Sentences with phrase «other medical collection accounts»

Not exact matches

FICO 9 counts medical collections less harshly than other accounts in collections, so a surgery bill in collections will have less of an impact on your credit score than a credit card bill in collections.

Unpaid medical collection accounts have a lesser negative impact than other unpaid collection accounts.

Worth noting: Other accounts, such as your phone bill or medical bills are not factored into your FICO score unless you don't pay them and they are sent to collections.

These older credit scoring models will still judge the existence of medical collections just as harshly as any other type of collection account.

FICO 9 counts medical collections less harshly than other accounts in collections, so a surgery bill in collections will have less of an impact on your credit score than a credit card bill in collections.

Fortunately, updates to credit scoring models from both FICO and VantageScore mean unpaid collections accounts attributed to medical bills have a lesser impact on a credit score than other unpaid bills.

However, a medical collection account may not have as a big an impact on your credit score as some other accounts, depending on the scoring model used.

That August, credit score giant FICO announced the newest version of its score — the creatively named FICO 9 — would weigh unpaid medical collection accounts less severely than other outstanding collections.

Duties may include but are not limited to: • Review charges and file claims electronically • Post insurance and patient payments • Run error reports and make corrections as needed • Work denied or incorrect claims • Review accounts for collection and send to outside agency if necessary • Process and send patient statements • Prepare patient and insurance refund requests and respond to requests for recoupment and / or overpayment from an insurance company or payer • Answer and resolve all patient inquiries about payments and insurance • Answer requests and inquiries from insurance companies and other agencies seeking information related to claims • Stay informed of insurance news and regulation changes • Ensure compliance with Medicare and third party payers» procedures and protocol • Assist all employees in the understanding of new policies implemented by insurance carriers • Maintain EOB files EDUCATION AND EXPERIENCE: • A minimum of a High School diploma • A minimum of five years of billing experience in a medical office setting.