Trouble collecting your money?

Question: Do you have a debt recovery problem?
Question: Do you agree that your debts decline in value over time?

If you answered yes to these what system do you have in place to collect your money? What are the costs? What is the recovery rate?

We can help you get MORE money SOONER for MUCH LESS COST. The attached brochure will show you how WE can collect YOUR money, and why NOBODY ELSE will do this – either as well, or for as little. Is this a better alternative?

Call us TODAY for your FREE Accounts Receivable Analysis and pave the road to eliminating your debit recovery problem now and in the future!

Helping businesses achieve greater success!

RX Business Solutions
888-240-0056
www.RxBizSolutions.com



For more information on how to reduce your past due accounts receivable and give your cash flow a boost, visit the website at http://www.rxbizsolutions.com/ser_prs.php

Imagine collecting 41% of past due and slow pay accounts, guaranteed for as little as 5% of each outstanding account?

If this was true, businesses and doctors would be able to collect a large amount of money that they were ready to "write off." Whether a business has hundreds of accounts or only a few, our Profit Recovery Service will accelerate their cash flow and virtually eliminate the need to turn accounts over to a traditional collection agency.

A Better Way to Help Collect Past Due Accounts
Traditional collection agencies can be upsetting because they give the impression to the debtor that they have been “turned in.” Businesses and Doctors love our service because we offer them professional guaranteed results that do not upset their customers like other collection methods.

The Profit Recovery Service delivers critical capabilities:
A state-of-the-art mailing system for communicating with your debtors
Effective, properly written collection letters sent on the business' or doctor's letterhead
The impact of nonpayment leading to real consequences –Credit Bureau reporting or possible Attorney action– presented in a series of increasingly emphatic collection demands
An efficient interface for coordinating collection efforts with an Attorney
Compelling actions by the Attorney – a series of collection contacts and legal steps taken on your behalf
And finally, Payments are made directly to the business or doctor!

How it Works
At the crucial point in time when a business has lost dialog with their debtors, usually between 60 and 90 days, immediate action with the Profit Recovery Service will produce maximum collection results:

Step 1: Setup
The debtor is added to the system with his/her account balance. At this point the automatic system begins a series of courteous, but very effective debtor collection demands using the company's own letterhead. These letters now have the added impact of an attorney, the credit bureau and the agency threat motivating more people to pay.

Step 2: Attorney Involvement (if necessary)
If the account is still unpaid 2 weeks after the fourth contact, the business has the option to transmit it to a retained attorney assigned to them. The attorney will in turn mail a series of stronger, increasingly demanding contacts on their attorney letterhead, plus make a series of courteous but effective, phone calls (on balances of $100 or more). If desired, the attorney will then proceed with litigation if feasible.

Step 3a: Payment
The letters instruct the debtor to send payment directly to the business throughout the process allowing them to receive all monies paid without going through a third party.

-Or- 3b: Non-Payment
If the account remains unpaid, our system will transmit the debtor data to one or more of three National Credit Reporting Bureaus at the discretion of the business.

Step 4: Account Resolution
Upon resolution of the account, our system will mail a "thank you" letter to the debtor at the discretion of the business.

Step 5: Client Reports
Each month the business will receive a detailed “Account Inventory Report” indicating all activity to date on all accounts submitted to the system. At any time, they will have access to our web site where they may obtain a detailed status report and summary of their accounts.

Benefits of the Profit Recovery Service
Because the collection demand is intensified and applied sooner, using more powerful tools than a traditional agency can deliver, we collect more than traditional methods for much less
Recovery is also increased because every possible legal alternative is communicated to the debtor while the account is still collectable.
Security of funds will be maintained, because the business receives all payments directly.
Collection cost will be little or nothing! The cost of the system is partially or completely offset by the savings in internal expense.

Our unique Profit Recovery Service is hands free and provides proven results. Our clients have observed the following statistics:

Overall Recovery to Date: 41%
Cost for Recovery: as little as 5% – not counting internal savings

Do not settle for a traditional collection agency that recovers less and charges more to do it! Request more information and learn more about this exciting service.


For more information on how to reduce your past due accounts receivable and give your cash flow a boost, visit the website at http://www.rxbizsolutions.com/ser_prs.php

With our exclusive Pre-Authorized Checking you could give yourself a $50,000 raise.

