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Government is Making Debt Recovery a lot Harder

Nexa Collect

The US government has thrown a slew of laws on collection agencies, making bad-debt recovery harder and costlier. Lower recoveries mean, low recoveries and extensive loss for businesses and doctors. There are thousands of collection agencies in the USA, but most are small. New Regulations.

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How a Medical Collection Agency works?

Nexa Collect

A medical collection agency will send written demands and make persistent phone calls to your patients. Since debt collectors are on the phone all day long, they know every tactic to get paid. Since debt collectors are on the phone all day long, they know every tactic to get paid. Need a Medical Collection Agency?

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Laboratory Collection Agency: Patient AR-Billing Solutions

Nexa Collect

And, just like in other areas of the healthcare system, there can be uninsured individuals too that labs run testing for. Need a Collection Agency for your Lab: Contact us. Laboratory collection agencies will be familiar with the specific billing codes that laboratories use and be able to explain that to the patient.

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Impact on Credit Score due to a Medical Debt Default

Nexa Collect

Here are some points to consider regarding the impact of medical debt default on the patient’s credit scores: Reporting to Credit Bureaus : When a medical debt goes unpaid for an extended period, the healthcare provider may send the account to a collection agency. This is known as “pay for delete”.

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Common Myths About Using a Collection Agency

Credit Management Company

The average American has over $90,000 of debt , and many struggle to manage this number. Therefore, many people find themselves encountering collection agencies at one point or another. Unfortunately, much of what people “know” about the debt collection industry relies more on myths than facts.

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The Importance of Collection Agencies for Small Businesses Affected by Default Accounts

Debt RR

Collecting debts is time-consuming, especially if the debtor refuses to cooperate. Due to the frustration they encounter when collecting debts, they may resort to outsourcing the debt collection process to a collection agency for small businesses. How Collection Agencies Help Small Businesses.

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How to Stop Capio Partners

Debt Collection Answers

Even the most carefully crafted financial plan can be thrown off by unforeseen healthcare costs. Adding to the burden, specialized debt collectors in the medical industry can compound the stress of an already challenging situation. Capio Partners is one such agency that focuses on debt collection in the medical field.