The Kaplan Group

MARCH 18, 2025

The survey uncovered that industries such as healthcare, manufacturing, and professional services experience distinct issues in payment collection. Healthcare companies showed considerable exposure to very high DSO, with three-quarters of respondents reporting DSO higher than 46 days.

Manufacturing 52

Manufacturing Healthcare Accounts Receivables Management Collections 52

Credit Management Company

MARCH 23, 2021

More and more healthcare professionals are wrestling with this decision and many other questions regarding outsourcing their revenue cycle management. As healthcare organizations look to a post-pandemic world, the ability to enhance cash flow grows in importance. Do They Have Healthcare Experience? Statistics from 2020.

Healthcare 52

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Credit Management Company

JULY 26, 2022

That’s on top of the increasing healthcare insurance premiums that Americans are paying, which rose 37% from 2015 to 2020. For healthcare organizations, this comes as no surprise, and it’s adding to the headache of trying to provide high-quality care that prioritizes patient well-being while also turning a profit.

Healthcare 52

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Credit Management Company

APRIL 6, 2021

Budgets are tight for both patients and healthcare organizations. T he pandemic also created financial problems for healthcare organizations. Knowing the struggles their patients are facing, several healthcare providers are changing their collection strategies. Healthcare Providers React to Current Events. percent and 5.7

Healthcare 52

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UK debt collections

NOVEMBER 3, 2021

The Healthcare sector was revealed as the sector that spent most time chasing debts. The online survey conducted by Debt Register, found that almost a third of all businesses spend up to three-quarters of their time on overdue invoices. Shockingly almost a quarter spent even more time chasing late payments at 76%+.

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Credit Management Company

APRIL 20, 2021

How quickly healthcare organizations see a healthy bottom line depends on several things. A new report from KaufmanHall released in Feb 2021 outlines three factors that are important to consider to understand the financial health of a healthcare organization. Improving Revenue Cycle Management.

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Healthcare Credit Management Collections 52

Credit Management Company

JUNE 25, 2021

Pittsburgh, PA - Credit Management Company is proud to announce it was recently selected as one of the 2021 Best Places to Work in Collections. Best Companies Group managed the overall registration, survey and analysis process and determined the final rankings.

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Credit Management Company

FEBRUARY 9, 2021

Everything—how children learn, how many of us are performing our jobs and how we can receive healthcare—has to some degree, moved online. This proposed legislation also looks at ways to expand the use of technology in healthcare. COVID-19 has disrupted the operating procedures for practically every industry.

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Credit Management Company

MAY 17, 2022

Maintaining best practices for resolving accounts can lead to a positive and supportive experience for consumers, and effective management of debt accounts for healthcare providers. Patients need as much information as possible to make smart decisions about their healthcare. Inform patients about potential payment arrangements.

Healthcare 52

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Credit Management Company

NOVEMBER 3, 2020

However, it would be an understatement to say that it has especially affected the healthcare industry. At the beginning of the year, healthcare officials were not even sure masks would help protect the population. Before COVID-19, both patients and healthcare personnel slowly adopted telehealth.

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Credit Management Company

NOVEMBER 29, 2018

Price transparency consistently ranks as one of the top factors for consumers satisfaction, yet the healthcare industry continues to have some of the most obscure pricing structures in the American economy. Starting in January 2019, regulations will require that healthcare providers post a list of their standard pricing on the Internet.

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Credit Management Company

JANUARY 12, 2021

According to RevCycleIntelligence , research has shown that less than 20% of healthcare organizations have automated over 25% of their revenue cycle processes. Choose the Right Partner: Contact Credit Management Company. Automation has many benefits - including reduction in time and less potential for human error.

Healthcare 52

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CICM

JULY 17, 2023

With an ageing population in many countries and the hangover of COVID-19, many Governments are taking on more debt to support their economies and healthcare systems. Reduced Public Spending When a Government focuses on repaying debt, less money is available for essential programmes like healthcare, education, and infrastructure.

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Credit Management Company

JUNE 29, 2021

Credit Management Company exists to provide world-class customer experience, unmatched value to our clients, and a growth-driven environment for our employees.”. You’ve spent your entire career in revenue cycle management for healthcare. It’s amazing how rapidly things are changing in the healthcare space.

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Credit Management Company

FEBRUARY 19, 2019

For healthcare companies in particular, collecting from patients accounts for 88% more revenue than it did in the past. For small to moderately sized healthcare providers, outsourcing typically comes out ahead due to economies of scale. Successfully collecting past-due accounts is a large source of revenue for organizations.

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Collections Healthcare Collection Companies 75

On Guard

DECEMBER 5, 2024

More specifically, 51,8% see the future of credit management tied to AI integration and over half (55,5%) expect the credit managers role to evolve toward providing strategic counsel, underscoring the need for human judgment alongside AI tools. What are you doing to make smarter decisions?

Credit Management 52

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Credit Management Company

DECEMBER 20, 2018

Some collection agencies make the mistake of pausing collection efforts during this time of the year to avoid increasing tension between the healthcare provider and the patient. However, this approach can be extremely counter intuitive - outstanding receivables affect the bottom lines of both the healthcare providers and the agency.

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Collections Healthcare Collection Agent Collection Agencies 53

Credit Management Company

FEBRUARY 8, 2022

Such as healthcare services , credit cards, insurance, and so on. Credit Management Company (CMC) is a nationally recognized Accounts Receivable Management Company providing services to the Healthcare, Commercial, and Consumer industries. Often, this coverage extends to your business, too.

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Credit Management Company

FEBRUARY 23, 2021

Even before the pandemic hit, healthcare providers have known the importance of being respectful when contacting patients about outstanding bills. To learn more about Credit Management Company and how we can help you understand these recent changes, contact us. Contact Us For Your Debt Collection Needs.

