May 16, 2007 – St. Louis, Missouri – Transworld Systems, the industry leader in profit recovery, and the Medical Group Management Association (MGMA) AdminiServe® partnership has recovered more than $230 million for MGMA members while providing a very significant return on investment. MGMA is the nation's principal voice for the medical group practice profession.
“This partnership is a win-win-win. We have been working with the MGMA for nearly 10 years, and we couldn’t be happier with the results for everyone involved – especially the member customers,” said Ken Eissing, Senior Vice President of Sales and Marketing for Transworld.Transworld Systems has been an MGMA AdminiServe Partner since 1998. AdminiServe is the branded name for the association’s preferred supplier network.“The numbers speak for themselves – recovery of over $230 million dollars with a 53% recovery rate and an ROI of almost 4,000% with a collection cost of 2.5%,“ said Steve Hellebush, MGMA’s Vice President of Business Development. “Transworld and the MGMA AdminiServe program continue to provide significant value to MGMA member organizations. All of our AdminiServe partners are focused on helping our members succeed, while delivering first-rate service.”Transworld’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.Text goes here.“We’re using GreenFlag on our private pay accounts and getting 50% recovery at 2% collection cost! GreenFlag has collected more than $600,000 for our office in delinquent insurance claims with their Insurance Resolution program with a mere 1.1% collection cost!” declared Ruby Dust, Administrator with Surgery, Inc.About Transworld Systems Inc.Transworld Systems Inc.®, a wholly owned subsidiary of Outsourcing Solutions Inc.®, is an industry leader in profit recovery with headquarters in Santa Rosa, CA, and more than 120 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 1.888.446.4733 or visit www.transworldsystems.com.About MGMAMedical Group Management Association (MGMA) is the nation's principal voice for the medical group practice profession, serving 21,000 members who lead and manage more than 12,500 organizations in which almost 270,000 physicians practice. For more information, call 1.877.275.6462 or visit www.mgma.com.