Installment loan collector vs bill collector

Differences between installment loan collector and bill collector 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.

Bill collector example responsibilities.

• Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
• Follow HIPPA and FDCPA guidelines to ensure legal collection practices are utilized.
• Bill and collect all skil Medicare, and other insurance claims which include HMO claims denials.
• Provide patients with information and resources essential to their financial needs including payment arrangements and account reminders.
• Take payments by ACH and debit cards.
• Collect A/R payments from medical insurance companies and customers.
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