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 <ul><li>Costly </li></ul><ul><li>Inconsistent </li></ul><ul><li>Time Consuming </li></ul>
Legal Action - Hire An Attorney <ul><li>Legal Action </li></ul><ul><li>Costly </li></ul><ul><li>Judgment </li></ul><ul><li...
Write Off <ul><li>No More Costs </li></ul><ul><li>No More Recovery </li></ul><ul><li>“ Easy” Reputation </li></ul>
Collection Agency <ul><li>Lost Customers </li></ul><ul><li>Limited Recovery </li></ul><ul><li>Expensive </li></ul>
The Solution -MaxCollect ™   Written Communications Automated Telephone Call Attorney Credit Bureau Reporting
Online Portal <ul><ul><li>Online Portal to MoneyQuest </li></ul></ul><ul><ul><ul><li>Add and Update </li></ul></ul></ul>
Up to Four Letters Sent From the Client Neither MoneyQuest Nor MaxCollect is mentioned in the letters
 
 
 
 
Automated Telephone Call
3 Attorney Letters Sent
 
Attorney Contacts <ul><li>Call Placed </li></ul><ul><li>Caller ID </li></ul><ul><li>“ Attorney at Law” </li></ul><ul><li>F...
Litigation <ul><li>Arrange with attorney </li></ul><ul><li>Contingency plus court costs </li></ul>
Credit Bureau Reporting <ul><li>Unpaid Accounts Reported </li></ul><ul><li>Interface Maintained </li></ul>
What are Your Results? Collection Agency MaxCollect TM 14%  34% 9% 41% 10% 37% Based on average recovery and age placed fo...
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 <ul><li>$495 </li></ul><ul><ul><li>Web based input and reporting system  </li></ul></ul><ul><ul><li>R...
Processing Fee <ul><li>$12.95 per account </li></ul><ul><li>7 letters every 14days </li></ul><ul><li>Thank You Letter </li...
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...
Convenient Monthly Billing <ul><li>Account Processing </li></ul><ul><li>Client Receives Payment </li></ul><ul><li>Stop Act...
Customer Service   <ul><li>Web Based 24/7 Access </li></ul><ul><li>Initial Call to Review </li></ul><ul><li>Periodic Conta...
Features that Benefit Health Care Providers <ul><li>Website – Password Protected 24/7 </li></ul><ul><li>No Software Needed...
Features that Benefit Health Care Providers <ul><li>Settle an Account – No % Penalty </li></ul><ul><li>Recall an Account –...
Features that Benefit  Health Care Providers <ul><li>Aging based on Last Financial Activity </li></ul><ul><li>Maintaining ...
 
 
 
 
 
 
 
 
 
 
 
 
Collection Agencies vs. MaxCollect ™ <ul><li>Collection Agencies </li></ul><ul><ul><li>High Cost –  from 30% to 50% </li><...
The Next Step <ul><li>Contact Payment Automation Network, Inc. to sign up for the service </li></ul><ul><li>Complete the p...
Payment Automation  Network, Inc. <ul><li>Call toll free  800-813-3740 </li></ul><ul><li>Email  [email_address]   </li></u...
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Profit Recovery Service - Soft Collections

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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

