Tuesday, June 19, 2018

OCMA Blog

10 things you could buy with the money your practice is leaving on the table.

 

Patient bills. Sitting in your AR.  Dollars left on the table.

It’s one of the top problems we hear about from our members at OCMA, and one that we can help you fix through our Business Partner Universal Financial Systems.

Most docs are leaving $150,000 on average on the table PER YEAR…what could you do with your extra cash?  Well, we took it upon ourselves to find out!

1.       A Jet Pack - $100,000

By Seg9585 [CC BY 3.0 (https://creativecommons.org/licenses/by/3.0)], via Wikimedia Commons

This is Orange County, you can get some real use from a water jet pack!  Wouldn’t the 10-year-old version of you be furious to know you have the ability to purchase a jet pack and haven’t yet flown through the sky?

 

2.      Duffy Boats - $52,000/each

  

See page for author  [Public domain], via Wikimedia Commons

You and 36 of your friends could be out on the water brunching and cruising every weekend!  Call UFS now and get out there this summer! 

 

3.        The Permits, Guides, and Gear for THREE Everest Climbs ($40-80,000/person)

By Mount_Everest_as_seen_from_Drukair2.jpg: shrimpo1967derivative work: Papa Lima Whiskey 2 [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons

Even if Everest isn’t on your bucket list, imagine what bucket list items your savings could help you cross off!

 

4.           A litter of California’s most expensive dogs ($50,000/each)

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By danny O. (Flickr) [CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)], via Wikimedia Common

French bulldogs are some of the most expensive dogs on the planet, especially when they come from a top breeder – why not ensure you get the best?

 

5.      Team up with another doc and you could control the Bellagio Fountains ($250,000)

By Adam Jones from Kelowna, BC, Canada (Bellagio Fountain - Las Vegas, CA - USA - 02) [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons


If it’s money you were leaving on the table, why not do something fun with it?  You’ve been living without it for years!  Seriously, stop leaving money on the table and reach out to our trusted partner UFS today!

 

6.      Tickets to Game 7 of the NBA Finals ($50,000/each)

 

By Eric Kilby (originally posted to Flickr as Tangle Underneath) [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons

NBA Finals Game 7 tickets have gone for up to $90,000/ticket.  With the money your practice leaves on the table, you could be sitting court-side every year…

 

7.      Live at the Versace Mansion for 2 Months ($1600/night)

By Daniel Di Palma [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], from Wikimedia Commons

OC can get taxing, why not take a break living in luxury at one of the most infamous mansions in South Beach?  What’s $100k for two months of high fashion luxury?!


8.      Hire an up and coming celeb for a party ($100K)

By glenjamn [CC BY 3.0 (https://creativecommons.org/licenses/by/3.0)], via Wikimedia Commons

Sorry, an act like Elton John will set you back millions, but if your son of daughter wants to hire a new artist like Fetty Wap (ask them who he is), your $100K savings from hiring UFS could come in handy…

 

9.      You could eat nearly 30 pounds of European White Truffles ($3600/pound)

By Mortazavifar [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], from Wikimedia Commons

You’ll never have to go out to dinner again if you can freshly shave white truffle on every meal!  Once you start, you won’t be able to stop…and you won’t have to with that new $100K truffle budget…

 

10.      And for the practical folks, a one-bedroom Condo in Sacramento ($104,000)


OCMA encourages our members to be vocal about the rights of physicians and patients, with your very own condo in Sacramento you can be in on the action at your home away from home in Sac Town!

Ready to get started?  Call UFS today!

OCMA members receive a complimentary Insurance & Patient Collection Performance Analysis ($300 value), as well as bundled pricing for billing and collection services. 

Contact: George Christidis, 310-502-3580, georgec@ufsworks.com

 


 

 

 


Orange County Medical Association Selects Universal Financial Systems as its Business Partner

Universal Financial Systems will extend special offers to OCMA Physician Members 

Irvine, Calif., June 3, 2014 - The Orange County Medical Association is pleased to announce another benefit of membership.  The OCMA has designated Universal Financial Systems as its Business Partner for physicians seeking collections and pre-collections help on past due receivables. Universal Financial Systems is a full-service collection agency based in Southern California. 

Free Insurance and Patient Collection Performance Analysis ($300 Value)

  • Patient Collection Analysis
  • Insurance Collection Analysis
  • Accounts Receivable Analysis
  • Full Detailed Report

 
Pre-Collection Program - Offering a "5 %" rate for account referrals received and collected within 120 days from the date of service

  • This is exclusive for OCMA members. All other clients get the "5%" until 90 days from date of service

 
Standard Collection Program: 120+ days from date of service -> 30% of collected revenue

  • Competitors' rates can be as much as 40 to 50% rates of collected revenue
  • State-of-the-art tools to locate debtors
  • Active Account Monitoring - allows tracking and notification when debtor's finances improve, purchase assets, etc.
  • Month-end Status Reports
  • Client Account Reviews
  • Judgment Collections Expertise
  • Litigation Services Available 

 
For more information, please contact:
Greg Apostolou
(310) 386-9085
Grega@ufsworks.com


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