Cost Effective Credit Reports
HealthWare has created an intuitive interface to allow you to take advantage of Equifax’s Automated Collection Transactions product. Equifax’s ACT product allows you to choose the information you want of the Credit Report, and combine it with several of the Equifax proprietary credit scores and fraud indicators. All this at a price at less than a third of the cost of a regular credit report! Also you can choose between their proprietary collection credit scores or exclusive healthcare credit scores!
Read on to see what this exciting project can do for you:
Automated Collection Transactions
Improve Margins with Off-line Risk Assessment of Past-Due Receivables
In a world of rising consumer debt, there is an increasing need to automate recovery processes and reduce the potential for write-offs. Automated Collection Transactions (ACT), is an off-line risk assessment solution designed specifically for collections professionals. This cost-effective and easy-to-use solution enhances debt recovery efforts by providing current contact information and better predicting account performance. Using a selection of aggregated data attributes, ACT more accurately segments accounts enabling you to refine collection strategies and ultimately improve margins.
Prioritize Collection Efforts on those customers most likely to repay.
Maximize profits by working accounts with the highest recovery potential earlier in the collection cycle.
Increase productivity by prioritizing daily workload in order to use available resources at the most effective level.
Reduce costs and streamline processes with a single source provider for all key contact and decisioning elements.
“Best Practices” Bundling of Key Decision Attributes
In addition to basic data elements returned with every file, you have the option to “pick and choose” additional credit file attributes to fine-tune your criteria.
- Current and Former Addresses
- Employment
- Fraud/High Risk Alerts
- Public Records
- Recovery, Income and Industry-Specific Scoring Models
- Bankruptcy / Deceased Indicators
- Healthcare Income & Payment Predictor Scors
HealthWare’s ACT Interface Provides:
- Create interface file on demand or automatically.
- Interact with your existing collection software.
- Automaticly request ACT update from the Account Flow Manager
- Update Tickler Account Priority.
- Update Tickler Next Work Date.
- Change account status codes to control the flow of the account through your strategies and collections activities.
- Change desks (collectors) to allow for specialized collection efforts.
- Update Fiscal fields with important data elements returned.