Client Success Stories

 

Here are a few examples of how we have helped some of our previous medical billing and collections clients. Contact us to see how we can help you! 800-940-2455

Client #1

Client had three in-house FTE that they were paying $15/hour. They had an annual collections of $2 Mil. We charged them a rate of 4% of the annual collections and saved them over $34 K.

In House Salary & Benefit Costs
3 FTESalary$93,600.00
 Taxes$7,160.40
(age 35)Medical (at 50%)$9,000.00
(at 2.5%)Retirement$2,340.00
(at lowest rate)Unemployment$2,527.20
Total $114,627.60
   
Annual Collections $2,000,000
Billing Services Fees4% of Collections$80,000
   
Annual Savings $34,627

 

In addition to saving them money, we also increased their collections over 20% within the first few months of working with them.

 

 

Client #2

Client had in-house employees managing their billing and collections. After working with HRS, monthly collections were increased by 200%.

In-house CollectionsCollections By HRSMonthly Increase
$200,000$600,000$400,000

 

During the first 10 months, this led to an additional $4,000,000 in revenue.

 

 

Client #3

Client was placing accounts at an average of 102 days. After analyzing their results, we encouraged them to send their accounts at an earlier age. By reducing their average aged days by 32 days, we were able to increase their collections by 4.6%.

Average Aged DaysCollection %
10213.1%
7017.7%