Traditional collections has a place...as a last resort
Business who use CareCap to collect past due receivables and bad debt prior to using traditional collections are seeing higher collection rates, at a lower cost to collect and are able to maintain their relationships with clients. It doesn't cost anything to try to collect with CareCap since fees are only paid when payments are made. If CareCap doesn't work, you'll still have traditional collections as an option, so why not give it a try.
Why CareCap before Traditional Collections
We've had clients collect up to 95% of their bad debt. By utilizing our automated notification & reminders combined with flexible payment options, people are better able to get back in good standing.
Traditional collections methods can include tactics that ruin your relationships with clients. Clients appreciate that you are offering a friendlier alternative, this creates strong bonds and lasting client relationships.
CareCap fees can be up to 12 times lower than traditional collections agencies. You simply pay a 3% merchant fee, only when payments are collected. If payments aren't collected, you pay nothing.
How collections with CareCap works
CareCap offers a friendly, but effective approach to collections
Talk to a consultant
Let us help, understanding how CareCap fits into your AR and collections process is as simple as a few steps and hitting "send". Talk to our consultants about your AR process, bad debt or collections needs and they can share best practices to help make it easy.
CareCap Fees are Simple
If you choose to offer a payment plan, your client pays a 1% Monthly Management Fee on their outstanding balance.
You pay a fixed 3% Merchant Fee on each payment collected. This fee covers all bank and credit fees incurred on your behalf.