Recovery collector vs medical collector

The differences between recovery 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 recovery collector and a medical collector. Additionally, a medical collector has an average salary of $36,235, which is higher than the $35,897 average annual salary of a recovery collector.

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

Recovery collector vs medical collector overview

	Recovery Collector	Medical Collector
Yearly salary	$35,897	$36,235
Hourly rate	$17.26	$17.42
Growth rate	-8%	-8%
Number of jobs	7,204	73,797
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 38%	Bachelor's Degree, 24%
Average age	46	46
Years of experience	12	12

Recovery collector vs medical collector salary

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

	Recovery Collector	Medical Collector
Average salary	$35,897	$36,235
Salary range	Between $25,000 And $51,000	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 recovery collector and medical collector education

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

	Recovery Collector	Medical Collector
Most common degree	Bachelor's Degree, 38%	Bachelor's Degree, 24%
Most common major	Business	Business
Most common college	-	-

Recovery collector vs medical collector demographics

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

	Recovery Collector	Medical Collector
Average age	46	46
Gender ratio	Male, 42.2% Female, 57.8%	Male, 18.0% Female, 82.0%
Race ratio	Black 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, 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 recovery collector and medical collector 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.

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.

Recovery collector vs medical collector 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 medical collector skills

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