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How Much Does it Cost To Hire a Collection Agency?

March 14, 2017

What if we told you, nothing?! Did we pique your interest?

Business managers need solutions to get overdue accounts paid. But of course you don’t want to incur additional costs to track down late payments. So many managers considering it for the first time want to know: how much does it cost to hire a collection agency?

The good news is that PRC (Revco Solutions), Inc. works most of our clients’ accounts on a contingency fee only basis. No collections: no fee. In other words, if we don’t collect, you don’t pay.

How Collection Agencies Work

Collection agencies work in a variety of ways and some only take on certain types of projects. Agencies who charge contingency fees generally charge based on how much money is being collected and how old the debt is. You’ll get a better deal (and a much higher chance of collecting) if you turn over collections to your agency within 90 to 120 days.

PRC (Revco Solutions) offers both fee programs: upfront and contingency-only. We will help you with both short-term projects or permanent solutions. Some clients qualify for our Small Business program, but most others will be managed for no upfront cost.

Well, that’s a stretch. As the saying goes: “Time is Money,” so it will cost you something — your time.

Why PRC (Revco Solutions)

We pride ourselves in our ability to establish a relationship with you and get to know your business. We will speak with you about your needs and create a tailored solution for your outstanding A/R. Other reasons to choose PRC (Revco Solutions):

  • We will train you on PRC (Revco Solutions)’s policies and system to ensure that we both have clear expectations of our relationship.
  • We will walk you through the collection cycle and what that means for your business.
  • We will even walk you through our call center and introduce you to our staff and executives.

We want you to know your business is in good hands. We can assure you that we are risk-free way to collect your outstanding receivables. Contact us today to learn more.  

 

Affiliations Audits & Achievements

  • HFMA: Healthcare, financial, management, association
  • AAHAM: American Association of Healthcare Administrative Management
  • ACA International

Revco Solutions Locations

Durham, NC (Corporate Headquarters)

2700 Meridian Parkway
Suite 200
Durham, NC 27713

Jacksonville, FL

7011 AC Skinner Parkway
Suite 170
Jacksonville, FL 32256

Dewitt, MI

1161 E Clark Road
Suite 240
Dewitt, MI 48820

Ada, MI

4764 East Fulton
Suite 101
Ada, MI 49301

Pittsburgh, PA

875 Greentree Road
8 Parkway Center
Suite 100
Pittsburgh, PA 15220

Dayton, OH

6450 Poe Ave
Suite 301
Dayton, OH 45414

Columbus, OH

250 E Broad Street
4th Floor
Columbus, OH 43215