Addison Duling

A Breath of Fresh Air: IC System Accounts Receivable

Some jobs are not glamorous, yet they are vitally important to the health of our economy. It’s important that such jobs be done ethically and with respect for all affected.

IC System provides ethical accounts receivable services, debt collection if you will. To do this difficult job well requires sound values and extensive experience to step through the legal and cultural mine fields of debt collection. IC System is a third-generation, family-owned business founded in 1938, so the experience is there, as are the values passed down from founders Ruth and Jack Erickson all those years ago.

Among their core values are treating people with respect, doing the right thing even when it’s not the easy thing — integrity, getting things done efficiently, taking pride in what they do, and staying up-to-date technologically (Crunchbase).

IC System is a nationally-licensed company, they can collect your accounts receivable no matter where your company is located in the US or its territories. This is especially important in our increasingly mobile society. Agencies that are not nationally licensed and/or bonded, often find themselves at a disadvantage, as patients who skip often move to states where those agencies are not authorized to act. You could even find your own company at risk if an agency you’ve hired, subsequently attempts to collect in a state or territory in which they are not authorized to operate.

IC System takes seriously both compliance and data security. On the compliance side IC System operates a thorough Compliance Risk Management System (CRMS). They employ a Director of Internal Audit and maintain an Internal Audit Department.

On the data security front, IC System complies with the very stringent PCI DSS Payment Card Industry Data Security Standard version 3.2, and not just in the department handling card payments, but across the whole of their network. Of course they also comply with the requirements of HIPAA/HITECH, the Financial Services Modernization Act of 1999, the FTC Red Flags Rule, and ISO 27002. Do you need to take IC System’s word for this? No. They’ve been audited by FRSecure, an independent third-party specialist auditor.