PR - Transworld Systems Celebrates 37 Years

 
Transworld Systems celebrated 37 years of business on November 5, 2007. Since Transworld’s inception on November 5, 1970, the company has grown from a two-person, home-based business to the industry leader in profit recovery with over 1,000 associates.

"We are proud of our growth and success after 37 years of business," said Steve Richards, President of Transworld Systems Inc. "We have seen a tremendous amount of growth, especially in the last few years, and have made several recent service improvements which enable us to continue to provide businesses and medical practices the best profit recovery system at an affordable cost. We are committed to remaining the industry leader and look forward to continuing to grow our product and service line to meet the needs of our ever-expanding client base."

The Santa Rosa, Calif.-based company has over 100 offices nationwide operating as one of the nation’s largest collection agencies. Transworld’s service, the GreenFlag Profit Recovery system, is a customized program designed to fit individual business needs and deliver the power of third party intervention while allowing customers to maintain complete control over their valuable client relationships. Other services provided by Transworld include GreenFlag DDA Recovery Plus and GreenFlag Insurance Resolution.

Since 1970, Transworld has proudly served a diverse range of respected, industry-leading clients in a wide variety of industries including healthcare, financial services, and any industry where credit is extended. Transworld understands the critical role of client and patient relationships and their services are designed to keep those relationships intact while getting their customers’ outstanding profits recovered as quickly as possible. Transworld is also the only profit recovery company designated as a Medical Group Management Association (MGMA) AdminiServe Partner recovering more than $230 million for MGMA members to date and has recently attained the Peer Review designation status with the Healthcare Financial Management Association (HFMA).

The company continues to direct the focus of their business on providing the best results and experience for their customers. Transworld has recovered more than $2.4 billion over the last five years for over 60,000 clients. Their average collection cost is less than four cents per dollar with an overall recovery rate of 56%.

Transworld Systems Inc., a wholly owned subsidiary of Outsourcing Solutions Inc. (OSI), is an industry leader in profit recovery with headquarters in Santa Rosa, Calif., and more than 100 offices throughout the United States and Puerto Rico.