accounts receivable
AR Part 2: Managing Your Accounts Receivable With Proprietary Software
Maintaining an accurate and up-to-date accounts receivable is vital to successfully managing a restoration business.
January 25, 2023
The Restoration Billing Experts
Get Paid Faster & Collect More
We work with adjusters on behalf of restorers to justify insurance invoices
Restoration Contractors:
You Should Be
Paid Quickly and Fairly
If you struggle to stay on top of your invoices or fear losing out on fair compensation from the insurance company, we can help.
Our team of highly qualified claim advocates work directly with insurance adjusters on your behalf to help you get the most out of your claim. We ensure you are paid fairly while eliminating the back-and-forth that can delay payments.
With One Claim, you will:
60
days to get paid,
on average
on average
> 0 %
increase in collections,
net our fee
net our fee
0 s
of hours saved negotiating with adjusters
Accelerated Cash Flow
Get paid faster and enjoy the benefits of a more predictable cash flow.
Improved Profitability
Reduce overhead tied to insurance billing and increase your collections (net of our fee).
More Bandwidth
Free up time spent dealing with carriers to focus on what matters – your business.
Who We Help
We help restoration contractors with insurance invoices for emergency services jobs.
Water
Mitigation
Adjusters pushing for a 3-day dry out, but it actually took your team 4, 6, 8+ days?
We’ve got your back!Fire
Damage
Adjusters questioning why work was done outside of the room where the fire took place?
Seen that one before!
ASBESTOS
ABATEMENT
Adjusters only want to pay for abatement in the room asbestos was detected?
That’s not protocol!
CONTENTS
PACK-OUT
Adjusters don’t think you should have moved all of the insured’s belongings to a storage facility?
We’ve got you covered!
Our Restoration Billing Experts Understand Your Business
Our team of attorneys and well-trained claim advocates are experienced in the regulations, policies, and laws surrounding your business. We know the ins and outs of restoration work and homeowner insurance policies, and we leverage that expertise when working with adjusters on your behalf.
How It Works
We handle it all – from invoice submission to payment.
1. Review Documents and Billing Performance
Before getting started, we review your work authorization and study recent insurance invoices in order to recommend modifications that will enable us to do our best work for you.
2. Submit Invoice and
Claim Documentation
Send us your invoice and claim documentation – don’t send it to the carrier. We organize, create, and submit your claim packet to them.
3. Work With Adjusters
to Justify Invoices
We communicate with adjusters on a daily basis and stay on top of each invoice until we’ve pushed it through the carrier’s claims process.
4. Ensure You Get Paid
Promptly By The Carrier
Once the invoice is settled, we direct the carrier to make a payment. When the check is cut, we follow it until it reaches your mailbox.
What Our Clients Say
Our clients are market leaders who are enthusiastic about what One Claim Solution has done for them.
What We Think
Check out our thoughts about restoration insurance billing.
Read More »
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Frequently Asked Questions
No. We don’t work on old, past-due receivables. However, we’ll process any invoices that haven’t already been sent to the carrier, even if the job occurred prior to signing up with us.
No. We don’t prepare invoices for you, but we can refer you to a well-qualified estimator if you need help writing invoices. As a part of our service, our attorneys will review your current invoicing practices and make recommendations that you (or an estimator) can implement to improve your billing prior to getting started with us.
Almost always.
We get our clients paid in 32 days on average – though some get paid quicker. According to C&R, most (~80%) contractors wait 30+ days to get paid while almost 60% have receivables outstanding for more than 45 days! If you’re like most contractors, we’ll get you paid faster than the industry average.
Most likely.
We’ll look at a few recent insurance invoices to see if there’s an opportunity for us to add value to them. For most of our clients, we’re able to increase collections more than enough to offset our fee – it’s pretty awesome!
It’s easy and there are no upfront costs or major implementations.
- Schedule an introductory call – we’ll want to hear more about your business and ask a few questions.
- Our attorneys will review your contract/work authorization and some basic invoice data (e.g., a few recent insurance invoices) so we can figure out how we can add value for you.
- We’ll put an offer together. If you agree to it, we’ll have you sign a billing agreement and we’ll begin the onboarding process.
