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February 07, 2016 8:35 AM ET

Commercial Services and Supplies

Company Overview of Transworld Systems Inc.

Company Overview

Transworld Systems Inc. provides accounts receivable, debt recovery, and past due accounts services for businesses, medical companies, dental companies, education facilities, Fortune 500 companies, and small businesses in the United States and internationally. It offers accelerator, profit recovery, messenger, dental collection, demand/direct deposit account recovery plus, outsourcing, medical collection, education collection, and commercial/business-to-business collections services. The company has strategic alliances with athenahealth, eClinicalWorks, LeonardoMD, MDeverywhere, QuickBooks, Sikka Software Corporation, and TotalMD. Transworld Systems Inc. was founded in 1970 and is based in H...

507 Prudential Road

Horsham, PA 19044

United States

Founded in 1970





Key Executives for Transworld Systems Inc.

Chief Executive Officer
President, Chief Financial Officer, Principal Accounting Officer, Treasurer and Director
Age: 47
Chief Operating Officer and Executive Vice President
Age: 62
Chief Information Officer and Executive Vice President of Information Technology
Age: 53
Executive Vice President, General Counsel and Director
Age: 57
Compensation as of Fiscal Year 2015.

Transworld Systems Inc. Key Developments

Transworld Systems Inc. Names Joseph Laughlin as CEO

Transworld Systems Inc. announced the appointment of Joseph Laughlin as CEO, effective March 2, 2015. Most recently Mr. Laughlin was a senior advisor to Flexpoint Ford LLC.

Transworld Systems Inc. and Prompt Alert, Inc. Collaborate to Deliver Patient Engagement Tools and Front/Back Office Automation for Healthcare Organizations

Transworld Systems Inc. and Prompt Alert, Inc. are working together to bring healthcare organizations a unique service designed to provide automated patient engagement and cash flow tools that will provide unprecedented front-office and back-office revenue generating automation. This joint effort will help alleviate clients' financial stress associated with healthcare revenue cycle via streamlined processes for appointment reminders, appointment follow up, preventative care and outstanding billing. These processes are designed to help reduce no show rates, patient compliance and revenue recovery. Prompt Alert and Transworld Systems aim to streamline patient communication while leveraging their best practice protocols to help save practices time, money and frustration. Patient Prompt, Prompt Alert's appointment reminder and patient communication services, focuses on the front office, while Transworld Systems' collection services focus on the back office. Patient Prompt helps bring revenue in at the time of the appointment and Transworld Systems focuses on recovering outstanding accounts receivables. Transworld Systems' services and Patient Prompt's services are designed to benefit healthcare organizations by helping to increase revenue, speed payment cycles and increase patient satisfaction which makes for a happier staff. Transworld Systems diplomatic automated billing reminders deliver simple and effective revenue recovery, helping to speed up slow paying patient accounts and to eliminate the need for staff to chase customers or utilize hardball collection agencies. Patient Prompt's intelligent patient communication automates the appointment reminder and follow up processes, dramatically decreasing no-shows, while significantly boosting patient satisfaction and co-pay collections upon arrival.

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