BC Advantage - 2015 Issue 11

Collections: Collecting money has become harder than ever!

If your client's accounts receivables are sitting at a reasonable number that likely means you're doing a solid job running the business side of a medical practice. At the same time, however, collecting money has become harder than ever. What worked for you and your clients four or five years ago may not be as effective today.Across all businesses, one in three Americans has an account in active collections. Adding to the pressure, at the beginning of the year, FICO de-emphasized medical debt on credit scores - which means money owed to doctors and hospitals does not influence...

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