I use a billing service today. How is XPS CashFlow Recovery different than my current vendor?
A CashFlow Recovery is a service that allows a patient to pay their balance due, over an extended period of time. CashFlow Recovery bills the patient on a monthly basis and establishes the minimum amount due at 5% of the outstanding balance on that statement. The patient can pay any amount that fits within their household budget as long is it is 5% or more of the balance. Most billing services handle paid in full payments or set up customers on fixed payment schedules. CashFlow Recovery can handle billings at the beginning of the collection cycle or once the patient has proven they do not have the household funds to pay the bill. CashFlow Recovery steps in as an alternative to sending the patient to collections or writing the receivable off as a bad debt. CashFlow Recovery Empowers the Patient to Stay and Pay.
