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Medical collector vs student loan collector

The differences between medical collectors and student loan 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 collector and a student loan collector. Additionally, a medical collector has an average salary of $36,235, which is higher than the $35,477 average annual salary of a student loan collector.

The top three skills for a medical collector include patients, healthcare and customer service. The most important skills for a student loan collector are student loan accounts, customer service, and delinquent accounts.

Medical collector vs student loan collector overview

Medical CollectorStudent Loan Collector
Yearly salary$36,235$35,477
Hourly rate$17.42$17.06
Growth rate-8%-8%
Number of jobs73,79725,976
Job satisfaction--
Most common degreeBachelor's Degree, 24%Bachelor's Degree, 42%
Average age4646
Years of experience1212

Medical collector vs student loan collector salary

Medical collectors and student loan collectors have different pay scales, as shown below.

Medical CollectorStudent Loan Collector
Average salary$36,235$35,477
Salary rangeBetween $30,000 And $42,000Between $26,000 And $47,000
Highest paying CityArlington Heights, IL-
Highest paying stateIllinois-
Best paying companyAddison Group-
Best paying industryFinance-

Differences between medical collector and student loan collector education

There are a few differences between a medical collector and a student loan collector in terms of educational background:

Medical CollectorStudent Loan Collector
Most common degreeBachelor's Degree, 24%Bachelor's Degree, 42%
Most common majorBusinessBusiness
Most common college--

Medical collector vs student loan collector demographics

Here are the differences between medical collectors' and student loan collectors' demographics:

Medical CollectorStudent Loan Collector
Average age4646
Gender ratioMale, 18.0% Female, 82.0%Male, 41.2% Female, 58.8%
Race ratioBlack 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, 11.8% Unknown, 4.0% Hispanic or Latino, 18.4% Asian, 3.6% White, 61.7% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between medical collector and student loan collector duties and responsibilities

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.
  • Show more

Student loan collector example responsibilities.

  • Monitor all assign accounts by reviewing the client's aging, manage all potential bad debit, DSO, aging.
  • Provide effective and timely resolution whilst strictly adhering to the FDCPA regulations and policies.
  • Supervise a group of 12 collectors and ensuring that FDCPA rules and regulations are followed.
  • Maintain existing customer base by building strong relationships that includes contract negotiation and customer issue resolution.
  • Research patient account information and make contact with insurance carriers to determine patient eligibility for Medicare benefits.
  • Secure modification documents including HAMP and bank require documents.

Medical collector vs student loan collector skills

Common medical collector skills
  • Patients, 22%
  • Healthcare, 9%
  • Customer Service, 7%
  • Medical Collections, 5%
  • Appeals, 5%
  • Medicaid, 4%
Common student loan collector skills
  • Student Loan Accounts, 16%
  • Customer Service, 9%
  • Delinquent Accounts, 7%
  • FDCPA, 5%
  • State Laws, 4%
  • Payment Arrangements, 4%

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