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SettleMed can improve collection percentages by recovering dollars faster empowering those consumers that feel they cannot pay today.
From your collection departments, to debt buyers, to third party ARM firms, SettleMed will reach and engage those consumers that will not return your calls or are avoiding your agents allowing you to recover more dollars while reducing your costs.
SettleMed's interactive solution will engage the consumer and provide you with recoveries on those accounts that would have been closed as uncollectable and refuses to pay, improving your recovery rates 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 Day One of delinquency when you have determined through your scoring and skiptracing process that you have no contactable numbers to reach your consumer or;
- your consumer appears to have stopped accepting your calls or is avoiding speaking with an agent 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 early, using a positive marketing approach and incentives that appeal to modern consumer values.
Put the Consumer in Control
Consumers are able to access their SettleMed 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.