Without data points as guides, your executive team is not able to make decisions about the business. But which metrics are important for your A/R status reports?
4 Critical Elements to Include in Your A/R Status Reports
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RECENT POSTS
Capital Recovery Blog
RECENT POSTS
Capital Recovery Blog
How to Use Text Messages as Part of Your Collection Strategy
Texting has become almost a universal way to communicate with friends, family, colleagues, and even clients. Sometimes, it’s the fastest and easiest way to reach people. But in the world of collections, can you — and should you — send text messages? How to Use Text MessagesText messages don’t just come into play after your customer is late paying his or her bill. You can start using text messages with customers at the start of your relationship.
Less Bad Debt: 9 Steps You Can Take to Send Fewer Patient Accounts to Collections
Some clients and patients will never pay, and that’s just part of doing business. Of course, that costs your company money, and ultimately, the consumer. However, there are some steps your AR team can take to increase cash flow and reduce patient collections. Our team of collection experts compiled this list of ways to improve your collection program.
Outsourcing Payment Plans May Help Healthcare Providers with Cash Flow
About 56 percent of patients delay paying their medical bills because they can’t afford them.This is mostly in part due to the high deductible plans that most Americans now carry for their health insurance. With that and the fact 58 percent of Americans have less than $1,000 in savings, Healthcare Providers are seeing more scenarios daily of patients not being able to resolve balances in full.
CEO Shares Thoughts on Capital Recovery’s 34th Year
This post is from our CEO, Bill Rousselle, who shared some thoughts as the company celebrates its 34th anniversary.
Interview with a Collector: Capital Recovery Team Lead Shares Best Collection Tips
We recently sat down with Carleigh, one of our team leads, to learn more about her work and what tips she would offer to AR teams and business managers.
7 AR Policies to Lower Your Company’s Bad Debt
Tracking down overdue payments is a challenging task for any company — but part of the regular work for your revenue cycle team.
How to Keep the Cash Flowing in a Small Business
Lack of proper cash flow is one of the leading causes that many small businesses do not make it past their first year. In fact, a bank study showed that 82 percent of companies that fail do so because of cash flow problems.
Employee Spotlight: Brandy Seats
The Georgia Collectors Association (GCA) has selected our very own Brandy Seats as 2018 president. The GCA serves our industry by providing education, training and promoting ethical professional conduct. The GCA also acts as a voice in business, legal, regulatory and legislative matters. Learn more about Brandy here: