An intelligent pricing approach for collection agency partners designed to yield improved netback results.
There are two financial components of the Risk-Based Program (RBP):
- SCORE's program increases dollars that agencies collect compared to a flat fee-for-service compensation approach.
- SCORE's program encourages collection agencies to focus on their strengths for greater productivity. This is done by reviewing the historical performance of agencies and to determine the type of accounts they are better suited to collect. By ranking and segmenting accounts into low, medium and high risk, agencies are sent accounts they have been historically successful at collecting. This sets a benchmark for agency performance and maintains vendor management best practices.