As a business owner how many times have you heard, "The Check's in the Mail"

Even with the best intentions, some customers will have difficulty making payments to a business on time. Whether it is because customers cannot afford a large payment, they simply forget to make it, or any other number of excuses the bottom line is this: when a business does not get paid on time it can cause major problems. Poor cash flow is cited as the number one reason why new businesses fail. At this point a business owner has two choices, they can continue to spend a small fortune using traditional methods attempting to collect what their customers owe them, or they can switch over to one of the fastest growing methods for receiving payments today. It is called Pre-Authorized Checking™ (PAC) and now any business owner can start using it immediately to increase their company's bottom line.

Are these excuses familiar?

"Your invoice must have gotten lost in the mail."
"Did you send me a bill this month?"
"Can't you draft this from my checking account?"
"Sorry, I forgot to mail my payment."
"Let me look at my checkbook, and I will call you right back!"
"I thought it was due the 15th!"
"I've been out of town for a couple of weeks."
The reasons for untimely payments could go on and on. The number of customers paying in 30, 60, and 90 days past the due date is increasing. By using PAC, a business can reduce their receivables and help eliminate many of the collection problems before they even occur. PAC also improves customer retention by allowing your customers the option to be on an automated payment system. Studies have shown that consumers who utilize an auto pay system stay with that business in excess of 90% of the time. Business owners using PAC have also found that it helps them attract new customers by using it as an in-house payment or financing plan. This allows their customers to purchase products or services they might not otherwise be able to afford. The best news is that in most cases there are no monthly minimums, no monthly fees, and no on-going cost to the business owner. There is only a small processing fee for drafting each check. This fee can either be included in the customer payment or can be paid by the business at the owner's choice.

Here Is How It Works:
PAC ensures that your payments are received on time each month, every month. A customer simply completes the release form to sign up for the program. This form is then forward along with other completed forms to RX Business Solutions. Our processing center prints the pre-authorized checks for the agreed upon amounts and delivers them to the business on the scheduled date(s). Owners simply take the pre-authorized checks to their banks and deposit them like any normal check. Depending on the volume of accounts, RX Business Solutions can even deposit the checks for a business.

With PAC there is no computer access into a customer's checking account like a traditional ACH. Their check is simply re-created on the agreed-upon day each month for deposit into the business owner's bank account. Their pre-authorized check is noted on their monthly bank statement like any other check. This non-threatening approach makes signing up customers on PAC very easy. Because you will be in control of the checks being deposited, there is no chance for the bank to make a mistake on your customer's account. This flexibility allows you to even hold a check for a few days if necessary for your customer without any problems or fees.

There is no cost for software, hardware, phone lines, or any of the typical expenses required for electronic fund transfers by the bank.

Considering convenience, cost efficiency and excellent service, PAC is rapidly becoming one of the nation's leading methods of automatic payment processing. Major retail, utility, mortgage companies, and insurance companies have utilized this system for over 20 years! Now RX Business Solutions can make it available to any business regardless of its size.

Have Questions
See our Pre-Authorized Checking FAQ


How Much Additional Revenue Can a Business Earn?
See our PAC Revenue Calculator to learn how much annual profits can increase.
Make sure to contact us today to speak with a representative regarding this amazing new service!

Collect More Money

During a consultation with one of my clients this week, he proudly stated, "Don, our past due accounts receivable are down from over $100,000 in October to less than $30,000 at year end! I still can’t believe what a difference those simple steps made in our collection process.” Later the same day, I spoke with a prospect who told me that more than half of hiscurrent past dues were more than 120 days. “I’ve tried everything I know to try. I’m just going to have to start beating the bushes for more business or I’m not going to make it." If both continue down the same path, which one do you think will be the most successful?

My client has been very busy over the last few months taking action so he would NOT be in this position. Unfortunately, the second owner is typical of many business owners today. Complacency when things are going well can be an absolute killer. Sales were good. Profits were good. What else could you ask for? Did you realize that many businesses who closed their doors last year had record sales? Did you realize that many of them also had record profits? The difference between profits and cash flow can be the difference between success and mediocrity, or even failure. One of the worst drags on cash flow is lack of accounts receivable management. How do I know this? I have been through it personally and I learned the hard way that failure to properly manage your accounts receivable can seriously damage your bank account. I was once forced to write off more than $40,000 in receivables to two separate clients…clients that I trusted…clients that I did special favors for and let them slide when they were late. I did it because I liked them…and I trusted them. Big mistake when you let emotions cloud your judgement in the collection area. When that happened it was painful and I don't like seeing that happen to others when I know how it can be avoided.

