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Payment collector vs account representative

The differences between payment collectors and account representatives can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a payment collector and an account representative. Additionally, an account representative has an average salary of $36,977, which is higher than the $36,353 average annual salary of a payment collector.

The top three skills for a payment collector include customer service, payment arrangements and outbound calls. The most important skills for an account representative are customer service, patients, and patient accounts.

Payment collector vs account representative overview

Payment CollectorAccount Representative
Yearly salary$36,353$36,977
Hourly rate$17.48$17.78
Growth rate-8%-8%
Number of jobs11,144183,446
Job satisfaction--
Most common degreeHigh School Diploma, 32%Bachelor's Degree, 52%
Average age4646
Years of experience1212

Payment collector vs account representative salary

Payment collectors and account representatives have different pay scales, as shown below.

Payment CollectorAccount Representative
Average salary$36,353$36,977
Salary rangeBetween $31,000 And $42,000Between $26,000 And $51,000
Highest paying City-Los Angeles, CA
Highest paying state-California
Best paying company-New Relic
Best paying industry-Finance

Differences between payment collector and account representative education

There are a few differences between a payment collector and an account representative in terms of educational background:

Payment CollectorAccount Representative
Most common degreeHigh School Diploma, 32%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common college--

Payment collector vs account representative demographics

Here are the differences between payment collectors' and account representatives' demographics:

Payment CollectorAccount Representative
Average age4646
Gender ratioMale, 23.1% Female, 76.9%Male, 33.6% Female, 66.4%
Race ratioBlack or African American, 14.0% Unknown, 3.8% Hispanic or Latino, 19.8% Asian, 3.7% White, 58.2% American Indian and Alaska Native, 0.5%Black or African American, 12.5% Unknown, 4.2% Hispanic or Latino, 17.3% Asian, 3.9% White, 61.6% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between payment collector and account representative duties and responsibilities

Payment collector example responsibilities.

  • Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
  • Post payments, EOB's, billing, call insurance's, patient statements and follow up
  • Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
  • Utilize various skip-tracing services such as Accurint and TheWorkNumber in order to locate consumers and verify employment for account recovery purposes.

Account representative example responsibilities.

  • Manage all billing accounts including Medicare/Medicaid, HMO and individual accounts.
  • Manage the daily correspondence from assign practices with keeping doctor/patient confidentiality under consideration along with HIPPA regulations.
  • Manage and maintain an internal database system to generate reports and produce accurate account information for patients and insurance companies.
  • Educate physicians to use current ICD-9 diagnostic coding and preparation to begin ICD-10 coding requirements.
  • Analyze health care insurance/litigation patient account files to resolve outstanding and delinquent accounts due to the healthcare client.
  • Promote ThermoCool SmartTouch ablation catheter device to electrophysiologists.
  • Show more

Payment collector vs account representative skills

Common payment collector skills
  • Customer Service, 28%
  • Payment Arrangements, 10%
  • Outbound Calls, 8%
  • Credit Card, 8%
  • EOB, 7%
  • Patient Accounts, 6%
Common account representative skills
  • Customer Service, 21%
  • Patients, 18%
  • Patient Accounts, 5%
  • Data Entry, 3%
  • Medicaid, 3%
  • Customer Satisfaction, 3%

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