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With a quick search, you will find tons of information online about patient accounts receivable (AR), medical billing, and unpaid medical debt as it pertains to hospitals, doctor’s offices, and all other manner of specialty and medical facility. What you won’t find is a lot of information about patient AR and medical testing laboratories. However, medical testing labs face AR problems with clients as well and this can be just as big an issue for labs as it is for hospitals and medical offices.
by Paul Alan Levy. As I have discussed in several previous posts , Mathew Higbee has built up a significant copyright enforcement business that depends on the issuance of threatening demand letters that are followed up by a small army of “compliance resolution specialists” who nag and threaten large awards of damages, the issuance of judgment liens, imposing short deadlines before the matter will be “escalated” to “the litigation team.
Dear Tiff, I’ve just recently gone through a divorce, and now I find myself dealing with all my finances alone for the first time in years. I’m not really sure what to do going forward—not only because of the divorce expenses, but because I’m managing one income. Do you have any tips? Single and Ready to be Financially Responsible. Dear Single, Divorce is hard—no matter the circumstances.
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
Why Is Good Credit Necessary? The U.S. is known for its focus on data, metrics, and standardization. We create conventions to help define our lifestyles, our work ethic and our personal lives. These include numbers and systems of measurements such as mileage or temperature and even behaviors, social norms, symbols. Among these conventions, several have been formalized to become official rules by which we and the system we’re a part of can function.
For many people, working from home isn’t a strange concept. Today, there are a lot of freelancers that work in the comfort of their houses. With that being said, working remotely has been associated with an increase in productivity as well as effectiveness. On the other end, it does have its downsides—all of which we will discuss below. The coronavirus pandemic initially forced many employees to adopt a work from home schedule.
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Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
For many people, working from home isn’t a strange concept. Today, there are a lot of freelancers that work in the comfort of their houses. With that being said, working remotely has been associated with an increase in productivity as well as effectiveness. On the other end, it does have its downsides—all of which we will discuss below. The coronavirus pandemic initially forced many employees to adopt a work from home schedule.
The phrase “stimulus check” is second only to “coronavirus” or “COVID-19” as something to talk about these days and people are definitely talking. About 159 million Americans have received the $1,200 check promised by the federal government, but millions more are still waiting to get stimulated. The IRS estimated that another 30-35 million consumers are […].
Having your Social Security number or card stolen isn’t exactly like getting your bank account information taken. You can easily get a new bank account number and have your bank freeze your accounts. On the other hand, it’s a bit more difficult to get a new Social Security number from the Social Security Administration. What Is a Social Security Number?
When lenders take life insurance policies as collateral for loans, they need to be aware of what needs to occur to place a claim in the event their borrower dies. Furthermore, in the event the collateral was pledged to multiple lenders, lenders will need to know how to discern whether their assignment of life insurance takes precedent over the collateral interest of a competing secured creditor.
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
Everyone knows the old saying: Time flies when you’re procrastinating. Seems like only yesterday we were breezing past April 15 — the traditional deadline for income tax filing — and suddenly, the finish line looms again: Like a freight train heavy with overdue personal protective equipment, here comes July 15. Where did the time go? […]. The post Tax Season Countdown All Over Again appeared first on Debt.org.
The COVID-19 coronavirus pandemic has affected everyone all around the world. Extended isolation and sudden job losses have everyone thinking about their futures. Lots of people are concerned about losing a reliable income source during this time of crisis. Some have even been forced to shut their businesses. The global pandemic has turned many people’s financial lives upside down.
In accounts receivable, good call center agents are the best way to increase revenue collected and close more accounts. The front line agent’s job is to take payments. This means it falls to management to teach staff the security risks and PCI compliance requirements associated with credit card transactions. . Employees with high collection goals or busy call schedules can feel pressured.
Debt Collection enforcement visits to residential properties in the UK have been given the green light to resume from the 24th August. The news has been welcomed by High Court Enforcement Officers Association (HCEOA) It has been also welcomed by many businesses and individuals across the country who are waiting to be paid. It is thought this move will help fuel the recovery of the economy post Covid-19.
