TekCollect Inc.

What TekCollect Inc. does

TekCollect Inc. (legal name Tek-Collect Incorporated) is a privately held accounts receivable management company headquartered in Columbus, Ohio, serving nearly 30,000 businesses nationwide across verticals including healthcare, dental, community banking, CPA/accounting, HVAC/plumbing/electrical contracting, rural health, and general commercial accounts. The company offers a portfolio of interconnected services built around its proprietary Binary Program, a primary-phase collections product priced at fixed fees typically under 5% per account versus the 33-50% contingency fees charged by traditional collection agencies, supported by an Audit Department for early intervention, a First Party Program acting as client staff extension, a Secondary Phase liquidation and litigation offering, TekMed/TekMD healthcare revenue cycle solutions, and Custom Solutions for industry-specific protocols.

The underlying technology is a web-based accounts receivable management platform with 24/7 client, account manager, sales rep, staff, and consumer portals, SSAE16 SOC 1 Type II certification, and integration with major industry software programs including athenahealth's Marketplace via the More Disruption Please program. TekCollect generates revenue primarily through transaction-based fixed fees on the Binary Program and contingent fees on Secondary Phase collections, augmented by custom professional services; distribution is a combination of direct field sales, association-endorsed preferred-vendor partnerships, trade-show presence, and marketplace listings. The company is management-owned with no disclosed external investors, holding Collection Agency NMLS No. 1012712 and reporting cumulative client collections of $1.7B in the Binary Program and $99M in the Secondary Phase.

Name

TekCollect Inc.

Legal name

Tek-Collect Incorporated

Website

https://tekcollect.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

251–500 employees

Short description

TekCollect Inc. is a privately held Columbus, Ohio-based accounts receivable management company serving nearly 30,000 U.S. businesses across healthcare, dental, banking, contracting, and general commercial verticals with sub-5% fixed-fee collections, healthcare revenue cycle solutions, and association-endorsed distribution.

Ownership category

akta.pro rank

Product category

Accounts Receivable Management and Collections Services

NAICS

Collection Agencies (561440)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Early-Stage / Soft Collections (Pre-Delinquency, Reminders) (BPAAAEAC)

akta.pro secondary industry

Subrogation, Recovery & Coordination of Benefits (COB) Support (BPAAAFAG)

Keywords

• Accounts receivable management
• Debt collection services
• Revenue cycle management
• Healthcare collections
• Early intervention collections

Headquarters

HQ city

Columbus

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Binary Program Fees: Low fixed fees typically less than 5% per account, significantly lower than traditional contingency agencies that charge 33-50%. This is the primary revenue stream for the company's flagship program.
2. Secondary Phase Contingent Fees: Secondary phase services provided for straight contingent fee, with litigation services offered at TekCollect's expense when warranted.
3. Custom Solutions and Professional Services: Personalized programs created for specific industries, volumes, and internal protocols. Includes evaluative consultations and ongoing account management services.

Pricing tiers

Go-to-market motion4 records

Distribution channels6 records

Marketing channels6 records

Core offering

TekCollect provides outsourced accounts receivable management and collections services to nearly 30,000 U.S. businesses through a portfolio of programs including the Binary Program (fixed-fee primary collections, typically under 5%), Early Intervention/Audit Department (first- and third-party outreach in the first 30 days), a First Party Program, the healthcare-focused TekMed/TekMD revenue cycle solution, and a Secondary Phase liquidation service with litigation support. Delivery is enabled by a 24/7 web-based platform with dedicated client, sales rep, and consumer portals, integrations with major industry software, and an athenahealth Marketplace listing.

Product overview

TekCollect is an accounts receivable management company offering a platform of interconnected collection and revenue cycle management services. The core product portfolio includes the Binary Program (primary phase collections with low fixed fees), Audit Department/Early Intervention (preventative maintenance), First Party Program (in-house extension services), TekMed (healthcare-specific revenue cycle solutions), Secondary Phase (advanced liquidation and litigation), and Custom Solutions (industry-specific personalized programs). The Binary Program serves as the primary offering serving over 30,000 clients nationwide, with TekMed addressing specialized healthcare needs, and Custom Solutions providing tailored options for specific industries.

