Note: This is part 1 of 4 in a series of posts on identity theft protections and how to safeguard your personal and financial information. Subscribe to our blog and be alerted when the next article is posted. If you become a victim of identity theft, it could be a nightmare. It might take you…
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We’ve previously posted about criteria you can use to ensure you’re picking the right collection agency. This decision is one that should be made carefully, so we advised you to be sure to check the agency’s reputation, associations/affiliations, and training policies. That’s just the tip of the iceberg, though. It’s important to look beyond the…
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Consider the humble invoice. It is, of course, the means by which you get paid. But did you realize the verbiage on your invoice might affect whether you’re paid in a timely manner? Your invoice is also one of your primary means of communication to your clients, and it has a lot more impact than…
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$65 billion in medical debt went uncollected in 2010. How much of that affected your practice? In our last post, we discussed 3 tips for collecting outstanding medical bills: setting clear expectations up front with patients, verifying insurance, and requesting payment at the time of service. In this post, we’ll talk about a couple more…
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When it comes to unpaid debts, the medical industry suffers. Did you know that on average a staggering 50% of every dollar billed to a patient goes uncollected? In 2010, that meant an estimated $65 billion in uncollected revenue! Part of this figure is made up of the uninsured, of course, but even among the…
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It’s a fact of business that some clients will not pay in a timely manner. Perhaps they’re grappling with an unexpected financial stress; perhaps they’re simply poor at financial planning. Whatever their reason, this is not merely an inconvenience – chasing old payments costs your business in time, money, and lost opportunities. These expenses are…
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