Forbes
Business Group. Inc.

The Economic Impact
of Debt-Data Collection Systems’ Consolidation Solutions to

State Government

Budget Shortfall

 

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. The study examines the estimated ROI and represents the findings derived from the state interview and analysis process as well as Forbes’ independent research.

 

The anonymous state government has 100 counties. Statewide each government agency and government-supported agency contribute to the overall state budget shortfall. Table 1 represents a summary of the estimated debt with overdue automobile taxes handled by an in-house collection project savings. It also includes four medical locations with outstanding medical claims to achieve during a three-year period by deploying DDCSys’ MDDCS and GDDCS of consolidation services and methodology.

 

TABLE A: Summary of Financial Recovery Projections

                

 

REPORT FROM ONE STATE GOVERNMENT WITH 100 COUNTIES
					ALL NUMBER ARE BASED ON 1/2 OF NATIONAL AVERAGE
	PROJECTION				90-days to 1-year-old accounts
					First 6 Months		Second 6 Months		24 Months		36 Months
90 Day & Older Medical Claims Only					$96,800,00		$103,272,000		$143,866,662		$139,466,662
Other Debt from State, County, City Agencies					5,118,000		5,472,000		239,000,000		43,600.000
Recovery of Outstanding Debt					39,231,800		108,744,000		382,866,667		139,466,662
DDCSys Fees for All Services					$3,923,180		$10,874,400		$38,286,667		$13,946,666
Total Balance Paid to State Agencies					$35,308,620.		$97,869,600		$382,866,667.		$125,519,996.
DDCSys Covers Database Equipment, Software, IT Staff and Collection Costs					DETAIL REPORT ON EACH LOCATION AVAILABLE UPON REQUEST

 

 

DDCSys selected Forbes Business Group for this project because of its experience within almost all statewide collection systems, the Medical Review Report (MRR) measures projected loss and cost reduction, but also weighs the enabling value of a technology in increasing the effectiveness of overall business processes. The four fundamental elements of MRR employed in modeling the ROI of DDCSys’ MDDCS &GDDCS systems of consolidation solutions for debt and data are:

 

·         Cost and cost reduction of in-house collection effects

 

·         Benefits to the entire state’s agencies

 

·        Flexibility

 

·         Risk

Given the increasing sophistication that enterprises have regarding cost analyses related to investment, Forbes MRR methodology serves an extremely useful purpose by providing a complete picture of the total economic impact of implementation decisions.

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