In today’s challenging and difficult economy, organizations of all sizes are facing ever-growing delinquencies in their accounts receivable and mounting debt portfolios. As any business’ in house debt recovery procedures play a necessary job in collecting outstanding, past due debt, most organizations just don’t have the available time, money and skill needed to collect efficiently and consistently.
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September 29th, 2009 Credit | Tags:accounts receivable, collection agency, Credit, debt collection, Debt Consolidation, Debt Management, debt portfolio, debt recovery, delinquent receivables, financial
Any business owner or manager who has ever made a collections call has done first party collections, whether they realize it or not. First party collections means collecting on your own accounts, so any request for payment by phone, letter or in person qualifies as first party collections.
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Flourishing numbers of patients that cannot pay their medical bills due to the economic plunge will be the greatest challenge to hospitals going forward, according to more than half (54%) of those answering a survey conducted this month by MedAssist.
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