| 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 of that collections
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 its clients and uses
all the resources available in the industry - from state of the art technology
and systems to advanced skip-tracing and patient billing procedures, as well
as its 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
|
