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Senior collection specialist vs medical collector

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 vs medical collector overview

Senior Collection SpecialistMedical Collector
Yearly salary$45,150$36,235
Hourly rate$21.71$17.42
Growth rate-8%-8%
Number of jobs31,19273,797
Job satisfaction--
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 24%
Average age4646
Years of experience1212

What does a senior collection specialist do?

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.

What does a medical collector do?

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 specialist vs medical collector salary

Senior collection specialists and medical collectors have different pay scales, as shown below.

Senior Collection SpecialistMedical Collector
Average salary$45,150$36,235
Salary rangeBetween $33,000 And $61,000Between $30,000 And $42,000
Highest paying CityHartford, CTArlington Heights, IL
Highest paying stateConnecticutIllinois
Best paying companyJPMorgan Chase & Co.Addison Group
Best paying industryHealth CareFinance

Differences between senior collection specialist and medical collector education

There are a few differences between a senior collection specialist and a medical collector in terms of educational background:

Senior Collection SpecialistMedical Collector
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 24%
Most common majorBusinessBusiness
Most common college--

Senior collection specialist vs medical collector demographics

Here are the differences between senior collection specialists' and medical collectors' demographics:

Senior Collection SpecialistMedical Collector
Average age4646
Gender ratioMale, 40.4% Female, 59.6%Male, 18.0% Female, 82.0%
Race ratioBlack 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 Percentage8%8%

Differences between senior collection specialist and medical collector duties and responsibilities

Senior collection specialist example responsibilities.

  • Manage re-billings for third party accounts including: commercial carriers, manage care, PPO, POS and HMO organizations.
  • Work comp, MV cases, Medicare, Medicaid and commercial insurances.
  • Follow Medicare guidelines, posses knowledge of ICD and CPT coding, medical and reimbursement terminology, third party billing
  • Cross train fellow agents in store support and online product matrix, and train incoming agents in software and FDCPA guidelines.
  • Participate in the Medicaid conversion project.
  • Verify correct consumer provide disclosure to ensure compliance with FDCPA regulations.
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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.
  • Show more

Senior collection specialist vs medical collector skills

Common senior collection specialist skills
  • Portfolio, 9%
  • Customer Service, 8%
  • Past Due Accounts, 8%
  • Delinquent Accounts, 6%
  • Customer Accounts, 6%
  • Payment Arrangements, 5%
Common medical collector skills
  • Patients, 22%
  • Healthcare, 9%
  • Customer Service, 7%
  • Medical Collections, 5%
  • Appeals, 5%
  • Medicaid, 4%

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