CALCULATE YOUR SAVING
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!
The Average Number of Past-Due Accounts per year.
The Average amount of Outstanding Balance.
Total of Outstanding Balances Annually is the result of multiplying Number of Past-Due Accounts Annually and Average Outstanding Balance.
The Average Percentage of Money Recovered is 10% using traditional collections, however it is 45% using our system.
Annual Revenue Collected from Outstanding Accounts using our system is calculated by multiplying Total of Outstanding Balances Annually by 45%.
Average Cost to Collect Each Account is 40% using traditional collections in compare with only 4% using our collection system.
Total Annual Cost to Collect Accounts is calculated by multiplying Annual Revenue Collected from Outstanding Accounts by Average Cost to Collect Each Account.
Revenue Recovered Annually is calculated by the following formula:
( (Annual Revenue Collected from Outstanding Accounts using Our System) - (Total Annual Cost to Collect Accounts using Our System) )
-
( (Annual Revenue Collected from Outstanding Accounts using Traditional Collection System ) - (Total Annual Cost to Collect Accounts using Traditional Collection System) ).
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