Henry Schein introduces CollectorsChoice

July 6, 2004
Service will help U.S. practitioners recover from slow-paying or past due accounts.

Henry Schein, Inc., the largest provider of healthcare products and services to office-based practitioners in the combined North American and European markets, is introducing CollectorsChoice, a new service to help U.S. dental providers recover fees from slow paying or past due accounts.

CollectorsChoice, an integrated accounts receivable recovery system, is a better alternative than using a collection agency and has a more favorable cost/reward ratio. For a minimal service fee added to the account balance, dental practices will dramatically increase their recovery rates from delinquent patients, accelerate their cash flow and lower both their in-house collection costs and agency costs.

According to Robert Luther, Jr., DMD, owner of a dental practice in Oakdale, Pa., "We had a sizeable overdue account that was settled quickly. We would highly recommend using this collection system."

"Outsourcing the delinquent accounts collection process helps dentists increase their staff's productivity since they will focus more time on patient and current billing and less time on difficult collection situations," explains, Keith Drayer, Director of Henry Schein Financial Services. "CollectorsChoice is a sensitive and strategic approach that can be customized according to the needs of the practice. It is a solution that will best enhance a practice's fiscal fitness by helping to build and maintain a more profitable practice at a very limited cost."

CollectorsChoice is being offered in partnership with Asset Solutions, Inc., a company with a strong track record in accounts receivable maximization and recovery for the healthcare practitioners. Its expertise has aided Fortune 500 companies, major banks and healthcare practitioners with accounts receivable recovery.

For more information, visit www.henryschein.com.