As a business owner, being able to identify red flags for potential collection problems is paramount to the short-term and long-term success of your organization. While some businesses have one-time issues paying for services or products that they received, others consistently struggle until they go out of business. The Commercial
Alacrity Collections Corporation started supporting the Anne Arundel Medical Center Foundation years ago and we are doing it again in 2019! ACC is delighted to be one of this year’s Diamond Sponsors of Denim & Diamonds for the 4th time in a row. This signature event will raise funds for expanding
What is the number one reason why Americans file for bankruptcy? While some would be tempted to answer consumer debt or mortgages that were too big, the answer is medical debt. Medical debt in America is a serious problem for individuals and families. According to the Kaiser Family Foundation, over
When you are working in B2B collections, there are numerous strategies for getting what you are owed. Check these previous posts for 3 Tips for Improving Your Accounts Receivable Process and 4 Tips for Making Difficult Phone Calls. Once an outstanding invoice has remained for a while, you need
While some shining employees make the decision of when to promote in healthcare finance and billing departments easy, other factors like revenue, budget and employee tenure can complicate things. Managers should never create a work environment where promotions are considered routine and warranted simply by showing up on time. Instead,
Business to business collections, or B2B collections, can be a long and frustrating process if you aren’t sure what you’re doing. From maintaining a positive customer relationship to collecting as much as possible under difficult financial circumstances, B2B collections is best undertaken by a professional. Preserve Your Business Relationship Unlike
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
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
Join our newsletter for updates about the collections industry, Alacrity news, and tips to improve your collection rates…