Getting cash back quicker to keep our City, County, State and Federal Governments with a positive cash flow, SettleMed provides those constituents that avoid paying or feel that because of a change in financial circumstances they cannot pay today what they owe, an opportunity to honor their obligation by providing a venue to make an offer to avoid hiding from their responsibility.
Use SettleMed to keep your recovery costs down on those individuals or businesses that have made no responses to your previous requests before you place your accounts for collection with an attorney or agency saving the tax payers those costs.
SettleMed's interactive solution will engage the consumer and provide you with recoveries on those accounts that would have been sent to a Collection Agency, Attorney or Debt Buyer providing you with a much better return and cost savings.
making it easy for consumers to pay
SettleMed makes it easy for consumers to settle and pay a negotiated and agreed amount owed. It delivers a simple, personalized experience that unlocks consumers’ willingness and ability to pay their bills by delivering a “retail” experience that is confidential, convenient, and easy to use.
Proven consumer marketing and online shopping techniques, combined with proprietary online negotiation technology, generates more revenue dollars throughout the revenue cycle, at a lower cost than traditional solutions, and maintains goodwill.
a simple consumer friendly approach
Engage Early in the Revenue Cycle
SettleMed can be deployed at any time during the revenue cycle process:
- Starting as early as the default occurs when the recovery potential is the greatest or;
- Pre Collection as a final attempt to enable consumers to pay before the account is written-off or converted to bad debt and moved to collections or;
- During the Collection Process as a means of simple and easy consumer outreach enabling reducing costs and improving returns
Provide ”Opt-In” Incentives
SettleMed engages consumers, using a positive marketing approach and incentives that appeal to modern consumer values.
Put the Consumer in Control
Consumers are able to access their $ettleMed account online anytime from the privacy of their own home, settle and pay online or call the SettleMed Customer Service Center.Let us provide you some suggestions on how to use SettleMed to maximize your returns. Contact us and we will be glad to explain in detail how we can help you improve recoveries and reduce your collection cost.