In the healthcare landscape, revenue cycle management is something that every practice strives for, but many struggle to achieve. When you are unable to successfully communicate with payers and collect on overdue payments, it’s impossible to get ahead. However, with the right partners and plan on your side, there are
It’s easy to think of business owners who are victims of business fraud as naive or clueless. After all, who would be so gullible as to fall for a scam? However, business fraud can happen to both big and small companies. Many scammers make a living taking advantage of small
While collecting from consumers versus businesses has similarities, there are many legal and practical differences between the two. If you are a business in need of a skilled collection agency, you need to fully understand the skillsets required by consumer collection and commercial collection agencies. Collecting from Individuals Some collection
What Information Can Be Found on Social Media? The better question might be “what information can’t be found on social media?” Many debtors, whether an individual or a business, regularly post on social platforms and disclose information about themselves, their schedules and their potential income. A simple search on Google
Where did the year go? 2018 zipped by in the blink of an eye, and many business owners are now sitting down to knock out end of year financial tasks while juggling holiday shopping and family gatherings. What end of year financial tasks should be on the top of your
The end of the year is a festive and fun time. From gathering around the table to eating turkey at Thanksgiving to baking cookies and exchanging gifts with family and friends, the warmth and spirit of the season are everywhere. However, the festivities and merriment can make collecting during the
The stack of unpaid invoices in your business’s office isn’t just an eyesore; it’s also preventing you from reaching your financial goals. The best way to improve your collections rate is by avoiding the need to collect in the first place. Researching your clients and staying informed about their financial
Nobody said that running a small business was easy, and collections are one of the hardest parts of running a profitable operation. 80% of new businesses fail within the first few years due to a lack of cash flow. Not getting paid will kill your business quickly, while getting paid
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”
Running a small medical practice is anything but easy, and it’s even harder when your stack of past-due accounts is getting higher and higher. Managing accounts receivable is tricky enough when you have a packed AR department, so it’s only understandable that you’re feeling a little overwhelmed! How can you
Community Outreach Alacrity Collections Corporation launched a Community Outreach Program. The program offers seminars to help consumers better manage their bills by sharing helpful information. It also addresses how to avoid debt collection and how to deal with debt collectors if the consumer falls behind with their payments. Alacrity recently
While we’re a decade away from the financial chaos of 2008, many finance industry businesses have struggled to attract and retain millennials. With a recent report indicating that only 10% of millennials currently working in finance plan to stay in the field over the long term and almost half were