Financial Management
Debt Collection Center Services
The FMS provides a full range of state-of-the-art debt management and
collection services covering virtually all types of receivables. Services
include account maintenance, referring delinquent accounts to commercial
debt collection agencies, reporting debts to credit reporting agencies,
collaboration with the Department of Justice for enforced collection,
and the use of the Department of the Treasury Offset Program (TOP) to
successfully collect overdue accounts. The PSC is a Treasury-designated
Debt Collection Center: one of only two government wide.
Performance Standards:
Will refer delinquent debts to the Treasury Offset Program (TOP) within
180 days of the date of delinquency (assumes proper due diligence).
Will refer eligible health professions debts to the Office of the
Inspector General for exclusion from participation in Medicare within
60 days of request by the Department of Justice.
Will issue Form 1099c, cancellation of indebtedness, to eligible health
profession debtors and report the written-off debt to the IRS (due dates
vary by tax year)
Will deposit all collections to the Department of the Treasury within
24 hours of receipt.
| Availability: |
FMS
due diligence services (notification and duration) are available to
all Federal Government. FMS full scope debt management services are
available to DHHS only. |
| Service
Fee : |
$176.79
per hour (Debt Collection Center costs are offset against collections
to the extent provided by law. Costs not offset against
collections are charged to customers based on labor hours and d irectly
related overhead devoted to the specific portfolio).
|
| Point
of Contact: |
Don
Pooton |
| Phone: |
(301)
443-9237 |
| E-mail: |
Dpooton@psc.gov |
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Last revised:
October 17, 2003
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