But from all adversity, there is a lesson to be learned. Everyone needs a system for collecting accounts. A system alerts you to specific steps at specific times and takes the guesswork out of sending letters and making calls. A system uses a letter that has been proven to work again and again, a call script that has been proven to work again and again and utilizes it increase your cash flow and significantly reduce your past due accounts receivable.

To survive in business, you must always keep your finger on the cash flow pulse. Many business owners I know are so focused on sales and profits that they forget that profits don’t pay the bills…cash does. Some of the most cash flow challenged companies in the world are those that are growing the fastest. One of the best ways to keep the cash flowing is to manage your receivables with flawless consistency.

Make sure that accounts receivable management has dedicated space on your calendar every single week.

And remember, accounts receivable management is not an event. It's an ongoing process that requires regular action. It requires a plan, constant attention, and dedication. Complacency and procrastination can kill you.

For more information on how to reduce your past due accounts receivable and give your cash flow a boost, visit the website at http://www.rxbizsolutions.com/ser_prs.php

Has It Really Come To This?

No doctor ever wants to "fire" a patient. Yet with all the difficulties in running a practice (biggest headaches are on the billing side), things are getting out of hand.

http://www.jaapa.com/Terminating-your-professional-relationship-with-a-patient/article/129952/

If this office had an efficient, outsourced billing service, these types of incidents would very few and far between.


Still Have Questions
Read more in our

Electronic Medical Claims Processing FAQ

Calculate Your Potential SavingsTake a look at our EMC Savings Calculator

10 WAYS TO PREVENT AND COLLECT PAST DUE ACCOUNTS

When you've worked hard to get a sale, and then deliver your goods or services, you have a right to expect to be paid for your efforts. However, anyone who has been in business for even a month has learned that prompt payment is not always the case.

Often, accounts become seriously past due, or there are insufficient funds in your customer's account to cover his or her check. Besides becoming frustrated, here are ten steps you can take to fight bad debt losses.

#1 DEVELOP A DEFINED CREDIT AND COLLECTION POLICY
One of the major causes of overdue receivables is that the company has not defined to its customers and staff when accounts are to be paid. If customers are not educated that accounts are to be paid on time, then chances are, they'll pay late or not at all.

#2 OFFER A DISCOUNT FOR EARLY PAYMENT
Giving your customers an incentive to pay early is another way of assuring payment. While it is standard to offer a two percent discount within ten days, you can structure whatever type of discount suits your business. Then make sure that your customers know about the discounts.

#3 INVOICE PROMPTLY AND BILL REGULARLY
If you don't have a systematic invoicing and billing system, get one! You'd be surprised at how many customers delay paying simply because they haven’t been reminded. If you have to do it manually, set up a calendar "tickler file" to remind you to send out regular statements. Pick a day each (maybe the 3rd Thursday) and send out your statements. Or hire an outsourcing service to handle this for you. If you have a computer, there are software programs that can be of enormous help. Find a way to bill regularly. You can also contact MoneyQuest Corporation additional ideas.

#4 CONTACT OVERDUE ACCOUNTS MORE FREQUENTLY
There is no law that says you can contact your customers only once a month. The old adage "A squeaky door gets oiled" has a great deal of merit when it comes to collecting past due accounts from your customers. Here's a special tip: contact your late payers every 10-14 days. Doing so will greatly increase your company's cash flow.

#5 DEVELOP A SYSTEMATIC PLAN TO FOLLOW UP PAST DUE ACCOUNTS
Determine ahead of time what action you will take and at what time you will take it. Write out a visual "flow chart" of the steps you can take. Post this on your wall to remind you and your staff of what to do when you have a past due account. A sample plan might look like this for a company that has net 30 terms:

SAMPLE FOLLOW UP PLAN
DAY ACTION TO TAKE
1 Give customer opportunity to pay when
service is rendered or products delivered.
Prepare invoice with terms clearly stated.

