Profit Recovery Service provided by Atlantic Revenue Management

Imagine collecting 41% of past due and slow pay accounts, guaranteed for as little as 5% of each outstanding account? If this were true, businesses and doctors would be able to collect large amounts of money that they were ready to "write off." Whether a business has hundreds of accounts or only a few, our Profit Recovery Service will accelerate their cash flow and virtually eliminate the need to turn accounts over to a traditional medical collection agency.

A Better Way to Help Collect Past Due Accounts

Traditional collection agencies can be upsetting because they give the impression to the debtor that they have been “turned in.” Businesses and Doctors love our service because we offer them professional guaranteed results that do not upset their customers like other medical collection methods.

The Profit Recovery Service delivers critical capabilities:

• A state-of-the-art mailing system for communicating with your debtors
• Effective, properly written collection letters sent on the business' or doctor's letterhead
• The impact of nonpayment leading to real consequences –Credit Bureau reporting or possible Attorney action– presented in a series of increasingly emphatic collection demands
• An efficient interface for coordinating collection efforts with an Attorney
• Compelling actions by the Attorney – a series of collection contacts and legal steps taken on your behalf
• And finally... payments are made directly to the business or doctor!

How Professional Medical Billing and Collection Works

At the crucial point in time when a business has lost dialog with its debtors (typically between 60 and 90 days), immediate action with the Profit Recovery Service produces maximum medical collection results:

Step 1: Setup of the Profit Recovery Service

The debtor is added to the system with his/her account balance. At this point the automatic system begins a series of courteous, but effective debtor collection demands using the company's own letterhead. These letters benefit from the added impact of an attorney, the credit bureau, and the agency asking debtors to pay medical bills.

Step 2: Attorney Involvement (if necessary)

If the account is still unpaid 2 weeks after the fourth contact, the business has the option to transmit it to a retained attorney assigned to them. The attorney will in turn mail a series of stronger, increasingly demanding contacts on their attorney letterhead, Attorneys can also make a series of courteous but effective, phone calls (on balances of $100 or more). If desired, the attorney will then proceed with litigation.

Step 3a: Payment

The letters instruct the debtor to send payment directly to the business throughout the process allowing doctors to receive all monies paid without the aid of a third party.

-Or- 3b: Non-Payment

If the account remains unpaid, our system will transmit the debtor data to one or more of three National Credit Reporting Bureaus at the discretion of the business.

Step 4: Account Resolution

Upon resolution of the account, our system will mail a "thank you" letter to the debtor at the discretion of the business.

Step 5: Client Reports

Each month the business will receive a detailed “Account Inventory Report” indicating all activity to date on all accounts submitted to the system. At any time, agencies will have access to our web site to obtain detailed status reports and summaries of their accounts.

Benefits of the Profit Recovery Service

• Because the collection demand is intensified and applied sooner, effectively using more powerful tools than a traditional medical collection agency can deliver, we collect more than traditional methods for much less
• Recovery is also increased because every possible legal alternative is communicated to the debtor while the account is still collectable.
• Security of funds is maintained, because the business receives all payments directly.
• Collection cost is little or nothing! The cost of the system is partially or completely offset by the savings in internal expenses.

Our unique Profit Recovery Service is hands free and provides proven results.

Clients of our medical collection agency have observed the following statistics:

• Overall Recovery to Date: 41%
• Cost for Recovery: as little as 5% – not counting internal savings

Do not settle for a traditional medical collection agency that recovers less money and charges more! Request more information and learn more about this exciting service.