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Recovery collector vs collections specialist

The differences between recovery collectors and collections specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a recovery collector and a collections specialist. Additionally, a recovery collector has an average salary of $35,897, which is higher than the $35,164 average annual salary of a collections specialist.

The top three skills for a recovery collector include inbound calls, outbound calls and credit card accounts. The most important skills for a collections specialist are customer service, patients, and customer accounts.

Recovery collector vs collections specialist overview

Recovery CollectorCollections Specialist
Yearly salary$35,897$35,164
Hourly rate$17.26$16.91
Growth rate-8%-8%
Number of jobs7,20440,277
Job satisfaction--
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 34%
Average age4646
Years of experience1212

Recovery collector vs collections specialist salary

Recovery collectors and collections specialists have different pay scales, as shown below.

Recovery CollectorCollections Specialist
Average salary$35,897$35,164
Salary rangeBetween $25,000 And $51,000Between $27,000 And $45,000
Highest paying City-Boston, MA
Highest paying state-Connecticut
Best paying company-Kent Daniels & Associates
Best paying industry-Finance

Differences between recovery collector and collections specialist education

There are a few differences between a recovery collector and a collections specialist in terms of educational background:

Recovery CollectorCollections Specialist
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 34%
Most common majorBusinessBusiness
Most common college--

Recovery collector vs collections specialist demographics

Here are the differences between recovery collectors' and collections specialists' demographics:

Recovery CollectorCollections Specialist
Average age4646
Gender ratioMale, 42.2% Female, 57.8%Male, 30.5% Female, 69.5%
Race ratioBlack or African American, 13.3% Unknown, 3.9% Hispanic or Latino, 20.0% Asian, 3.6% White, 58.8% American Indian and Alaska Native, 0.5%Black or African American, 12.2% Unknown, 4.1% Hispanic or Latino, 18.5% Asian, 3.7% White, 61.0% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between recovery collector and collections specialist duties and responsibilities

Recovery collector example responsibilities.

  • Manage re-billings for third party accounts including: commercial carriers, manage care, PPO, POS and HMO organizations.
  • Resolve errors by resubmitting correct or unacknowledge claims, appeals, and other documentation require for timely filing.
  • Secure modification documents including HAMP and bank require documents.

Collections specialist example responsibilities.

  • Manage university A/R processes and enforce tuition payment policy.
  • Manage accounts for healthcare clients, review detailed patient information for payment resolution while abiding HIPPA privacy and security regulations.
  • Review denied Medicare and Maine Medicaid insurance claims for accuracy.
  • Analyze hospital insurance claims of individual patients for errors and contact major insurance carriers for claims dispute resolution.
  • Analyze accounts for patients ineligible for private insurance, Medicare or Medicaid and indicating inability to pay balance.
  • Possess effective persuasion and negotiation skills, excellent interpersonal and communications skills with the ability to deliver quality customer service.
  • Show more

Recovery collector vs collections specialist skills

Common recovery collector skills
  • Inbound Calls, 10%
  • Outbound Calls, 9%
  • Credit Card Accounts, 8%
  • Delinquent Accounts, 8%
  • Credit Bureaus, 7%
  • Customer Service, 6%
Common collections specialist skills
  • Customer Service, 23%
  • Patients, 8%
  • Customer Accounts, 6%
  • Payment Arrangements, 5%
  • Delinquent Accounts, 4%
  • Phone Calls, 4%

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