Differentiator

Problem solved

Functional benefit

Brands

• TekMD: A specialized product specifically developed for the healthcare industry for patient receivables management. Part of TekCollect's medical services program with a three-phase approach, compliance focus, and customized patient statements.

Products and services

• Binary Program Primary phase accounts receivable management program with fixed fees typically less than 5%, the highest recovery rates in the industry, web-based 24/7 accessibility, seamless integration with major software systems, and non-alienating customer contacts designed to preserve client relationships while recovering overdue balances.
• Audit Department / Early Intervention Program Preventative A/R maintenance program that combines first-party and third-party services, delivering an 80% connection rate and curing 45% of accounts within the first 7 days using enhanced tools and services during the first 30 days of the account cycle.
• First Party Program First-party collection service in which TekCollect acts as a seamless extension of the client's staff, handling customer origination, initial billing, incoming A/R calls, and reducing accounts that go beyond 30 days delinquent while improving customer satisfaction.
• TekMed Revenue Cycle Solutions Healthcare-specific revenue cycle management and pre-collection program featuring business process outsourcing, customized patient statements, financial assistance education and eligibility determination, charity care application assistance, and a structured 6-call-over-7-days pre-collection campaign delivered for hospitals, clinics, and physician practices.
• TekMD Medical Receivables Management Healthcare-specific accounts receivable management product for medical organizations with a three-phase approach, fully customized patient statements, a financial assistance and education strategy, and specialized calls and written contacts designed for medical billing workflows.
• Secondary Phase Liquidation Specialized debt-pursuit service for accounts that progress past the primary phase, offering full-service liquidation on a contingent fee basis including litigation at TekCollect's expense, asset searches, advanced skip tracing, litigation worthiness investigation, credit bureau reporting, and electronic fund transfer options.
• Custom Solutions Personalized accounts receivable management programs built around an evaluative consultation and tailored to specific industries, volumes, and internal client protocols, enabling custom partnership-style engagements for businesses whose needs do not fit standard programs.

Quantifiable outcome

• Over 75% of previously written-off monies now stays within clients' businesses
• +5 more outcomes

