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Revenue collector vs revenue specialist

The differences between revenue collectors and revenue specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a revenue collector and a revenue specialist. Additionally, a revenue specialist has an average salary of $44,779, which is higher than the $33,908 average annual salary of a revenue collector.

The top three skills for a revenue collector include customer service, motor vehicle and driver license. The most important skills for a revenue specialist are patients, revenue cycle, and CPT.

Revenue collector vs revenue specialist overview

Revenue CollectorRevenue Specialist
Yearly salary$33,908$44,779
Hourly rate$16.30$21.53
Growth rate-7%-7%
Number of jobs5,94428,763
Job satisfaction--
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 52%
Average age4848
Years of experience22

Revenue collector vs revenue specialist salary

Revenue collectors and revenue specialists have different pay scales, as shown below.

Revenue CollectorRevenue Specialist
Average salary$33,908$44,779
Salary rangeBetween $21,000 And $52,000Between $28,000 And $71,000
Highest paying City-Camden, NJ
Highest paying state-New Jersey
Best paying company-McKinsey & Company Inc
Best paying industry-Manufacturing

Differences between revenue collector and revenue specialist education

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

Revenue CollectorRevenue Specialist
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Revenue collector vs revenue specialist demographics

Here are the differences between revenue collectors' and revenue specialists' demographics:

Revenue CollectorRevenue Specialist
Average age4848
Gender ratioMale, 34.7% Female, 65.3%Male, 24.3% Female, 75.7%
Race ratioBlack or African American, 13.0% Unknown, 3.3% Hispanic or Latino, 18.1% Asian, 8.8% White, 56.5% American Indian and Alaska Native, 0.2%Black or African American, 12.9% Unknown, 3.2% Hispanic or Latino, 16.2% Asian, 9.9% White, 57.5% American Indian and Alaska Native, 0.2%
LGBT Percentage8%8%

Differences between revenue collector and revenue specialist duties and responsibilities

Revenue collector example responsibilities.

  • Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
  • 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.

Revenue specialist example responsibilities.

  • Process account receivables, charge entry, claims, and reimbursement in adherence to Medicare and all HMO guidelines.
  • Establish a strong understanding of ICD-9 diagnosis and medical inventory codes.
  • Work claim edits to ensure clean claim billing to Medicare/Medicare HMO's.
  • Review the complex medical records and accurately codes primary/secondary diagnoses and procedures using ICD-10-CM and CPT coding conventions.
  • Initiate appeals and ensure required documentation are submitted in the appeals process.
  • Complete appeals when authorization are not obtain and or unusual procedure are performed.
  • Show more

Revenue collector vs revenue specialist skills

Common revenue collector skills
  • Customer Service, 30%
  • Motor Vehicle, 12%
  • Driver License, 8%
  • DMV, 7%
  • Business Licenses, 6%
  • Property Tax Payments, 6%
Common revenue specialist skills
  • Patients, 17%
  • Revenue Cycle, 13%
  • CPT, 6%
  • Data Entry, 5%
  • Medical Terminology, 5%
  • Medicaid, 5%

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