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
The D.C. attorney general sued four of the world’s largest oil and gas companies -- BP , Chevron, E xxonMobil, and Shell -- Thursday, asserting that they have engaged in a decades-long campaign to deceive District consumers about the effects of fossil fuels on climate change. The lawsuit, based on the DC Consumer Protection Procedures Act and filed in D.C.
Good credit is crucial to unlocking many financial opportunities in life. When you have a great credit score , you can get lower interest rates on car loans, credit cards and mortgages. Some employers and landlords even check credit reports before they make a job offer or approve a resident application. While developing a solid credit history takes time, follow some of these tips on how to establish credit once you turn 18 to get started as soon as possible. 1.
2 July 2020. Bertrand Russell once said: “What men want is not knowledge, but certainty.” Unfortunately, certainty is a commodity today that is rather hard to get hold of. There are many things we do not know. We don’t know, for example, if, when and where there may be a second wave of the virus, or when and how many local lockdowns there may be.
The COVID-19 crisis has rapidly changed the way individuals and businesses operate around the world, and with no clear end to the pandemic in sight, it’s unclear when, or how quickly, the economy will start to recover. To better understand the effect this uncertainty has had on debt collection, we analyzed data from over 12 million consumers of major banks, issuers, eCommerce companies, and direct lenders.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.
Identity verification has become an essential component for many of today’s businesses, especially financial institutions and e-commerce companies. Know Your Customer (KYC) and Anti-Money Laundering (AML) rules are driving the development of identity verification techniques throughout the world, although each country has its own regulations and organizations to enforce these rules.
Recording of the interview with Caroline Schneider of Capgemini on her vision on trends and the future of order-to-cash. Caroline Schneider has over 18 years of experience in designing and leading digitally innovative F&A credit-to-cash solutions for clients across multiple industries and geographies. While enjoying an afternoon coffee, Floor Stam, VP Marketing at Onguard, will interview Caroline.
Have you lost all hope of recovering a long-overdue debt? You’ve tried everything in your power, but the debtor doesn’t respond or keeps making excuses to buy more time. You’ve already tried hiring an agency, but they say there is nothing more that they can do. You might be preparing to write off these dues as bad debts — but there is still light at the end of the tunnel.
FCC Adopts 5G Upgrade Order To Clarify Collocation Requirements. By: Gregory D. Meese, Esq. & Edward W. Purcell, Esq. On June 9th the Federal Communications Commission (“FCC”) took another step on its path to streamline local government review of wireless technology siting by adopting its 5G Upgrade Order which further refines and clarifies its previous rulings related to Section 6409(a) of the Middle Class Tax Relief and Job Creation Act of 2012 (“TRA”).
Navigating collections in the dynamic financial landscape presents multifaceted challenges. Organizations face pressures to maintain standards alongside software challenges like regulatory adaptations, data integration, security, workflow optimization, and automation. Finding the right software can save time and money. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.
Managing Problem Construction Projects in Turbulent Times: Tools for Success is a multi-part education series designed for business owners and leaders in the construction industry. Part 2, titled “Liens and Protecting Your Right to Get Paid” covers Florida lien law and other mechanisms that subcontractors and suppliers can employ to ensure they get paid on construction projects.
Lawyers have always been better at managing their employees in-person. Law firms prefer butts in seats. of course, now those butts are in seats at their own homes. There’s no more managing by walking around. There’s no more looking over shoulders. Even as offices begin to reopen, they will do so in a way that contemplates social distancing, at least in the near-term.
Known in full as the American Hospital Association , the AHA is a national body mandated with representing hospitals, health care workers, and the medical community in general. Hospitals have always been tasked with the responsibility of serving all patients equally and with dignity. However, in the past, scrupulous health facilities have prioritized profits more than service delivery.
Transcript: Yes. Hello. Good afternoon, Richard Shea here with Sawin and Shea. As you are aware, due to COVID-19, there had been a lot of moratoriums on place regarding debt collection and especially related to utilities. Well, as noted in the Indianapolis Star, just yesterday, those moratoriums are starting to come to an end. So let’s talk a little bit about what to do if you’re in a situation where you are behind in your utilities and you’re facing potential shut off or termi
CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.
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