Profit Recovery Service - Soft Collections
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Profit Recovery Service - Soft Collections

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Would you spend a nickel to get a dollar?

Would you spend a nickel to get a dollar?
Of course you would. Now I can show you how you can turn a nickel into a dollar in your business with our MaxCollect Profit Recovery Service.

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  • Outsourcing solution for accounts receivable and NSF checks Fees for client as little as 5% Far less than other options charging up to 50% Average three times more $$$ recovered than collection agencies Faster recovery of funds No alienation of patients or customers

Profit Recovery Service - Soft Collections Profit Recovery Service - Soft Collections Presentation Transcript

  • The Outsourcing Solution For Accounts Receivables Payment Automation Network, Inc. In partnership with
  • MaxCollect TM Service Outsourcing Solution Automated Low Fee Higher Recovery Faster Recovery Customer/Patient Retention
  • Understanding Past Due Accounts
  • How Your Money Depreciates Account Aging in Days PERCENTAGE Based on U.S. Dept. of Commerce Statistics
  • Status Reports
  • 29% Recovery Rate Average Age 302 Days
  • 54% Recovery Rate Average Age 105 Days
  • What Are The Alternatives? In House Legal Action Write Off Collection Agency
  • In House
    • Costly
    • Inconsistent
    • Time Consuming
  • Legal Action - Hire An Attorney
    • Legal Action
    • Costly
    • Judgment
    • Small Claims Court
  • Write Off
    • No More Costs
    • No More Recovery
    • “ Easy” Reputation
  • Collection Agency
    • Lost Customers
    • Limited Recovery
    • Expensive
  • The Solution -MaxCollect ™ Written Communications Automated Telephone Call Attorney Credit Bureau Reporting
  • Online Portal
      • Online Portal to MoneyQuest
        • Add and Update
  • Up to Four Letters Sent From the Client Neither MoneyQuest Nor MaxCollect is mentioned in the letters
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  • Automated Telephone Call
  • 3 Attorney Letters Sent
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  • Attorney Contacts
    • Call Placed
    • Caller ID
    • “ Attorney at Law”
    • Final AT- Demand
  • Litigation
    • Arrange with attorney
    • Contingency plus court costs
  • Credit Bureau Reporting
    • Unpaid Accounts Reported
    • Interface Maintained
  • What are Your Results? Collection Agency MaxCollect TM 14% 34% 9% 41% 10% 37% Based on average recovery and age placed for each alternative ...
  • Why Does MaxCollect Perform Better Than Other Options? TOOLS TIME FACTOR DIRECT PAYMENT LOW FEE
  • Client Fees – The System Written Communications Automated Telephone Call Attorney Credit Bureau Reporting
  • One Time - Setup Fee
    • $495
      • Web based input and reporting system
      • Retains Attorney
      • Credit Bureau Reporting
      • Staff Training
      • Customer Support
  • Processing Fee
    • $12.95 per account
    • 7 letters every 14days
    • Thank You Letter
    • Auto Phone Calls
    • Offset by Delinquent Billing Fee
  • Time Driven Fee Schedule Days/Aging 1-60 61-120 121-180 181-365 366-731 Attorney Fee Percent 5% 10% 15% 20% 25% Phone, etc. 25% Litigation 35%
  • Convenient Monthly Billing
    • Account Processing
    • Client Receives Payment
    • Stop Action
    • Billed Resolution Fee
  • Customer Service
    • Web Based 24/7 Access
    • Initial Call to Review
    • Periodic Contact
    • Printed and Online Help
  • Features that Benefit Health Care Providers
    • Website – Password Protected 24/7
    • No Software Needed
    • Detailed Reporting and Sorting
    • Easy Submission and Easy Reporting Payments
  • Features that Benefit Health Care Providers
    • Settle an Account – No % Penalty
    • Recall an Account – No % Penalty
    • Short Hold an Account – No Tickler File Necessary
    • Additional debt while in Process
  • Features that Benefit Health Care Providers
    • Aging based on Last Financial Activity
    • Maintaining Relationships – 30-60-90days
    • Thank You Letter – Maintain Patient
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  • Collection Agencies vs. MaxCollect ™
    • Collection Agencies
      • High Cost – from 30% to 50%
      • Accounts skimmed, based on balances
      • Loss of Control – agency receives payment
      • Lack of detailed reporting to client
      • Limited recovery due to lack of impact – no implied harm to credit
      • Loss of customers – most are offended
    • MaxCollect ™
      • Much Lower Cost – low as 5%
      • All accounts worked equally, regardless of amount
      • All money paid directly to the client
      • Detailed monthly reports; access 24/7 on website
      • Increased recovery with credit bureau, attorney letters, phone calls, litigation
      • Maintain customer relations by sending “Thank You” letter
  • The Next Step
    • Contact Payment Automation Network, Inc. to sign up for the service
    • Complete the paperwork
      • Agreement
      • Attorney Retainer
    • Issue check for $495 to MoneyQuest Corp
    • Start recovering past due accounts
  • Payment Automation Network, Inc.
    • Call toll free 800-813-3740
    • Email [email_address]
    • Visit us on the web www.PaymentAutomation.net