Asset recovery specialist vs senior collector

Differences between asset recovery specialist and senior collector 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.

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.
Show more