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The differences between medical collectors and insurance clerks can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become a medical collector, becoming an insurance clerk takes usually requires 2-4 years. Additionally, a medical collector has an average salary of $36,235, which is higher than the $33,089 average annual salary of an insurance clerk.
The top three skills for a medical collector include patients, healthcare and customer service. The most important skills for an insurance clerk are patients, insurance verification, and data entry.
| Medical Collector | Insurance Clerk | |
| Yearly salary | $36,235 | $33,089 |
| Hourly rate | $17.42 | $15.91 |
| Growth rate | -8% | -3% |
| Number of jobs | 73,797 | 147,755 |
| Job satisfaction | - | 2 |
| Most common degree | Bachelor's Degree, 24% | High School Diploma, 29% |
| Average age | 46 | 44 |
| Years of experience | 12 | 4 |
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.
An insurance clerk usually works to process insurance, reinstatement, changes, or cancellations for a company or an individual account. They are responsible for monitoring, processing, and organizing different insurance claims for a client. They usually work closely with the company's insurance agent to provide necessary information to process the clients' application. This career requires a broad knowledge of local and state insurance policies, good attention to detail, excellent communication skills, customer service skills, and administrative skills.
Medical collectors and insurance clerks have different pay scales, as shown below.
| Medical Collector | Insurance Clerk | |
| Average salary | $36,235 | $33,089 |
| Salary range | Between $30,000 And $42,000 | Between $27,000 And $39,000 |
| Highest paying City | Arlington Heights, IL | Henderson, NV |
| Highest paying state | Illinois | New Hampshire |
| Best paying company | Addison Group | Lenoir Memorial Hospital |
| Best paying industry | Finance | Finance |
There are a few differences between a medical collector and an insurance clerk in terms of educational background:
| Medical Collector | Insurance Clerk | |
| Most common degree | Bachelor's Degree, 24% | High School Diploma, 29% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between medical collectors' and insurance clerks' demographics:
| Medical Collector | Insurance Clerk | |
| Average age | 46 | 44 |
| Gender ratio | Male, 18.0% Female, 82.0% | Male, 8.3% Female, 91.7% |
| Race ratio | 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% | Black or African American, 13.8% Unknown, 4.3% Hispanic or Latino, 14.4% Asian, 3.9% White, 63.2% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 11% |