Transworld has consistently recovered more than the national average for collections agencies, recovering over $700 million last year for more than 60,000 clients. They use a three phase approach that begins with optimizing in-house collection efforts, followed by using Transworld for in-house collections, and then conventional collection methods if needed. Transworld guarantees accounts will be contacted every 10-14 days and has an average recovery rate of 56% at a cost of 7 cents per dollar recovered.
5. MGMA Alliance Serving our 10th year as an MGMA AdminiServe Partner TSI is the only profit recovery company in this preferred supplier network of 12 Peer Reviewed by HFMA After undergoing rigorous review, GreenFlag Profit Recovery now features the notable "Peer Reviewed by HFMA" mark.
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7. Conventional Collection Approach According to the Dartnell Institute, the average cost of working an account internally over a six month period is $31.60 per account. Phase 1: In-House Efforts 1 Phase 2: Percentage Collection Agency 2 Statement Phone Call Letter #3 Statement Phone Call Letter #2 Statement Phone Call Letter #1 Statement Phone Call Statement Phone Call Statement 150 Days 120 Days 90 Days 60 Days 30 Days Current 30-50% Contingency Conventional Collection Agency or legal action 180 Days
8. GreenFlag Three Phase Approach PHASE ONE: Optimize In-House Efforts PHASE TWO: In-House Use of Third Party (GreenFlag) 1 2 PHASE THREE: Conventional Collection Methods 3
9. GreenFlag Three Phase Approach Fixed fee averaging less than $10 per account. The client controls the process. Limit internal efforts to less than $11 per account We contact the slow paying accounts every 10-14 days, at the clients direction. Making up to 5 contacts, each progressively stronger. Phase One: Optimize In-House Efforts Phase Two: In-House Use of Third Party (GreenFlag) Phase Three: Conventional Collection Methods 1 2 3 Statement Phone Call Statement Phone Call Statement 60 Days 30 Days Current 118 Days 104 Days 146 Days 132 Days 90 Days 30-50% Contingency Credit Management Services 180 Days
18. Official Price List Effective January 1, 2009 All Systems are given 24 months to use the service. 1,325.00 13.25 100 3,125.00 12.50 250 5,495.00 10.99 500 9,990.00 9.99 1,000 23,750.00 9.50 2,500 43,750.00 8.75 5,000 77,500.00 7.75 10,000 108,750.00 7.25 15,000 168,750.00 6.75 25,000 312,500.00 6.25 50,000 449,250.00 5.99 75,000 575,000.00 5.75 100,000 825,000.00 5.50 150,000 1,050,000.00 5.25 200,000 Total Investment Cost per Account Number of Accounts
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20. Official Price – Monthly Usage 699.50 14.99 50 2 1,225.00 13.25 100 4 2,875.00 12.50 250 10 5,250.00 10.99 500 20 9,500.00 9.99 1,000 40 22,475.00 9.50 2,500 100 42,500.00 8.75 5,000 200 75,000.00 7.75 10,000 400 104,850.00 7.25 15,000 600 162,500.00 6.75 25,000 1000 299,500.00 6.25 50,000 2000 431,250.00 5.99 75,000 3000 550,000.00 5.75 100,000 4000 787,500.00 5.50 150,000 6000 998,000.00 5.25 200,000 8000 Total Investment Cost per Account Total Number of Accounts (24 months) Appx. Number of Accounts per Month