Transworld Systems, the industry leader in profit recovery, is celebrating 10 Years as a Medical Group Management Association (MGMA) AdminiServe Partner this year. MGMA is the premier membership association for professional administrators and leaders of medical group practices and AdminiServe is the branded name for the Association's preferred supplier network.
Through the MGMA AdminiServe® partnership, Transworld Systems has recovered more than $290 million for MGMA members while providing a very significant return on investment.
"This milestone is a testament to the success of the partnership, which ultimately benefits MGMA members. We have been working with the MGMA for over 10 years now, and we couldn't be happier with the results. This partnership is clearly a win-win.," said Ken Eissing, Senior Vice President and General Manager for Transworld Systems.
"The numbers speak for themselves - recovery of over $290 million with a 50 percent recovery rate and an ROI of almost 3,400 percent with a collection cost of 2.9 percent, "said Steve Hellebush, MGMA's Vice President of Business Development. "Transworld and the MGMA AdminiServe program continue to provide significant value to MGMA members and their organizations. All of our AdminiServe partners are focused on helping our members succeed, while delivering first-rate service. We proudly celebrate 10 years with Transworld Systems."
Transworld Systems has been an MGMA AdminiServe Partner since 1998. The Company's GreenFlagSM Profit Recovery service handles accounts receivable from early past due accounts through hard-to-collect delinquent accounts. MGMA selected Transworld Systems as their preferred profit recovery supplier due to their low flat-fee pricing, national presence, industry leading recovery rates and their diplomatic, third-party approach.
"Since July 2001, Transworld Systems has collected over $2,442,000 for our office in delinquent insurance claims with their insurance recovery program. The collection cost was a mere 1.2%. We also use Transworld Systems on our private pay accounts at 2% collection cost." - Ruby Dust - Administrator Surgery, Inc in Tulsa, Oklahoma
About Transworld Systems Inc.
Transworld Systems Inc. ®, a wholly owned subsidiary of NCO Group, Inc.®, is an industry leader in profit recovery with headquarters in Santa Rosa, CA, and more than 100 offices throughout the United States and Puerto Rico. Transworld and its service brand GreenFlagSM Profit Recovery are redefining the collection industry by providing businesses with better tools for recovering bad debt and past due accounts. With a success rate more than triple the industry average, Transworld has collected $2.4 billion over the past 5 years for more than 60,000 clients. For more information, call 1.866.629.9092 or visit www.greenprofitrecovery.com.
About MGMA
MGMA is the premier membership association for professional administrators and leaders of medical group practices. Since 1926, MGMA has delivered networking, professional education and resources, and political advocacy for medical practice management. Today, MGMA's 21,500 members lead 13,500 organizations nationwide in which some 270,000 physicians provide more than 40 percent of the health care services delivered in the United States.
MGMA's mission is to continually improve the performance of medical group practice professionals and the organizations they represent. MGMA promotes the group practice model as the optimal framework for health care delivery, assisting group practices in providing efficient, safe, patient-focused and affordable care. MGMA is headquartered in Englewood, Colo., and maintains a government affairs office in Washington, D.C. Please visit www.mgma.com.
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