As much as the debt recovery industry has been undergoing a major overhaul in the last few years, 2024 has been even bigger. Artificial intelligence (AI) has become the backbone of collections, enabling hyper-personalized strategies and seamless customer experiences....
RECENT POSTS
Capital Recovery Blog
RECENT POSTS
Capital Recovery Blog
5 Ways to Leverage Consumerism for Enhanced Patient Care
The world of healthcare is undergoing a major shift, and it's all thanks to patients who are starting to think and act more like consumers. Gone are the days when patients accepted whatever financial arrangements their healthcare providers put in front of them....
When Health Comes at a Cost: The Growing Burden of Medical Debt in America
The skyrocketing cost of healthcare in the United States has given way to a troubling reality: 79 million Americans are struggling with medical debt or medical bills, forcing them to cut back on essentials like food, heat, or rent due to rising medical bills. ...
Why Do Debt Collection Agencies Get Sued?
The consequences of a lawsuit can be far-reaching for collection agencies, extending well beyond the immediate financial and legal repercussions. A single legal misstep can set off a domino effect, triggering increased regulatory scrutiny, diminished client...
How to Prevent Bad Debt: 5 Practical Ways for Businesses & Individuals
Debt can be a double-edged sword — it can provide the necessary capital to achieve your goals, but if left unchecked, it can quickly become an overwhelming burden that undermines your financial stability. Preventing bad debt is crucial to maintaining a healthy...
How the new Florida law on healthcare debt collection impacts you
Is the new Florida bill on healthcare debt collection giving you a headache? Don’t worry, Capital Recovery Corp can help you understand and navigate this new legislation! Background First, a little background: both houses of the Florida legislation recently passed a...
Leadership Trends: Quiet Quitting, Self-Awareness, Remote Teams
Disruption is the new normal. And current buzzwords right now? Remote work, quiet quitting, and work-life balance. Making sense of broad trends can be difficult without proper context and analysis. This blog explores some of the most talked-about topics impacting...
How the Recent Bank Failures Will Impact the ARM Industry
The recent failures of the major banks have exposed vulnerabilities in the financial market. These institutions were handling hundreds of billions, many concentrated in sensitive areas. Their bankruptcies demonstrated the outsized risks these loan portfolios pose....
3 Major Challenges with Collections + Strategies to Overcome Them
In today's economic climate, businesses face unprecedented challenges in the collection process. From rising living expenses to changing consumer behaviors, it can be challenging to navigate the complex landscape of debt collection. But fear not because businesses can...