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Credit Management Company

OCTOBER 27, 2022

Credit Management Company provides full-service accounts receivable and collection management programs for healthcare companies. Debt collection practices evolve over time, especially as newer social media and online communications platforms emerge.

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Credit Management Company

JUNE 4, 2019

Hospitals and other healthcare providers are the most common type of organization with this problem, yet many of them have yet to get the help they need. Types of Businesses that Benefit from Debt Collection. Any business with a shortfall in their accounts receivable can likely benefit from working with a professional debt collection agency.

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Collection Agencies Collections Agency Collections Healthcare 60

Credit Management Company

MAY 4, 2021

With 55 years of experience, Credit Management Company knows that the design of a bill can result in faster payments by patients. While someone inside a healthcare organization may know the meaning of billing codes, the average person does not. Or they cannot afford to pay the entire bill and don’t know what to do.

Accounts Receivables Management 52

Accounts Receivables Management Healthcare Credit Management Collections 52

Credit Management Company

SEPTEMBER 23, 2021

The amount of data that’s collected in every industry—including healthcare—keeps growing. It’s estimated in 2013 there were about 153 exabytes of healthcare data generated that year and the number was projected to reach 2,314 exabytes in 2020. Did you know existing data can also play a role in improving revenue cycle management?

Healthcare 52

Healthcare Accounts Receivables Management Collections 52

CICM

JUNE 30, 2023

You can also talk to your healthcare provider or a mental health professional. The post How to look after your well-being and mental health at work appeared first on Chartered Institute of Credit Management. Your workplace might have mental health first aiders who can help. Do not struggle alone.

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Healthcare Credit Management Judgment 52

Credit Management Company

JUNE 15, 2021

Predictive Analytics in Healthcare. Here are two examples of how this is being used on the patient-side of healthcare. In this article, we’ll explain the role predictive analytics can play in helping determine the charity score for patients. Predictive analytics uses data from the past to make predictions about the future.

Healthcare 52

Healthcare Accounts Receivables Management Education Collections 52

CICM

JULY 17, 2023

“Ability to solve my issue” was the top choice, with 59% valuing this, followed by 54% picking “willingness to help” and 47% choosing “knowledge about the product or service.” • Healthcare gets an A: Consumer satisfaction with the customer service departments within healthcare organizations is high, 65% to be exact.

Healthcare 52

Healthcare Collection Agencies Collections Agency Financial Institution 52

Credit Management Company

FEBRUARY 22, 2022

If you’re a business hoping to hire a debt collection agency, consider partnering with Credit Management Company. We offer debt recovery for several industries, including healthcare, government, commercial, and more.

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Credit Management Company

MARCH 8, 2022

For example, if you’re an ambulatory service or healthcare facility, you need an agency with experience working in the medical field. Credit Management Company has the ability to resolve payment challenges quickly with superior communications. Look for a Debt Collection Agency in Your Industry.

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Credit Management Company

JANUARY 10, 2019

Both independent offices and major healthcare networks exacerbate their collection problems by using archaic billing systems. For large providers, high-deductible plans have resulted in hundreds of millions of dollars in lost revenue, and refocusing collection systems takes a lot of time and resources. Changing the Ways Bills Are Processed.

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Credit Management Company

JUNE 2, 2021

That gives you a starting point to determine if a person agrees to receive information from their healthcare provider electronically. Every hospital has data on which patients opt-in for email messages for scheduling appointments and receiving test results. You should also know which patients use your self-service portal.

Accounts Receivables Management 52

Accounts Receivables Management Healthcare Collections 52

Credit Management Company

AUGUST 7, 2019

This is why many healthcare facilities outsource their debt collections. By providing online payment options, automatic billing, and flexible scheduling, the debtor may feel more comfortable paying off their debt. Sometimes it's impossible to avoid appearing like a scam call, especially for inexperienced staff at medical providers.

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Debt collector Debtor Collections Healthcare 61

Credit Management Company

JUNE 14, 2022

This is common in the healthcare industry or commercial industry when consumers may have undergone many operations or worked with many contractors. Under the FDCPA, if a consumer owes more than one company debt, or has more than one debt with a company, the consumer is allowed to choose which debt their payment goes towards.

Collections 52

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Better Credit Blog

APRIL 5, 2022

HRRG Collections (Healthcare Revenue Recovery Group). Midland Credit Management. Harris & Harris Ltd. Hunter Warfield Inc. IQ Data International. Jefferson Capital Systems. Kohls Late Charge. LCA Collections. LJ Ross Collections. LVNV Funding. MBA Law Offices/CAPIO. McCarthy Burgess & Wolff. Medicredit.

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Credit Management Company

DECEMBER 29, 2020

According to Xtelligent Healthcare Media , President-elect Biden wants to increase the value of tax credits offered for plans sold on the ADA’s individual market. When more people have access to affordable healthcare, the amount of outstanding debt decreases. Contact Credit Management Company.

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Healthcare Collections Financial services Debt collector 52

Credit Management Company

MARCH 11, 2021

Most people use the terms interchangeably to mean a patient in one location and a healthcare provider in another location. The advantages of telemedicine for both patients and healthcare providers include: Reduced cost of care. Telehealth has a broader meaning and includes remote non-clinical services. Benefits of Telemedicine.

Healthcare 52

Healthcare Credit Management Government Collections 52

Credit Management Company

JANUARY 26, 2021

Some of his proposals—like providing hospitals with more personal protective equipment—will directly help healthcare organizations. Two of the ways his plan would expand healthcare insurance include increasing tax subsidies for health plans purchased on the Affordable Care Act and lowering the age for Medicare eligibility from 65 to 60.

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Healthcare Credit Management Banks Collections 52