    1. 1. The Outsourcing Solution For Accounts Receivables Payment Automation Network, Inc. In partnership with
    2. 2. MaxCollect TM Service Outsourcing Solution Automated Low Fee Higher Recovery Faster Recovery Customer/Patient Retention
    3. 3. Understanding Past Due Accounts
    4. 4. How Your Money Depreciates Account Aging in Days PERCENTAGE Based on U.S. Dept. of Commerce Statistics
    5. 5. Status Reports
    6. 6. 29% Recovery Rate Average Age 302 Days
    7. 7. 54% Recovery Rate Average Age 105 Days
    8. 8. What Are The Alternatives? In House Legal Action Write Off Collection Agency
    9. 9. In House <ul><li>Costly </li></ul><ul><li>Inconsistent </li></ul><ul><li>Time Consuming </li></ul>
    10. 10. Legal Action - Hire An Attorney <ul><li>Legal Action </li></ul><ul><li>Costly </li></ul><ul><li>Judgment </li></ul><ul><li>Small Claims Court </li></ul>
    11. 11. Write Off <ul><li>No More Costs </li></ul><ul><li>No More Recovery </li></ul><ul><li>“ Easy” Reputation </li></ul>
    12. 12. Collection Agency <ul><li>Lost Customers </li></ul><ul><li>Limited Recovery </li></ul><ul><li>Expensive </li></ul>
    13. 13. The Solution -MaxCollect ™ Written Communications Automated Telephone Call Attorney Credit Bureau Reporting
    14. 14. Online Portal <ul><ul><li>Online Portal to MoneyQuest </li></ul></ul><ul><ul><ul><li>Add and Update </li></ul></ul></ul>
    15. 15. Up to Four Letters Sent From the Client Neither MoneyQuest Nor MaxCollect is mentioned in the letters
    16. 20. Automated Telephone Call
    17. 21. 3 Attorney Letters Sent
    18. 23. Attorney Contacts <ul><li>Call Placed </li></ul><ul><li>Caller ID </li></ul><ul><li>“ Attorney at Law” </li></ul><ul><li>Final AT- Demand </li></ul>
    19. 24. Litigation <ul><li>Arrange with attorney </li></ul><ul><li>Contingency plus court costs </li></ul>
    20. 25. Credit Bureau Reporting <ul><li>Unpaid Accounts Reported </li></ul><ul><li>Interface Maintained </li></ul>
    21. 26. What are Your Results? Collection Agency MaxCollect TM 14% 34% 9% 41% 10% 37% Based on average recovery and age placed for each alternative ...
    22. 27. Why Does MaxCollect Perform Better Than Other Options? TOOLS TIME FACTOR DIRECT PAYMENT LOW FEE
    23. 28. Client Fees – The System Written Communications Automated Telephone Call Attorney Credit Bureau Reporting
    24. 29. One Time - Setup Fee <ul><li>$495 </li></ul><ul><ul><li>Web based input and reporting system </li></ul></ul><ul><ul><li>Retains Attorney </li></ul></ul><ul><ul><li>Credit Bureau Reporting </li></ul></ul><ul><ul><li>Staff Training </li></ul></ul><ul><ul><li>Customer Support </li></ul></ul>
    25. 30. Processing Fee <ul><li>$12.95 per account </li></ul><ul><li>7 letters every 14days </li></ul><ul><li>Thank You Letter </li></ul><ul><li>Auto Phone Calls </li></ul><ul><li>Offset by Delinquent Billing Fee </li></ul>
    26. 31. 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%
    27. 32. Convenient Monthly Billing <ul><li>Account Processing </li></ul><ul><li>Client Receives Payment </li></ul><ul><li>Stop Action </li></ul><ul><li>Billed Resolution Fee </li></ul>
    28. 33. Customer Service <ul><li>Web Based 24/7 Access </li></ul><ul><li>Initial Call to Review </li></ul><ul><li>Periodic Contact </li></ul><ul><li>Printed and Online Help </li></ul>
    29. 34. Features that Benefit Health Care Providers <ul><li>Website – Password Protected 24/7 </li></ul><ul><li>No Software Needed </li></ul><ul><li>Detailed Reporting and Sorting </li></ul><ul><li>Easy Submission and Easy Reporting Payments </li></ul>
    30. 35. Features that Benefit Health Care Providers <ul><li>Settle an Account – No % Penalty </li></ul><ul><li>Recall an Account – No % Penalty </li></ul><ul><li>Short Hold an Account – No Tickler File Necessary </li></ul><ul><li>Additional debt while in Process </li></ul>
    31. 36. Features that Benefit Health Care Providers <ul><li>Aging based on Last Financial Activity </li></ul><ul><li>Maintaining Relationships – 30-60-90days </li></ul><ul><li>Thank You Letter – Maintain Patient </li></ul>
    32. 49. Collection Agencies vs. MaxCollect ™ <ul><li>Collection Agencies </li></ul><ul><ul><li>High Cost – from 30% to 50% </li></ul></ul><ul><ul><li>Accounts skimmed, based on balances </li></ul></ul><ul><ul><li>Loss of Control – agency receives payment </li></ul></ul><ul><ul><li>Lack of detailed reporting to client </li></ul></ul><ul><ul><li>Limited recovery due to lack of impact – no implied harm to credit </li></ul></ul><ul><ul><li>Loss of customers – most are offended </li></ul></ul><ul><li>MaxCollect ™ </li></ul><ul><ul><li>Much Lower Cost – low as 5% </li></ul></ul><ul><ul><li>All accounts worked equally, regardless of amount </li></ul></ul><ul><ul><li>All money paid directly to the client </li></ul></ul><ul><ul><li>Detailed monthly reports; access 24/7 on website </li></ul></ul><ul><ul><li>Increased recovery with credit bureau, attorney letters, phone calls, litigation </li></ul></ul><ul><ul><li>Maintain customer relations by sending “Thank You” letter </li></ul></ul>
    33. 50. The Next Step <ul><li>Contact Payment Automation Network, Inc. to sign up for the service </li></ul><ul><li>Complete the paperwork </li></ul><ul><ul><li>Agreement </li></ul></ul><ul><ul><li>Attorney Retainer </li></ul></ul><ul><li>Issue check for $495 to MoneyQuest Corp </li></ul><ul><li>Start recovering past due accounts </li></ul>
    34. 51. Payment Automation Network, Inc. <ul><li>Call toll free 800-813-3740 </li></ul><ul><li>Email [email_address] </li></ul><ul><li>Visit us on the web www.PaymentAutomation.net </li></ul>

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