Components> Credit reporting and credit scoring

Credit reporting and credit scoring

  Passport’s credit verification tools, credit reporting and credit scoring, help healthcare organizations identify patients who may be a credit risk. This allows providers to maximize collections by focusing efforts on accounts with the greatest collection recovery potential. Credit reporting and credit scoring returns concise, comprehensive demographic information as well as extensive credit collection and public record data. This data allows staff to make informed decisions about collections and payment plans.

Benefits

  • Returns a comprehensive credit history formatted for easy use.
  • Contains four distinct categories:
     - Indicative information
     - Payment history
     - Public record information
     - Inquiry information
  • Reduces bad-debt exposure
  • Assists in determining the patient’s ability to pay
  • Allows facilities to structure appropriate payment plans
  • Returns a customized score and a snapshot of all activity on a patient’s credit report
  • Displays a total file history or a 12-month file history
  • Provides a customized scoring model developed for all organizations

Download credit reporting and credit scoring PDF
 

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