Payment collector vs medical collector

The differences between payment collectors 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 payment collector and a medical collector. Additionally, a payment collector has an average salary of $36,353, which is higher than the $36,235 average annual salary of a medical collector.

The top three skills for a payment collector include customer service, payment arrangements and outbound calls. The most important skills for a medical collector are patients, healthcare, and customer service.

Payment collector vs medical collector overview

	Payment Collector	Medical Collector
Yearly salary	$36,353	$36,235
Hourly rate	$17.48	$17.42
Growth rate	-8%	-8%
Number of jobs	11,144	73,797
Job satisfaction	-	-
Most common degree	High School Diploma, 32%	Bachelor's Degree, 24%
Average age	46	46
Years of experience	12	12

Payment collector vs medical collector salary

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

	Payment Collector	Medical Collector
Average salary	$36,353	$36,235
Salary range	Between $31,000 And $42,000	Between $30,000 And $42,000
Highest paying City	-	Arlington Heights, IL
Highest paying state	-	Illinois
Best paying company	-	Addison Group
Best paying industry	-	Finance

Differences between payment collector and medical collector education

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

	Payment Collector	Medical Collector
Most common degree	High School Diploma, 32%	Bachelor's Degree, 24%
Most common major	Business	Business
Most common college	-	-

Payment collector vs medical collector demographics

Here are the differences between payment collectors' and medical collectors' demographics:

	Payment Collector	Medical Collector
Average age	46	46
Gender ratio	Male, 23.1% Female, 76.9%	Male, 18.0% Female, 82.0%
Race ratio	Black 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, 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%

Differences between payment collector and medical collector 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.

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.

Payment collector vs medical collector skills

Common payment collector skills

Customer Service, 28%
Payment Arrangements, 10%
Outbound Calls, 8%
Credit Card, 8%
EOB, 7%
Patient Accounts, 6%

Common medical collector skills

Patients, 22%
Healthcare, 9%
Customer Service, 7%
Medical Collections, 5%
Appeals, 5%
Medicaid, 4%