Question 1: Maximizing Recovery Rate

Painful Reading

What kind of fees do you charge for your services?

Lower commission rates almost never mean more revenue!

Many agencies claim to do you a service by quoting a low commission rate on their collections.  The fact is, when this happens, you should be extremely skeptical of the quality service you will get from that collection agency.  Collection agencies that provide the highest and most effective services are committed to continuously improving and developing their operations through investment in quality.

PRC prides itself on maximizing its recovery rate for it's Clients and uses all the resources available in the industry - from state-of-the-art technology and systems to advanced skip-tracing, as well as it's commitment to hiring and retaining only the finest collection associates.  This business philosophy has allowed PRC to consistently out-perform the competition in competitive placement situations.

This commitment to performance means added revenue to your bottom line.

For example, take the following scenario from an actual PRC client:

Agency

Monthly Placements

Recovery Rate

Gross Collections

Gross X 12

Commission Rate

Agency Fees

Net to Hospital

PRC

$893,532

13.67%

$122,146

$1,360,704

22%

$322,465

$1,143,285

Agency X

$893,532

12%

$107,224

$1,194,480

20%

$257,337

$1,029,349

Agency Y

$893,532

11%

$98,289

$1,094,940

18%

$212,303

$882,637

As you can see by this actual example from a Client, low rates can COST you money in some circumstances.  In this case, it cost the Client $374,584 in ONE YEAR because they didn't have 100% of placements with PRC!  PRC understands that among other things, producing the highest net back return is the most important factor, not the lowest rate.  Agencies that offer low rates, do so to get your business, then you pay for it in the long run because they can not devote the resources to your accounts that maximizes return.  Don't be fooled.  While we offer extremely competitive rates, we strive to be the low risk provider, not the low cost provider.