Accounts Receivable Management
Midwest Recovery Systems' focus is on a seamless implementation process with the ultimate goal of making it simple and stress-free to do business with us. At Midwest Recovery Systems our financial services specialists are held to a strict adherence to industry standards regarding all consumer requests and compliance. Each specialist is specifically trained for the industry they support, ensuring that they are highly knowledgeable in the unique collection procedures and regulations of each. We are backed by a $1,000,000 Hold Harmless Errors & Omissions agreement, and fully licensed and bonded in 48 states. Midwest Recovery Systems is HIPAA compliant, PCI compliant, and our staff are monitored to ensure full compliance with client work standards, as well as all federal, state and local laws and regulations.
Midwest Recovery Systems offers a wide range of healthcare-specific services that will help your organization benefit from increased revenue and lower accounts receivable days. From first-party recovery to third party debt collection and litigation, we help increase cash flow.
Midwest Recovery Systems works with educational and financial institutions that provide loans to ensure borrowers understand all of the payment options available to them. Our financial services representatives will ethically and efficiently work with these consumers to recover these loans, and retain customer satisfaction.
Midwest Recovery Systems will provide a variety of programs and services designed to maximize recovery without sacrificing customer satisfaction.
Our staff will work with your customers as representatives of your company, not an outside third-party agency. During the first-party collections process, Midwest Recovery Systems enforces being a natural extension of your business office. Initial collection efforts are maximized due to high contact rates and improved customer satisfaction.
- Letter Series - We can customize and send a series of pre-collection letters directing your customer to make payment directly to your company before accounts are placed with an outside agency. This program is designed to improve recovery through early action, as well as to separate the accounts that will need minimal collection effort, from those that will require a more extensive approach. At any age, non-responsive accounts can be transferred into our intensive collection program.
Midwest Recovery Systems can help you build an effective, reliable collection strategy that will help boost your cash flow and alleviate any concerns regarding the process. With over 20 years of experience in the industry our management staff has a commitment to set the industry standard for liquidation rates, and maximize recovery. With the collection strategy we have in place, you can devote your time to other key elements important to the ongoing success of your business. We will handle everything from letter series, to skiptracing and locating consumer information. Efficiency is everything in this industry. At Midwest Recovery Systems, we take those extra steps to maintain our client and consumer satisfaction, without jeopardizing productivity.
Pre-Legal & Litigation Collections
In our pre-legal collection we approach debtors firmly, yet professionally. Midwest Recovery Systems is fully prepared to continue the collection process through the judicial system, upon written authorization from the client, on a case-by-case basis. If the client authorizes Midwest Recovery Systems to pursue litigation of an account, we will take the necessary steps in the debt recovery process and comply with all state statutes and local court rules regarding procedures governing litigation of debts. Our Litigation Referral Network will deliver cost-effective recovery in these unfortunate circumstances.
Finding out all the available information about a person can be very complex and costly. By outsourcing skip tracing, our clients can still utilize in house efforts, yet effectively reduce losses with our proprietary processes that use multiple databases to provide you with the most accurate information possible. Midwest Recovery Systems can structure a skip tracing program to fit the needs of each individual portfolio and deliver the information in a legible, cost-saving format.
guarantee the highest level of collections.