30 Send 1st statement.

45 Make phone call/ Send letter.

60* Send 2nd statement.

75** Make phone call/ Send 2nd letter.

90 Outsource to MoneyQuest for systematic
follow-up

* Consider sending final notice at this time for service providers.
** Send to RX Business Solutions

Tip #1 - REVIEW ACCOUNTS ONCE A MONTH AND TAKE THE APPROPRIATE ACTION.
Tip #2 - GIVE YOUR CUSTOMERS THE QUALITY OF SERVICE AND MERCHANDISE TO JUSTIFY YOUR PRICES AND TERMS.

#6 USE YOUR AGING SHEET - NOT YOUR FEELINGS
Have you ever let an account age beyond the point of ever being collected because you "felt" that your customer would eventually pay? If so, you're not alone. Besides, are your terms of payment Net Eventually? While there certainly are a few isolated cases of unusual customer situations, the truth is that if you aren't being paid - someone else is being paid. That's why it's so important that you stick to your plan of systematic followup.

You'll soon know which customers intend to pay and which don't. Once you know where you stand, you can take the right action to get paid. First, you have to know where you stand.

#7 MAKE SURE YOUR STAFF IS TRAINED
If you or the members of your staff have not had any special training in bad debt recovery, get some. Not only are there specific skills involved in collecting money, there are also legal issues to consider. (If you're not aware of these laws, look for upcoming newsletters: "What's Your Legal I.Q. Regarding Collections", "Hot Water Collection Tactics That Can Get You Into Big Trouble", and "It's the Law- Fair Debt Collection Practices Act".)

Some of the skills that need to be acquired for collecting past due accounts and bad checks are:
• Dealing with difficult people
• Asking questions to get information
• Overcoming stall tactics debtors use to avoid paying
• Negotiation skills to resolve conflicts

Because collecting past due accounts is a communication skill, your collection staff could benefit from customer service and sales training.

#8 ADMIT AND CORRECT ANY MISTAKES ON YOUR PART
Sometimes your customers don't pay because they feel you've made a mistake. If you have, quickly admit it and correct it. Your customer realizes that mistakes can happen in any business. If you deny an obvious error, you'll just fan the fire of resentment your customer may already feel. When dealing with a customer who is upset over a mistake made by someone on your staff, the best thing you can do is listen to their complaint completely before making any comments. Accept the blame and diffuse the situation. If you try to ask for payment before your customer has a chance to air his complaint, you'll only compound the problem. Once you agree with him that it's your mistake, you've taken away any reason for further argument.

#9 HIRE A PROFESSIONAL
A professional collection service can motivate customers to pay in ways you simply cannot. There are different types of debt collection assistance from which you can choose. Some of your options include small claims court, collection attorneys, and collection agencies. Before using these expensive and time consuming options, consider using the services of RX Business Solutions. Your accounts can be collected for as little as 5% - no matter how much is owed or where the account is located.

#10 REMEMBER THAT NOBODY COLLECTS EVERY ACCOUNT
Even by setting up and adhering to a specific collection plan, you will probably have a few accounts that will not get collected. By identifying these accounts early, you will save yourself and your company a lot of time and energy. Even though a few accounts may slip by you, you'll find that the overall number of slow pay and no pay accounts will greatly diminish. That's a victory in itself!

ACTION TO TAKE
As you review each of these points, ask yourself these questions:
1. Which of these steps are we already successfully doing?
2. Which steps must we implement that we're not doing?
3. What should we do first to have the most impact on our situation?

Once you've settled on the answers, don't hesitate - INNOVATE!

RESOURCE INFORMATION
If you are currently experiencing accounts or checks that are aged 90 days or beyond, consider using the services of the RX Business Solutions. To receive complete information on how you can get your past due accounts collected for as little as 5% regardless of how much is owed to you or where the account is located, contact an RX Business Solutions Cash Flow Consultant for a no obligation accounts receivable analysis.

More indication that patients need help

More than ever, Americans need all the help they can get when faced with paying medical bills. We have services that can help, such as the Patient Payment Plan. Call RX Business Solutions for more details at 916-226-6940.

http://www.usatoday.com/news/health/2009-03-10-gallup-medical-bills_N.htm

View More Details on our Patient Payment Plan here!

2 more doctors leaving medicine...

