The Outsourcing Solution For Accounts Receivables

Payment Automation Network, Inc.

In partnership with

MaxCollectTM Service

Outsourcing Solution

Automated

Low Fee

Higher Recovery

Faster Recovery

Customer/Patient Retention

Understanding Past Due Accounts

How Your Money Depreciates

0

10

20

30

40

50

60

70

80

90

30 90 150 210 270 330

0

10

20

30

40

50

60

70

80

90

30 90 150 210 270 330

Account Aging in Days

PE

RC

EN

TA

GE

Based on U.S. Dept. of Commerce StatisticsBased on U.S. Dept. of Commerce Statistics

Status Reports

29% Recovery

Rate

Average Age

302 Days

54% Recovery

Rate

Average Age

105 Days

What Are The Alternatives?

In HouseIn HouseLegal ActionLegal Action

Write OffWrite Off Collection Collection AgencyAgency

In House

• Costly

• Inconsistent

• Time Consuming

Legal Action - Hire An Attorney

• Legal Action

• Costly

• Judgment

• Small Claims Court

Write Off

• No More Costs

• No More Recovery

• “Easy” Reputation

Collection Agency

• Lost Customers

• Limited Recovery

• Expensive

The Solution -MaxCollect™ Written Communications

Automated Telephone Call

Attorney

Credit Bureau Reporting

Online Portal

Online Portal to MoneyQuest• Add and Update

Up to Four Letters Sent

From the Client

Neither MoneyQuestNor MaxCollect is

mentioned in the letters

Automated Telephone Call

3 Attorney Letters Sent

Attorney Contacts

• Call Placed

• Caller ID

“Attorney at Law”

• Final AT- Demand

Litigation

• Arrange with attorney

• Contingency plus court costs

Credit Bureau Reporting

• Unpaid Accounts Reported

• Interface Maintained

What are Your Results?

0

10

20

30

40

50

60

Gross RecoveryCollection CostNet Recovery

Collection Agency MaxCollectTM

14%

34%

9%

41%

10%

37%

Based on average recovery and age placed for each alternative ...

Why Does MaxCollect Perform Better Than Other Options?

TOOLS

TIME FACTOR

DIRECT PAYMENT LOW FEE

Client Fees – The System Written Communications

Automated Telephone Call

Attorney

Credit Bureau Reporting

One Time - Setup Fee

$495– Web based input and

reporting system

– Retains Attorney

– Credit Bureau Reporting

– Staff Training

– Customer Support

Processing Fee

• $12.95 per account

• 7 letters every 14days

• Thank You Letter

• Auto Phone Calls

• Offset by Delinquent Billing Fee

Time Driven Fee Schedule

Days/Aging 1-60 61-120 121-180 181-365 366-731 Attorney

Fee Percent

5% 10% 15% 20% 25% Phone, etc. 25%

Litigation 35%

Convenient Monthly Billing

• Account Processing

• Client Receives Payment

• Stop Action

• Billed Resolution Fee

Customer Service

• Web Based 24/7 Access

• Initial Call to Review

• Periodic Contact

• Printed and Online Help

Features that BenefitHealth Care Providers

• Website – Password Protected 24/7

• No Software Needed

• Detailed Reporting and Sorting

• Easy Submission and Easy Reporting Payments

Features that BenefitHealth Care Providers

• Settle an Account – No % Penalty

• Recall an Account – No % Penalty

• Short Hold an Account – No Tickler File Necessary

• Additional debt while in Process

Features that Benefit Health Care Providers

• Aging based on Last Financial Activity

• Maintaining Relationships – 30-60-90days

• Thank You Letter – Maintain Patient

Collection Agencies vs. MaxCollect™

• Collection Agencies1. High Cost – from 30% to

50%2. Accounts skimmed, based

on balances3. Loss of Control – agency

receives payment4. Lack of detailed reporting to

client5. Limited recovery due to lack

of impact – no implied harm to credit

6. Loss of customers – most are offended

• MaxCollect ™1. Much Lower Cost – low as

5%2. All accounts worked equally,

regardless of amount3. All money paid directly to the

client4. Detailed monthly reports;

access 24/7 on website5. Increased recovery with

credit bureau, attorney letters, phone calls, litigation

6. Maintain customer relations by sending “Thank You” letter

The Next Step

• Contact Payment Automation Network, Inc. to sign up for the service

• Complete the paperwork – Agreement– Attorney Retainer

• Issue check for $495 to MoneyQuest Corp

• Start recovering past due accounts

Payment Automation Network, Inc.

• Call toll free 800-813-3740

• Email info@PaymentAutomation.net

• Visit us on the web www.PaymentAutomation.net