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Revenue Recovery Management
is more than an average collection agency.
We are 360 degrees, in this industry.
We are pleased to announce that we have acquired PatientPaymentProcessing.com
as part of Patient Financial Services.
- Credit
- Collections
- Accounts Receivable
- Billing
- Medical Billing
- Legal Network
- International Network
- Skip-Tracing
- Field Investigation
- Asset Location
- Agency Management
Successful debt collections begin as early as possible. It is never a good idea to wait more than 90 days to begin the collections process.
Our firm customizes collection services to all entities requiring cost effective support in the management and collections of receivables. Not solely a collection resource, the management team averages 20 yrs of experience with tenured relationships with many of the Fortune 500's companies, upholding the highest standards for licensing, bonding and regulations. All employees are fully trained on the FDCPA. Client's benefit significantly on their increased return on receivables alleviating costly in-house collection procedures.
Revenue Recovery Management is taking a shine to a not-so-new method of getting people to pay their debts: online. Known as virtual debt collection, the process allows debtors to take care of what they owe without the stress or bother of dealing with harassing telephone calls or collection letters.
Instead, debtors can visit our website to work out a payment plan on their own schedule.
The method is resulting in increased collections for many companies, according to the industry.
Virtual collections have gotten popular partly because it’s the comfort of transaction online.
An industry survey found debtors preferred, 4-to-1, to handle their overdue accounts online and on their own instead of over the telephone with a real person.
From a business perspective, anything that improves on revenue gets attention, and the virtual model is moving about 10 percent of a company’s charge-offs to its revenue, according to industry leaders.
One aspect of virtual collection’s popularity is that it is available 24 hours a day. About 20 percent of users visit after the hours federal law limits collection calls to, such as those annoying dinnertime interruptions.
The landscape is changing now, and people that had previously never been behind on their payments now find themselves in the collection space…and not too happy about it. The new-age debtor, can be good revenue generators, especially when things change for the better and they are able to get back on their feet as the economy improves.
Credit Reporting to all the national bureaus.