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Best Practices for Medical Accounts Receivable Management

Nexa Collect

Never threaten to send your patient’s account to a collection agency except for cases when it is legally allowed and you actually intend to do so. Maintain clear records of your practice’s attempts to collect an outstanding balance. . or after 9 p.m. the creditor), which may leave the creditor exposed.

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Finding A Collection Agency

Credit Management Company

Perhaps you need to consider working with a collection agency. Read on to learn how to hire a collection agency that will serve your best interest and protect your good reputation. Menacing threats and middle-of-the-night phone calls are not the methods top debt collection agencies use.

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Starting a Debt Collection Agency? Here are the Tools to Success

Payment Savvy

We don’t need to justify the vital role collection agencies play in our economy. Agencies also help consumers stay accountable for their financial purchases with manageable repayment plans. Are you interested in opening a collection agency? Not sure where to start? Gain Experience.

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6 Ways Collection Agencies Can Offer Customer Satisfaction

Payment Savvy

When an account goes past due, many send the account to a reputable and compliant collection agency to obtain monies on their behalf. Even during debt collection, agencies should deliver exceptional customer service and, ultimately, end the relationship with a satisfied customer.

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A Brief Guide on Services Provided by Debt Collection Agencies

Credits Inc

A study conducted in 2017 indicated 8,513 debt collection agencies were operating in the United States. The primary purpose of business debt collection services involves recovering delinquent amounts and past-due debts. Subsequently, the consumer officially becomes a debtor. business debt collection services.

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What You Need to Know About Debt Collection Agencies

Credits Inc

million in debt was recovered by debt collection agencies. This reflects their effectiveness in debt collection as well as keeping you in business should you require their services. Here is a detailed guide to help you understand more about a debt collection agency. business debt collection services. ,

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Minnesota Passes Laws Affecting Debt Buyers

Troutman Sanders

On June 26, Minnesota Governor Tim Walz signed into law a bill that expands the regulation of the accounts receivable management industry to include debt buyers and affiliated companies. Debt buyers, like collection agencies, must apply for a license with the commissioner of the Department of Commerce by January 1, 2022.