Named customers15 records

Segments7 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature8 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• TDA (Texas Dental Association)coreChannel Partner/ Reseller/ Distributor · 30 April 2021Member Benefit Partner providing benefits available to TDA Members. Jeffrey Arnett shares benefits of TekCollect partnership for dental practices through video library content. Partnership provides specialized A/R management for dental industry.
• athenahealth, Inc.coreTechnology or Integration · 28 October 2017Partnership through athenahealth's 'More Disruption Please' (MDP) program. TekCollect's integrated application is available on the athenahealth Marketplace, accessible to over 100,000 healthcare providers to improve revenue cycle management and increase profits. Ron Douglas, President of TekCollect, stated that TekCollect truly understands the challenges faced by the healthcare industry and developed TekMD specifically for healthcare.
• Neighborhood Services, Inc. (NSI)minorOthers · 12 May 2016Spring food drive partnership collecting over 200 cans and boxes of food plus personal hygiene items for NSI's Choice Food Pantry. Also made monetary donation. NSI serves nearly 6,000 families annually with food and material assistance in Columbus community.
• Charity NewsiesminorOthers · 12 October 2015Corporate team sponsorship for Columbus Oktoberfest Four Miler Race benefiting Charity Newsies. 20-member team participated in 5k run/walk. Charity Newsies mission is providing school-aged children with new clothing, shoes, and backpacks. Raised $1.4 million in 2013-2014 with 100% going to children in need.
• The Service RoundtablecoreChannel Partner/ Reseller/ Distributor · 1 October 2015Preferred Partner of The Service Roundtable, the largest private contractor networking group in the country. TekCollect exhibited at Service World at Comfortech 2015 as part of Service Roundtable Preferred Vendors group. Services specialized for HVAC, Electrical, Solar, and Plumbing industries.
• National Rural Health Association (NRHA)coreChannel Partner/ Reseller/ Distributor · 1 October 2015Newest NRHA Corporate Partner for Revenue Cycle Management. TekCollect attended the Rural Clinic and Critical Access Hospital Conference in Kansas City as Table 14 exhibitor. NRHA has more than 20,000 members focused on rural health issues. Ken Wilson stated TekCollect's services are specialized for the medical industry.
• North Carolina Dental SocietycoreChannel Partner/ Reseller/ Distributor · 1 September 2015Endorsed NCDS Member Benefit Partner for Accounts Receivable Management. TekCollect has attended multiple NCDS events including Annual Sessions and 4th District Fall Meetings. Partnership valued for bringing A/R management services to nearly 3,600 member dentists (75% of NC dentists).
• Missouri Independent Bankers Association (MIBA)coreChannel Partner/ Reseller/ Distributor · 1 September 2015Endorsed MIBA Vendor for Accounts Receivable Management. November 2015 marked the 12th year of partnership. Serves small and medium-sized community banks dedicated to meeting financial needs of Missouri communities. Lance Rhutasel stated TekCollect is pleased to bring cash flow solutions to MIBA members.
• Dress for Success ColumbusminorOthers · 1 September 2015Corporate clothing drive partnership collecting professional women's clothing, shoes, and handbags. Over 150 professional pieces, 25 pairs of shoes, and 20 handbags donated. Ron Douglas stated the organization is close to hearts and employee participation was thrilling. Molly Preston noted contributions will empower women on way to financial independence.
• The Ohio Society of CPAs (OSCPA)coreStrategic or Co-development Partner · 29 June 2015Preferred Solutions Partner for A/R Management extending specialized accounts receivable services to nearly 21,000 OSCPA members throughout Ohio. TekCollect will showcase A/R management solutions at multiple OSCPA events including Cincinnati, Cleveland, Columbus Accounting Shows and Mega Tax event. Diane Schumm stated the partnership reflects shared commitment to quality A/R management for Ohio's accounting industry.
• Komen ColumbusminorOthers · 19 May 2015Corporate team sponsorship for Komen Columbus Race for the Cure. 28-member team participated in 5k run/walk/family fun. Largest Race for the Cure in nation, second largest in world with over 31,000 participants. Event raised over $500,000 with 75% remaining in Central Ohio for research, education and early detection.

Scale indicators8 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• EOS (USA): U.S. subsidiary of EOS Group, providing receivables management across B2B and consumer verticals with similar first-/third-party collection services and client portal capabilities.
• Transworld Systems: U.S. accounts receivable management and commercial debt collection agency offering a similar menu of early-out, contingency, and pre-legal collections services to SMB and mid-market clients.
• PRA Group: Global leader in debt purchasing and A/R services with U.S. portfolio recovery and consumer call-center operations; competes head-on with TekCollect in mid-market A/R management and collections, with materially greater scale and capital.
• American Profit Recovery: Mid-market A/R management and debt recovery firm offering contingency, first-party, and commercial collections to SMB clients — a close smaller-scale analog to TekCollect's operating model.
• Convergent Outsourcing: Specialized third-party collection agency serving healthcare, telecom, utility, and financial services with contingency and first-party programs analogous to TekCollect's Binary and First Party offerings.
• IC System: Minnesota-based receivables management company providing early-stage collections, recovery, and digital engagement tools to healthcare, financial, and commercial clients — directly analogous to TekCollect's vertical mix.

Broad incumbents

• R1 RCM: Large-scale healthcare revenue cycle management provider serving hospitals and physician groups; overlaps with TekCollect's TekMed/TekMD healthcare A/R franchise but at materially greater scale and capital intensity.
• Encore Capital Group: Public debt-buyer and owner of Midland Funding and Cabot Credit Management; competes across the full A/R services spectrum, including contingency collections and RCM-adjacent services, offering broader capabilities than TekCollect.

Others

• Ontario Systems: Software and technology provider serving the accounts receivable management industry with collections platforms; comparable as adjacent infrastructure enablement rather than a direct collections competitor.

Emerging players

• Zotec Partners: Healthcare-specialized revenue cycle management firm focused on complex physician billing; intersects TekCollect's healthcare vertical but emphasizes technology-driven RCM rather than traditional collections.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/tekcollect
• Facebookfacebook.com/tekcollect
• LinkedInlinkedin.com/company/tekcollect

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TekCollect Inc.