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Analyzing a healthcare collectionagency is not a simple task. This is especially true if you are a small to mid-size healthcare facility and are unfamiliar with how collectionagencies operate. What is your overall collections philosophy and what are your methods? Who will I be paying to represent my facility?
As it relates to collections and accountsreceivablemanagement , skip-tracing is the process of locating debtors whose contact information is no longer accurate. Often, companies have to purchase access to this information, or hire a collectionagency that already has access as part of their services.
There are a lot of collectionagencies out there, and we at National Service Bureau wanted to take this opportunity to explain why we’re a little different from the others. Our collection philosophy and track record help to differentiate us, but that’s not the only reason we might be a good fit for your business.
Chicago Mayor Lori Lightfoot this week similarly announced an end to the collection of city debt, including late parking fines, through at least April 30. The Education Department is suspending collections on federal student loans and urging private collectionagencies to stop pursuing borrowers.
Reign in AccountsReceivable Exceptions. Credit and accountsreceivablemanagement requires flexibility and judgment calls. Educate & Communicate. The credit policy is a compilation of expectations for customers and internal departments and the entire company must get behind it and support it.
2020 has been an unusual year for the accountsreceivablemanagement industry (to say the least). But the year also saw numerous pieces of legislation, (CFPB’s Regulation F to California debt collection licensing and more) that will impact how collections will operate going forward.
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