UltraCollectionScore™
PredictiveMetrics (PMI) understands that your time, money, and collection success are important to your liquidation rates and developed UltraCollectionScore meet this demand .
Advantages of the UltraCollectionScore are two fold. While others report just a collection score, we produce two scores on all debts - traditional probability that a debt will be paid in a given amount of time, while the second is unique in predictin the amount that will be paid. The combination of receiving a payer score and dollar score as well as, the advanced reporting PMI provides, gives a company a superior tool for ranking a debt, while allotting collection resources and personnel most effectively.
UltraCollectionScore
is an empirically derived, multivariate statistical model that was developed by using payment behavior specific to the charged-off bad debt being collected.
PMI
applied proprietary statistical techniques to more than 10 million observations and blended it with socio-economic and demographic data.
PMI
supplies this data. The vast pool of observations allows you to segment a portfolio based on the type of debt and placement status. No bureau data is required to produce these accurate scores.
Your own internal placement data is applied, resulting in several advantages:
- The data is readily available and it’s free
- Proven to be a much more powerful predictor of collection success than scores based merely on bureau data
- The information is specific to the type of medical debt, age and balance
- Ability to predict expected dollar value and payers
The output of the model is a score that is used to rank order accounts to apply different collection strategies based upon cost, effort and impact. UltraCollectionScore is implemented on PMI’s system and file transfer occurs through encrypted FTP.
Benefits of UltraCollectionScore
- Maximize liquidation rates by using a dollar and payer score to rank order collections
- Prioritize and segment collections based on cost, effort and expected
- Reduce collection costs and collection time
- Streamline operations, making better use of your internal resources
- Increase collections by using a score that reflects your debt type
PMI offers a FREE VALIDATION ANALYSIS of UltraCollectionScore to provide mathematical proof that the score determines the probability of payment and amount to be collected.
For more information contact Consumer Sales
