Managing overdue accounts receivable (A/R) in healthcare is a balancing act. Healthcare providers need cash flow to sustain operations while maintaining patient relationships and navigating complex insurance reimbursement processes. Traditional collection methods can...
RECENT POSTS
Capital Recovery Blog
RECENT POSTS
Capital Recovery Blog
Finish 2024 Strong: How Outsourcing Debt Collections Preps You for 2025
You know how crucial it is to keep your cash flow steady and stay on top of your accounts receivable (AR). But as your business grows and you get more customers, managing AR can get pretty tricky and time-consuming. That's when outsourcing your debt collections to a...
Navigating the Minefield of Debt Misinformation on Social Media
Imagine this: you're scrolling through TikTok, laughing at the latest dance video, when suddenly a video pops up promising to help you wipe out your debt with one simple trick. You’re intrigued, and you watch a self-proclaimed financial guru break down what seems like...
Capital Recovery Corporation Achieves SOC 2 Type I Compliance, Demonstrating Commitment to Data Security and Privacy
Capital Recovery Corporation (“Capital Recovery”, “CR Corp”) is proud to announce that we have successfully achieved SOC 2 Type I compliance. This certification affirms our dedication to maintaining the highest standards of data security, availability, and privacy for...
Medical Debt Recovery Rates in National Healthcare A/R Management – Case Study
Background This case study examines a large healthcare system that sought to optimize its recovery rates on patient debt through both in-house collections (early out) and third-party collections. The healthcare system managed a diverse portfolio of patient accounts,...
Understanding the Statute of Limitations on Medical Debt: Compassionate Solutions for Debt Recovery
Medical debt is a burden that impacts millions of Americans, leaving many struggling to find financial balance. At Capital Recovery, we understand the emotional and financial strain this can cause—not only for the individuals carrying the debt but also for our...
Debt Collection Trends 2024: Emerging Patterns and Classic Approaches to Watch Out For
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....
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. ...