The Health Insurance Portability and Accountability Act (HIPAA) was enacted 25 years ago to protect consumer medical information and limit the sharing of personal health information (PHI) to third parties. That includes your debt collection agency! So what should you expect from your own debt collection agency when it comes
OB/GYN practices throughout the country work tirelessly to help people in every stage of life. This could be anything from well-woman visits to assisting women through their pregnancies and women looking for pre- and post- menopausal care. While the mission of your OB/GYN practice is to help as many people
Your ophthalmology practice needs loyal patients and on-time payments to thrive. What should you do if past-due invoices are piling up? Here are some things to consider regarding your overdue accounts receivable. Do You Have Existing Policies in Place? First, you should check your existing policies to see what standards
Running an orthopedic practice is not easy, and one of the biggest obstacles that your practice will encounter is often practice collections. If you cannot collect payment in a timely fashion, your practice will not have the money necessary to continue operating and employing your team. How can you improve
If your business is ready to invest in a professional debt collection agency to improve your chances of collecting the money that you are owed from consumers, clients, patients or other businesses, it can be hard to sort through which agencies are legitimate. There are many who are reputable, but
Whether you’re an experienced physician or a young doctor ready to branch out on your own, transitioning from being an employee to a practice owner is a serious decision. From developing your management skills to balancing the financial intricacies of succeeding in the medical industry, there are plenty of “dos”
As a business owner, accounts receivable manager or collection agent, there are many challenging and sensitive phone calls you need to make on a regular basis. Money isn’t just one of the leading causes of relationship troubles; it’s also one of the primary causes of emotional anguish and uncomfortable phone
High Emotional Intelligence is an asset in stressful positions. Taking steps to raise your Emotional Intelligence Quotient can have significant benefits to you and your organization. Billing and collections can be particularly stressful and an increased EQ will contribute to your job satisfaction and success. People with a high Emotional
Significantly overdue invoices are a problem in many industries. There are several things you can do to increase the likeliness of getting paid promptly for the products you sell. Every one of these can have an impact on your organization’s cash flow. When you combine all of these steps, you
Whether to hire a lawyer or collections agency is not an “either / or” question but rather one of the correct sequence. We recommend giving your significantly overdue accounts to a collections agency first. There are several reasons for giving your accounts to consider when deciding whether to ask
Alacrity Collections Corporation, a Maryland-based collections agency specialized in improving cash flow through collections on behalf of its clients in the Mid-Atlantic region and beyond, celebrated its 35th anniversary on July 1st. Alacrity primarily assists clients in the healthcare field from single-practitioner clinics to hospitals across any and all specialties.
As with many questions, the answer to “when do you need a collections agency” is “it varies.” It really depends on several points. Here are four of the most important reasons why a business or practice owner should contact a collections agency: If you run a company, clinic or accounts
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