Making use of debt collection services, and knowing when to hire outside collection agencies is often important when you operate a business. When credit is extended to customers or clients it is often a gamble, because even those with excellent credit history can occasionally miss a payment or experience financial hardship. Regardless of the circumstances however, it is still important that their payments are made to you on time as agreed.
Today, business owners confront new cash flow challenges due to tightening credit markets brought on by a recession, the subprime mortgage fallout and economic crisis. With less availability and access to credit, businesses are faced with looking for other avenues to maintain positive cash flow and keep their businesses operational.
Tuesday, June 16, 2009
Wednesday, June 3, 2009
The world of chasing payments and EOB's - medical billing news!
It is extremely challenging to chase down payments if you are not receiving timely EOB's. The only options available is the nightmare of calling the insurance carriers, which MANY have outsourced to palces like India and Asia AND searching the web. The best solution? Get your clients to send you the EOB's that you need in order to properly close out claims AND to invoice your own client. Tough stuff.
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