Profit Recovery
If a clinic goes down the "collection agency" route, it is most probable that they have already resigned themselves to the sad truth of never actually collecting the patient balance. That is because it is well-known that the percentage of patient outstanding collected decreases geometrically as the time increases. Also, a substantial amount of the final sum eked out of the patients has to be paid to the collection agencies themselves (nearly 50% in some cases), that it is as good as collecting nothing.
That is why at Med-Billing Solutions we have come up with a service that would serve as your first and last line of defense against increasing uncollected patient balances. It is because we understand that strong-arm tactics and coercion might never pay off in this line of business, but only a continuous dialog between the creditor and the debtor, right from the initial phase of the transaction would yield the requisite dividends.
How Does MaxCollect Work?
- In-House letters
- Phone call PAST DUE NOTICE DELINQUENT. (NOTICE SERIOUSLY, PAST DUE FINAL DEMAND! If still unpaid, account is forwarded to your Attorney for review and action.
- ATTORNEYLETTERS
- ATTORNEYPHONE CALLS
- LITIGATION
- Credit Bureau
Your Attorney sends out three letters on your behalf.
Your Attorney will make Attorney Demands and phone calls for larger debts. If debt is notresolved to your satisfaction, your
Attorney may litigate on your behalf. If account remains unpaid, you may choose to report debtor to national credit bureaus.
Why does MaxCollect Work so Well?
Why does MaxCollect Collect More?
- It gives creditors more and stronger tools than collection agencies — real threats of harm to credit and of legal action.
- Debtors are contacted earlier in the aging cycle, when they are innately more likely to pay … so it HAS to collect more.
Why does MaxCollect Collect Faster?
- There is a greater impact on debtors.
- All the money goes directly to you … so it HAS to collect faster.
Why does MaxCollect Cost Less?
- Because, with automation and high volume, we are able to perform our services for less……...as little as 5% based on your aging timing with
- Our historical results….A Recovery Rate 3 times greater than the average traditional collection agency 40% vs. 10%)
- To learn more call us at Med-Billing Solutions @ 805-229-1698 or by clicking on our Request Link
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