Asset recovery specialist vs account representative

Differences between asset recovery specialist and account representative duties and responsibilities

Asset recovery specialist example responsibilities.

• Manage university A/R processes and enforce tuition payment policy.
• Handle sensitive information given according to FDCPA regulations and standards.
• Create negotiation strategies that help increase revenue by reducing losses on third-party settlement transactions.
• Submit additional information request by insurance companies such as medical records, primary/secondary insurance explanation of benefits (EOB).
• Secure modification documents including HAMP and bank require documents.

Account representative example responsibilities.

• Manage all billing accounts including Medicare/Medicaid, HMO and individual accounts.
• Manage the daily correspondence from assign practices with keeping doctor/patient confidentiality under consideration along with HIPPA regulations.
• Manage and maintain an internal database system to generate reports and produce accurate account information for patients and insurance companies.
• Educate physicians to use current ICD-9 diagnostic coding and preparation to begin ICD-10 coding requirements.
• Analyze health care insurance/litigation patient account files to resolve outstanding and delinquent accounts due to the healthcare client.
• Promote ThermoCool SmartTouch ablation catheter device to electrophysiologists.
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