Thus, an unaffordable payment of several thousand dollars can be divid over a year and paid several hundr dollars monthly. Collectly allows payment in installments. Source: Collectly What Entrepreneurs Should Learn from Collectly 1. Try to find a new solution for a conservative industry The healthcare industry in the US is poorly digitiz and operates in the old-fashion way. Most patients have insurance from different companies, and payments are process manually.
All this makes payment administration for hospitals a difficult task
Due to billing errors, clinics face debts for services they pakistan phone number library provide every year. The founders of Collectly learn how to automate debt collection in the banking sector, and then appli it to the healthcare sector. With their help, patients got the opportunity to pay bills quickly and easily, and mical institutions – to collect money from patients.
Look for new approaches to using your product
The service was develop as a platform for collecting money. When mical institutions came into its scope of work, the service began to work not only for accepting payments. Now the platform makes it easier for patients to book an appointment, allows them to check their insurance and pay bills in installments. 3. Believe in your idea The creators of consistent messages across all content Collectly began to promote their idea by searching for banks that could become their first partners.
The idea was not successful
It did not become an obstacle to the company’s development. in an accelerator. A few years later, it rais $29 million from venture funds. Collectly’s triumph is the cg leads result of the hard work of the founders and their team. In order for a project to achieve its goals, technical knowlge and innovative ideas alone are not enough. It is important to correctly go through all the stages of the project cycle. Among them, the project initiation is of particular importance – the first stage of management. It is like the foundation of a house: if it is strong, the house will stand confidently. It is at the very beginning that you clearly define what you want to achieve, what tasks you will face and what the first steps will be.