|
Function/Benefit Product |
Product |
|
ACROFILE PLUS® |
|
 |
Verify demographics
|
|
Manage return mail |
|
Assess / diminish
self-pay risk |
|
Formulate payment plans |
|
Identify deceased /
bankruptcy |
|
Improve collection
processes |
|
Increase cash flow |
|
Full credit report
[with SAFESCAN] |
|
ACROFILE PLUS is a consumer credit report
that provides complete credit information in a clear, concise
format. ACROFILE PLUS delivers current and
comprehensive credit information by searching a national, online
database of over 200 million consumer credit files. Straightforward
reporting format with 24-month payment history and financial totals
by trade type provides complete credit-granting decision support
that’s easy to use. Continually updated information. Advanced
database search techniques. |
|
SAFESCAN® |
|
Verify patient
demographics |
|
Manage patient fraud |
|
Identify high risk
demographics |
|
Manage return mail |
|
Increase cash flow |
|
[Included with
ACROFILE PLUS, DTEC,
ID REPORT,
FINDERS and ACCOUNT REVIEW SERVICES] |
|
SAFESCAN
is an on-line service
which compares customers' inquiry information against the Equifax national fraud system and alerts customers when potentially
fraudulent information elements are found. SAFESCAN
is a totally separate system from ACRO, Equifax's consumer credit
database. It does not refer to any particular
individual, instead, it looks at the input relevant to
the address, telephone number and/or Social Security number and when
certain elements match, SAFESCAN returns a warning. |
|
DTEC™ |
|
Verify / locate
patient demographics |
|
Manage Input errors
& patient fraud |
|
Reduce delayed
claims |
|
Skip locate tool |
|
Increase cash flow |
|
[Includes SAFESCAN] |
|
DTEC is a verification and
location service, which uses a consumer's Social Security number to
search the Equifax database to deliver identification information. |
| ID
REPORTSM |
|
Verify patient
demographics |
|
Assess / diminish
self-pay risk |
|
Manage return mail |
|
Increase cash flow |
|
[Includes SAFESCAN] |
|
ID REPORT
is the identification
section of the credit report. This report format is designed to
validate information or locate a consumer using the consumer’s name
and address to search the Equifax database when a full credit report
is not needed. |
|
FINDERS® |
|
Skip locate tool |
|
Identify deceased &
bankruptcy |
|
Improve collection
processes |
|
FINDERS®, a credit report
specifically designed for the collection industry, is a combination
of the most valuable skip-locating components of the credit report.
It offers a lower cost alternative than other forms of locate
services. |
|
ACCOUNT REVIEW SERVICES |
|
Demographic
“clean-up” of existing accounts |
|
Batch off-line
process |
|
Assess / diminish
self-pay risk |
|
Identify deceased
and bankruptcy |
|
Rank order / improve
collection processes |
|
Scoring model
options |
|
Built-in fraud / high
risk review |
|
Electronic mailbox |
|
Increase cash flow |
|
ACCOUNT REVIEW SERVICES Screens your accounts
receivables one time or periodically, using your custom criteria, or
canned criteria to identify high and low credit risks by returning
current demographic information (current address, phone if
available, SSN verification), Equifax scoring model(s), deceased flag,
bankruptcy data, and SAFESCAN fraud/high risk alerts. |
|
PAYMENT PREDICTOR FOR HEALTHCARESM |
|
Assess / diminish
self-pay risk |
|
Formulate deposit strategies |
|
Formulate equitable
payment plans |
|
Rank order / Improve
collection processes |
|
Loss forecasting
tool |
|
Increase cash flow |
|
PAYMENT
PREDICTOR FOR HEALTHCARE - By verifying identification
and providing risk assessment,
The
Payment Predictor for Healthcare
model helps set
deposits, determine actions to be taken, and reduce write-offs. |
|
EQUIFAX RECOVERY SCORE - LATE STAGESM |
|
Rank order-late
stage |
|
Improve collection processes |
|
Increase cash flow |
|
EQUIFAX
RECOVERY SCORE - LATE STAGE
is a score developed
to determine the probability of a 50% payment on an account placed
for tertiary collection (4-8 years after write-off) within one year. |
|
EQUIFAX
INCOME PREDICTOR® 2.0 |
|
Rank order-income |
|
Overlay with
financial score |
|
Improve collection processes |
|
Increase cash flow |
|
EQUIFAX
INCOME PREDICTOR 2.0
estimates an
individual’s income and then returns a specific three-digit income
value. Having individual consumer income information at the
individual customer level, versus the Census Bureau family level,
provides a cost-effective and efficient way to better prioritize
your collections. The score CANNOT be used for credit-granting
decisioning, only collection purposes where there is permissible
purpose. |
|
DATA ARCHIVE ANALYSIS |
|
Baseline for use of
scoring |
|
Compliance tool |
|
CFO loss forecasting
tool |
|
Identify / accelerate
collectible dollars |
|
Set point of service
strategies |
|
Detailed gain (odds)
charts |
|
Dedicated analyst
resource |
|
DATA
ARCHIVE ANALYSIS
- Equifax Predictive
Sciences, the analytical and modeling division of Equifax, focuses
on providing scoring solutions for point of service, in-house
collections and third party agency collections. This enables
clients to more effectively manage risk by not only identifying
which scoring model is most predictive on their account portfolio,
but by also providing a ready-to-implement score cut-off strategy
using gain (odds) charts. |
|
RE-APPEARSM |
|
Skip-locate |
|
“Close & return”
tool |
|
Continuous
monitoring |
|
Automated service |
|
Maximize collection
process |
|
RE-APPEAR -
is a passive automated
notification tool, providing consumer locate information to in-house
or agency collection professionals seeking to contact or monitor
"skipped" consumers to recover debt. Continuously monitor "flagged"
files for any activity that matches customer-defined criteria,
delivering an electronic notification within 24 hours of new
activity. |
|
PROSCRUB™ |
|
Proactive portfolio
cleansing |
|
Reduce cost / activity |
|
Identify deceased |
|
Identify bankruptcy |
|
Automated service |
|
PROSCRUB - Designed as a proactive
complement to increase the efficiencies of collection solutions,
PROSCRUB is an automated process
that scrubs portfolios, identifying deceased and bankrupt
consumers. Additional details returned beyond the presence of a
bankruptcy on file include the date a bankruptcy was filed; the
status; and the type of bankruptcy. |
|
The product descriptions and case study are available in
PDF files for downloading. You'll need to have access to Adobe Acrobat in order
to open these files. If you do not have this program, Click here to download a
free version of Abode Acrobat. |
