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The differences between senior collection specialists 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 senior collection specialist and a medical collector. Additionally, a senior collection specialist has an average salary of $45,150, which is higher than the $36,235 average annual salary of a medical collector.
The top three skills for a senior collection specialist include portfolio, customer service and past due accounts. The most important skills for a medical collector are patients, healthcare, and customer service.
| Senior Collection Specialist | Medical Collector | |
| Yearly salary | $45,150 | $36,235 |
| Hourly rate | $21.71 | $17.42 |
| Growth rate | -8% | -8% |
| Number of jobs | 31,192 | 73,797 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 41% | Bachelor's Degree, 24% |
| Average age | 46 | 46 |
| Years of experience | 12 | 12 |
Senior collection specialists lead others by distributing and balancing workload, providing on-the-job training, and demonstrating proper work methods to employees. The specialists determine the most effective and economical means of collecting for each account, compose correspondence requiring knowledge procedure and practices in the collection, and apply standard due diligence practice to collect monies owed. They should have work leadership, know how to gather data, and analyze financial information for decision-making purposes. Also, they apply payments received to proper accounts and make necessary adjustments or corrections.
A medical collector deals with collection of bills related to medical services. They handle healthcare-related debt, collect patient insurance information, and develop repayment plans to accommodate debtors that are unable to settle their accounts. Qualifications for this position include knowledge of accounting and training in insurance, business or finance.
Senior collection specialists and medical collectors have different pay scales, as shown below.
| Senior Collection Specialist | Medical Collector | |
| Average salary | $45,150 | $36,235 |
| Salary range | Between $33,000 And $61,000 | Between $30,000 And $42,000 |
| Highest paying City | Hartford, CT | Arlington Heights, IL |
| Highest paying state | Connecticut | Illinois |
| Best paying company | JPMorgan Chase & Co. | Addison Group |
| Best paying industry | Health Care | Finance |
There are a few differences between a senior collection specialist and a medical collector in terms of educational background:
| Senior Collection Specialist | Medical Collector | |
| Most common degree | Bachelor's Degree, 41% | Bachelor's Degree, 24% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between senior collection specialists' and medical collectors' demographics:
| Senior Collection Specialist | Medical Collector | |
| Average age | 46 | 46 |
| Gender ratio | Male, 40.4% Female, 59.6% | Male, 18.0% Female, 82.0% |
| Race ratio | Black or African American, 12.3% Unknown, 4.0% Hispanic or Latino, 20.9% Asian, 3.5% 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% |