Professional Placement Services will be attending the 2014 MEGA Healthcare Conference, and we wanted to invite everyone to stop by. Come stop by our booth (18,19) on Thursday, January 30th and Friday, January 31st for your chance to win free Brewers tickets. Enter the PPS raffle to win two Brewers tickets, we will be at the Mega Conference to answer any questions you have about the collections industry, We hope to see you there!
The 2014 Mega Conference is a tremendous educational opportunity for Accounting, Billing, CEO, CFO, Clinic Office Managers, Coding, Collections, Compliance Officers, Customer Services, Director of Patient Accounts, Patient Accounts Managers, Finance, IT Staff, Materials Managers, Privacy Officers, Registration, and many others.
MILWAUKEE (WITI) — Debt collectors can be pretty persistent — as one FOX6 viewer found out years after paying off his debt! He called FOX6′s Contact 6 to try to find out why the phone wouldn’t stop ringing.
FOX6’s Contact 6 Contacted Professional Placement Services to find out why. Professional Placement Services is Wisconsin’s most reputable collections agency, with over 100 Wisconsin clients Professional Placement Services has over 15 years of experience serving the community. FOX6 Contact 6 interviewed the Founder of Professional Placement Services Craig Johnson to help Anthony Sherman find out why he was still receiving phone call from debt collectors.
Growth in annual healthcare costs has slowed since the beginning of the recession. Despite this, privately insured patients are taking on increasing responsibility for the cost of care through greater out-of-pocket expenses.
The typical American family of four had total healthcare costs exceeding $22,000 last year, which included out-of-pocket costs of $3,600. This level of out-of-pocket spending outstripped the amount laid out by the average American household on gas for their automobiles, according to the Milliman Medical Index. The nation’s out-of-pocket healthcare costs for 2013 are estimated to have totaled $322 billion. This represents a significant amount of debt — debt, which if not paid off in a timely manner, could be sent out to a collection agency.
In fact, millions of medical accounts are sent to collection annually. Medical bills comprise more than half of the accounts in collection, according to research by the Federal Reserve.
Collection agency grows as it works with people to set up payment plans
Craig Johnson and his staff make it a priority to break the stigma of how bill collectors are often viewed.
“The perception of the industry is the collector with the baseball bat at the door, and we are working really hard to change that,” said Johnson, principal and co-owner of Professional Placement Services LLC, Milwaukee.
Johnson and his wife, Irina, own the 15-year old collection agency, which has about 180 clients in the medical, government, banking and retail industries.
“Being diverse has helped us grow,” Johnson said.
PPS had a banner year in 2012. Johnson wouldn’t reveal specific financial results, but said revenue jumped 138 percent in 2012 over 2011 and the company picked up 40 new accounts. Six new employees were hired in 2012 and Johnson expects to bring another 10 people on board in the first quarter of 2013. Currently, the firm employs 35 people.