Creative Collection Solution Saving Calculator
See How Our Creative Collection Solutions Can Increase Cash Flow.
Instructions:Complete the fields listed under “Enter Your Numbers Here” column. Do not use decimals. To request a detailed analysis of collections and/or billing cost for your practice, please contact us today!
| Collection Services | Average Provider Using Traditional Collections | Average Provider Using Our System | Enter Your Numbers Here | Description |
|---|---|---|---|---|
| Number of Past-Due Accounts Annually | 100 | 100 | ||
| Average Outstanding Balance | $400 | $400 |
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| Total of Outstanding Balances Annually | $40,000 | $40,000 | ||
| Average Percentage of Money Recovered | 10% | 45% | 45% | |
| Annual Revenue Collected from Outstanding Accounts | $4,000 | $18,000 | ||
| Average Cost to Collect Each Account | 40% | 4% | ||
| Total Annual Cost to Collect Accounts | $1,600 | $720 | ||
| Revenue Recovered Annually! | $14,880 |
Your results are below...
| Collection Services | Traditional Collection Agency | Our Creative Collection Solutions | Description |
|---|---|---|---|
| Number of Past-Due Accounts Annually | |||
| Average Outstanding Balance | |||
| Total of Outstanding Balances Annually | |||
| Average Percentage of Money Recovered | 10% | 45% | |
| Annual Revenue Collected from Outstanding Accounts | |||
| Average Cost to Collect Each Account | 40% | 4% | |
| Total Annual Cost to Collect Accounts | |||
| Additional Revenue Collected Annually on Uncollectable Accounts Due To PRS | |||
This analysis shows that you could be earning an extra by using our Creative Collection Solutions. The report does not take into account other factors that can impact the process of collection and save you additional money.