical collector employee.
You can expect to pay around $36,235 per year for a medical collector, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for medical collectors in the US typically range between $14 and $20 an hour.