Receivables
Published: 25/10/2009
The current economic slowdown is compelling increasing number of businesses to hold on to payables as long as possible. Companies are delaying making payments to preserve funds for their own business operations. Studies have shown that payments delayed for long periods often go uncollected....
Published: 25/10/2009
A good Medical Billing Service has the remarkable potential to increase your collection rates by 40% or more. However, how do they do it? Good metrics are the key to effectiveness of a medical billing service. Like any high performing business, they measure their performance with dependable...
Published: 08/10/2009
All organizations have some customers who delay payments or even avoid them. Unpaid dues or bad debt is an unavoidable problem for all organizations. However, for small businesses, bad debts can take on a nightmarish quality by reducing cash flow drastically. Restricted cash flow hampers the...
Published: 03/09/2009
The amount of days money is due to you remaining in accounts receivable (AR) provides a solid indication of how long it's taking you to collect money owed to your practice. The Medical Group Management Association's family practice accounts receivable benchmark breaks down like this:
0-30...
Published: 04/09/2008
One of the problems that many small businesses will face is that they sometimes find it hard to collect account receivables and overdue invoices payment. By failure to do so, small businesses will run into cash flow problem which will affect their operations. Therefore, it is important for you to...
Published: 22/08/2008
Many debt collection agencies are avaliable today, but only a few stand out from the crowd. We examine the standards that you should be loking for when making a choice.
So, Why Use A Debt Collection Agency
When deciding upon using the services provided by a debt collection agency, the...
Published: 01/07/2008
Debt collection agencies in general are considered in the public eye as having a bad reputation of verbal abuse and are accused of using force to get the money back. This misconception built around the fact that some stories which appear in the press give that impression that this is the case...
Published: 01/07/2008
The single most important factor in your getting your money back is to spend your money wisely on selecting the best collection agency. These agencies charge based on a lot of variables and in the end that may determine the price you pay for getting back the money owed to debtors.
Most of the...
Published: 21/06/2008
Many people believe that just because a person owns a medical practice they have a lot of money. In some instances this can be true however, many times a physician can own a medical practice and still have very little money to show for it. This is not because he or she is not a good physician,...
Published: 19/06/2008
Throughout the country, busy medical practices are turning more and more toward medical billing companies because of the level of service they provide.
Any type of medical practice can use medical billing. It is a cost effective way to run the business end of your medical practice.
Small...
