SUMMIT MEDTEC SERVICES LLC

Instructions: Complete the fields listed under "Enter Your Numbers Here" column. Do not use decimals. To request a detailed analysis of collections and/or billing cost for your practice, please contact us today!

Collection Services Average Provider Using Traditional Collections Average Provider Using Our System Enter Your Numbers Here Description
Number of Past-Due Accounts Annually 100 100
Average Outstanding Balance $400 $400
Total of Outstanding Balances Annually $40,000 $40,000
Average Percentage of Money Recovered 10% 45% 45%
Annual Revenue Collected from Outstanding Accounts $4,000 $18,000
Average Cost to Collect Each Account 40% 4%
Total Annual Cost to Collect Accounts $1,600 $720
Revenue Recovered Annually! $14,880

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