Making A Difference Every Day! REVENUE RESCUECost Recovery Program November 10,2011
Revenue Rescue / Intermedix• Nation’s leading Emergency Response Billing company. Bills for hundreds of clients in 19 states• Bryan Fire Department and Brazos County Volunteer Departments currently participating• Staff dedicated to fire billing and ONLY fire billing.• Assists each city in implementing it’s own custom billing policy
Emergency Response Billing• Recovery of expenses for response to incidents caused through negligence or other risky behavior.• Not necessarily limited just to collisions, but scope is determined by Client.• A way of shifting existing funding from tactical response to strategic investments, such as training, public education, and fire prevention.
Revenue Projections• Incident Types Collisions $88,260 Vehicle Fires $8,400 Hazardous Materials $30,000 Total Estimate $126,660• For 2009, Revenue Rescue received 316 submissions from BFD and collected $82,373, an average of $260.67 per submission• Average payment takes 65 days to collect. Time frame increases with the size of the invoice.
Keys To Maximum Recovery• City policy and wording of ordinance can have dramatic impact on collections.• Timeliness of submissions.• Documentation Staff is seeking direction to move forward with this program. Questions?