Case Study: a Utah-based multi-specialty provider collects $6.49M in six months with AnnexMed

a Utah-based multi-specialty provider recovers $1.4M in six months with AnnexMed

A Utah-based multi-specialty provider faced the challenge of liquidating a substantial legacy accounts receivable (AR) portfolio while needing to maintain operational efficiency, reconcile credit balances, and obtain accurate financial forecasts. To address this, they partnered with AnnexMed for its systematic AR liquidation and recovery services.

AnnexMed implemented a structured AR follow-up program that prioritized high-value accounts and provided comprehensive analytics and reporting. This solution enabled the provider to recover $1.45 million in payments, reconcile $3.53 million in write-offs, and reduce their AR inventory from $6.49 million to $1.50 million. The efforts by AnnexMed also eliminated compliance risks and provided leadership with reliable, data-driven cash flow forecasting.