Collection agencies abound, from big to small, often offering a handful of services you may not know if you need. If you’re trying to figure out the best collection agency to partner with your business, we’ve compiled 6 important steps so you can feel confident you’ve made the smart decision.
Invoicing is time-consuming and can often feel tedious, but keeping your books in the black is critical to maintaining a smooth business operation. We’ve put together a list of 8 common invoicing mistakes to help you streamline the invoicing process and get paid faster. Time Is Money Not sending the
If you’re considering outsourcing your debt collection to a third party, you’re likely to be inundated with unfamiliar terms and acronyms. You should always feel empowered to ask people to define those terms for you, but we’ve compiled a list of ten collections acronyms that Alacrity Collections uses. Legal Acronyms
When it comes to collecting owed debts, it can really be a race against the clock. Once the statute of limitations is met, collecting debts is virtually impossible. As such, proactivity is key! Here is our advice for ensuring you collect owed money before it is too late. Step one
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
Healthcare providers are increasingly relying on patients for revenue gain. As such, it makes sense to develop a payment program to make repayment flexible and available to all patients in need of your care. As you develop your own patient payment plans, be sure to keep these seven best practices
What is the best course of action to take when you are holding up your end of a deal, but your client isn’t paying their invoices? In truth, it’s a delicate situation that you will want to approach carefully in order to maintain a strong client relationship, steer clear of
As we move deeper into the year, it’s starting to feel like there is a light at the end of the tunnel when it comes to our efforts in overcoming COVID-19. Even still, the battle isn’t over just yet. The pandemic is still playing a significant role in shaping the
It’s never ideal when clients start showing signs of financial distress. We have to ultimately decipher if their difficulty is merely temporary or if bankruptcy could be on the horizon before we know it. Here are some tips for distinguishing and preparing a response for either scenario. Spotting the Signs
If you own a small business, you are probably already familiar with how difficult it can be to collect an outstanding debt or owed money. You want to receive your due payment, but your repeated attempts to collect from your customer haven’t been successful. If you’re thinking of hiring a
A business credit score provides potential lenders with a rating on your company’s overall credit, including factors such as payment history, current credit utilization and company size. These scores work similarly to your personal credit score, with that being said, we will discuss a few key differences below. Just as
Nothing is more critical for the long-term success of your business than an excellent reputation. While advertising and marketing may get customers in the door, sterling customer service and attention to detail will build a great business reputation that will lead to returning clients and word-of-mouth referrals. Let’s look at
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