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Senior collector vs collections specialist

The differences between senior 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 senior collector and a collections specialist. Additionally, a senior collector has an average salary of $85,626, which is higher than the $35,164 average annual salary of a collections specialist.

The top three skills for a senior collector include customer service, payment arrangements and past due accounts. The most important skills for a collections specialist are customer service, patients, and customer accounts.

Senior collector vs collections specialist overview

Senior CollectorCollections Specialist
Yearly salary$85,626$35,164
Hourly rate$41.17$16.91
Growth rate-8%-8%
Number of jobs5,61440,277
Job satisfaction--
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 34%
Average age4646
Years of experience1212

Senior collector vs collections specialist salary

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

Senior CollectorCollections Specialist
Average salary$85,626$35,164
Salary rangeBetween $50,000 And $145,000Between $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 senior collector and collections specialist education

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

Senior CollectorCollections Specialist
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 34%
Most common majorBusinessBusiness
Most common college--

Senior collector vs collections specialist demographics

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

Senior CollectorCollections Specialist
Average age4646
Gender ratioMale, 40.1% Female, 59.9%Male, 30.5% Female, 69.5%
Race ratioBlack or African American, 13.4% Unknown, 4.1% Hispanic or Latino, 20.9% Asian, 3.7% White, 57.4% 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 senior collector and collections specialist duties and responsibilities

Senior collector example responsibilities.

  • Accomplish the above in compliance with HIPAA regulations.
  • Manage re-billings for third party accounts including: commercial carriers, manage care, PPO, POS and HMO organizations.
  • Record CPT codes and ICD-9 codes on billing forms.
  • Develop and pursue collection strategies to reduce the DSO.
  • Process credit cards, purchase cards, ACH payments.
  • Used the Medicaid web portal to check claim status and eligibility.
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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.
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Senior collector vs collections specialist skills

Common senior collector skills
  • Customer Service, 16%
  • Payment Arrangements, 13%
  • Past Due Accounts, 6%
  • Debt Repayment, 5%
  • Loss Mitigation, 5%
  • FDCPA, 4%
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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