August 27, 2014 11:26 AM ET

Commercial Services and Supplies

Company Overview of Transworld Systems, Inc.

Company Overview

Transworld Systems, Inc. provides collection agency services for accounts receivables, debt recovery, and past due accounts to businesses and healthcare organizations in the United States and internationally. Its services include GreenFlag Accelerator, a service that allows small and medium-sized businesses and organizations to remind their customers or patients to pay their outstanding bills; GreenFlag Profit Recovery, a service to collect past due and bad debt collections, medical and dental service bills, and demand/direct deposit accounts; GreenFlag Messenger, a profit recovery messenger service; GreenFlag Dental Collect, a program to collect receivables for dental practices; GreenFlag D...

2235 Mercury Way

Suite 275

Santa Rosa, CA 95407

United States

Founded in 1970

Phone:

707-236-3800

Fax:

707-236-3809

Key Executives for Transworld Systems, Inc.

Chief Executive Officer
Age: 46
Chief Operating Officer and Executive Vice President
Age: 61
Executive Vice President
Age: 56
Senior Vice President and General Manager
Chief Information Officer and Executive Vice President of Information Technology
Age: 52
Compensation as of Fiscal Year 2014.

Transworld Systems, Inc. Key Developments

Transworld Systems Inc. and Prompt Alert, Inc. Collaborate to Deliver Patient Engagement Tools and Front/Back Office Automation for Healthcare Organizations

Transworld Systems Inc. and Prompt Alert, Inc. are working together to bring healthcare organizations a unique service designed to provide automated patient engagement and cash flow tools that will provide unprecedented front-office and back-office revenue generating automation. This joint effort will help alleviate clients' financial stress associated with healthcare revenue cycle via streamlined processes for appointment reminders, appointment follow up, preventative care and outstanding billing. These processes are designed to help reduce no show rates, patient compliance and revenue recovery. Prompt Alert and Transworld Systems aim to streamline patient communication while leveraging their best practice protocols to help save practices time, money and frustration. Patient Prompt, Prompt Alert's appointment reminder and patient communication services, focuses on the front office, while Transworld Systems' collection services focus on the back office. Patient Prompt helps bring revenue in at the time of the appointment and Transworld Systems focuses on recovering outstanding accounts receivables. Transworld Systems' services and Patient Prompt's services are designed to benefit healthcare organizations by helping to increase revenue, speed payment cycles and increase patient satisfaction which makes for a happier staff. Transworld Systems diplomatic automated billing reminders deliver simple and effective revenue recovery, helping to speed up slow paying patient accounts and to eliminate the need for staff to chase customers or utilize hardball collection agencies. Patient Prompt's intelligent patient communication automates the appointment reminder and follow up processes, dramatically decreasing no-shows, while significantly boosting patient satisfaction and co-pay collections upon arrival.

Transworld Systems Joins Forces with MacPractice to Help Healthcare Practices Increase Cash Flow and Maintain Patient Diplomacy

Transworld Systems, a subsidiary of NCO Financial Systems, has proudly partnered with MacPractice to offer healthcare practices an integrated receivables management system. The Transworld Systems interface integrates seamlessly with MacPractice's ledger to help increase the overall cash flow, while saving time and maintaining the practice's diplomacy. Over 20,000 healthcare organizations entrust Transworld Systems to improve the accounts receivable and increase the efficiency of their operations by utilizing services such as Transworld Systems Accelerator and Transworld Systems Profit Recovery. These services provide accounts receivable solutions from the time an invoice or statement has been sent to when the account is past due. In addition, Transworld Systems provides insurance resolution services that speed up insurance claim payments.

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Recent Private Companies Transactions

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Date
Target
Merger/Acquisition
July 14, 2014
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