Adequate cash flow is as essential as overall revenue for many businesses, especially small and medium-sized companies. Improved customer service serves as a critical part of ensuring cash flow, not only in how customers are treated but also in how quickly services are rendered to receive payment. Let’s look at
Even before the pandemic forced many people to avoid crowded spaces, more and more people shopped online. According to one study, more than 14 percent of people worldwide online shopped in 2019 – a number that was expected to reach 23 percent in five years but will likely climb even
This has been an incredibly difficult year for many people as the COVID-19 pandemic has forced many businesses to make cutbacks while employees moved to a remote work environment. While working from home has many benefits – including not having a commute and the ability to be close to family
Debt collection during a pandemic may seem like a maze. Regardless of whether you are a current or future client, you want to know what your debt collection agency does to adjust to the pandemic. Besides taking numerous precautions at our offices to protect our team (masks, hand sanitizer, physical
As a business of any size, you may at times need to collect on overdue invoices. Having a formalized debt collection process will minimize the potential for cash flow issues in your organization. After all, you need to be able to pay your employees and your own obligations. Things can
While our company works hard to make the collections process as simple and straightforward as possible, that does not mean that your goal should be to end up with your unpaid invoices in collections! As a dermatology practice, collecting timely payment from patients is critical to taking care of your
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
Today’s workplace is a melting pot of different generations. How are you supposed to get everyone to work together? As a manager or business owner, you are in charge of leading different generations and getting great results. Managing a melting pot can be easier said than done. How can you
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
Are you feeling overwhelmed? 2020 is a year that is very draining for many people, and working in a stressful industry can compound things. This may make it even more difficult to stay happy and healthy. One recent research study found that over 2 in 5 banking executives described their
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
Working in a billing department is naturally stressful, as deadlines are often tight and absolute. A single problem in the billing process can lead to wasted time and serious delays. If you want to reduce stress in your billing department, there are many small and simple steps you can take