If only they had talked with one of our Medical Reimbursement Specialists first...

http://atlanta.bizjournals.com/atlanta/stories/2000/06/12/story8.html

http://www.tampabay.com/news/health/article980289.ece


Problem/Solution

- Ever-rising mountains of paperwork / Our system reduces paperwork, and gets it online.
- Less time for patients / Outsourcing allows doctors to spend more time with patients.
- Deepening federal reimbursement cuts / Our RAC audit service will assure the doctor is getting paid properly.
- Workdays that typically stretch into nights / Again, outsourcing is the key to less office hours.

Learn more here!

More Doctors needing more payment solutions...

More Doctors needing more payment solutions...

http://www.gather.com/viewArticle.jsp?articleId=281474977561124&grpId=3659174697246155&nav=Groupspace


Check out some of our inovative payment solutions available here!

Healthcare Reform... our services can help!

Healthcare Reform... our services can help!

Click Here to find out how we can help!

To read more in the news click below:
http://www.dallasnews.com/sharedcontent/dws/bus/columnists/jlanders/stories/DN-landers_10bus.ART.State.Edition1.4aac1fc.html

Two Words Wal-Mart

This is big. When Wal-Mart gets in on something, you know there is a market (a real need) for it. What this means is that the retail giant is going to broaden awareness in the medical community, and doctors are going to realize even more how important it is for electronic solutions to their billing woes. Here's a key point this article fails to make: They don't mention the savings involved with outsourcing. That's where we come in. We are saving doctors TIME and Money now by handling their electronic claims and patient billing.

For more information on our outsourcing solutions click here!

To view the walmart article click below:
http://www.healthcareitnews.com/news/wal-mart-plans-jump-emr-market

More FRAUD on the rise...

Using our system, doctors are assisted in filing properly, so as to
avoid any possible Medicare audits/fines.

http://www.usatoday.com/news/health/2009-03-12-healthfraud12_N.htm

Tips for Collecting Past Due Accounts Receivable

During a consultation with one of my clients this week, he proudly stated, "Don, our past due accounts receivable are down from over $100,000 in October to less than $30,000 at year end! I still can’t believe what a difference those simple steps made in our collection process.” Later the same day, I spoke with a prospect who told me that more than half of hiscurrent past dues were more than 120 days. “I’ve tried everything I know to try. I’m just going to have to start beating the bushes for more business or I’m not going to make it." If both continue down the same path, which one do you think will be the most successful?

My client has been very busy over the last few months taking action so he would NOT be in this position. Unfortunately, the second owner is typical of many business owners today. Complacency when things are going well can be an absolute killer. Sales were good. Profits were good. What else could you ask for? Did you realize that many businesses who closed their doors last year had record sales? Did you realize that many of them also had record profits? The difference between profits and cash flow can be the difference between success and mediocrity, or even failure. One of the worst drags on cash flow is lack of accounts receivable management. How do I know this? I have been through it personally and I learned the hard way that failure to properly manage your accounts receivable can seriously damage your bank account. I was once forced to write off more than $40,000 in receivables to two separate clients…clients that I trusted…clients that I did special favors for and let them slide when they were late. I did it because I liked them…and I trusted them. Big mistake when you let emotions cloud your judgement in the collection area. When that happened it was painful and I don't like seeing that happen to others when I know how it can be avoided.

But from all adversity, there is a lesson to be learned. Everyone needs a system for collecting accounts. A system alerts you to specific steps at specific times and takes the guesswork out of sending letters and making calls. A system uses a letter that has been proven to work again and again, a call script that has been proven to work again and again and utilizes it increase your cash flow and significantly reduce your past due accounts receivable.

To survive in business, you must always keep your finger on the cash flow pulse. Many business owners I know are so focused on sales and profits that they forget that profits don’t pay the bills…cash does. Some of the most cash flow challenged companies in the world are those that are growing the fastest. One of the best ways to keep the cash flowing is to manage your receivables with flawless consistency.

Make sure that accounts receivable management has dedicated space on your calendar every single week.

And remember, accounts receivable management is not an event. It's an ongoing process that requires regular action. It requires a plan, constant attention, and dedication. Complacency and procrastination can kill you.

For more information on how to reduce your past due accounts receivable and give your cash flow a boost, visit the website at http://www.rxbizsolutions.com/ser_prs.php