Installment loan collector vs accounts receivable analyst

Differences between installment loan collector and accounts receivable analyst duties and responsibilities

Installment loan collector example responsibilities.

• Monitor all assign accounts by reviewing the client's aging, manage all potential bad debit, DSO, aging.
• Review and verify insurance, Medicare and/or Medicaid accounts against third party billing program provisions and procedures.
• Secure modification documents including HAMP and bank require documents.

Accounts receivable analyst example responsibilities.

• Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
• Perform and analyze all accounts receivable duties, including proper application of cash, check, ACH, and wire transactions.
• Forecast estimate check clearing, deposits, ACH activities and other variables in order to set guidelines for daily cash position.
• Verify benefits and eligibility for new patients.
• Determine medical benefits base on contractual agreements assuring benefits are applied correctly for patients during claims processing.
• Code invoices, research customer information, perform detail reconciliations, analyze exceptions with customer information and billing.
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