Did you know that the most common cause of bankruptcy is medical debt rather than poor spending habits? Compared to other countries, the United States spends the most per person on health care. We understand that as a medical healthcare professional, your top responsibility is to provide the best possible care to your patients. If you have
Two-thirds of bankruptcy filings in the United States are the result of high medical bills. If you run a medical practice, collecting medical debt can be a daunting task, especially if there is an existing past due balance. While there’s no single solution to collecting payments on patient bills, we’ll cover some proven tips on
Over 90% of New Year gym memberships go unused after the first three months. While this is frustrating for gyms, it’s worse when they stop paying at the same time. Many businesses don’t understand how gym memberships and the lack of payment are affecting their business. In this article, we work on explaining gym collections
There are so many things to love about owning your own gym. Can anything top the satisfaction you get from seeing people working hard to be their healthiest selves? There’s a lot to enjoy about owning a gym, but there’s one universal downside people can agree on: dealing with past due payments. Debt collection is
Are you in the fitness industry? Are your account receivables affecting your business cash flow? Well, it’s time to hire a fitness gym collection agency. For your fitness gym, using a collection agency is an investment. Accumulating delinquent accounts can drain your business’ resources, patience, and time. Also, your account receivables make up one of
It’s no secret that the biggest challenge for most businesses is dealing with late payments. Your company may suffer serious cash flow problems due to late payments. It may also be among the 82 percent of businesses that fail due to cash flow issues. Fortunately, you can reduce late payments with help from debt collection
In 2019, 60 percent of debt collection revenue came from nonfinancial debts like utilities. Collecting on overdue accounts is critically important for municipalities. Municipal debt can leave your city or county with budgetary problems. You want to recover the money your customers owe you. How can you collect these debts more successfully? Learn more here
Did you know that the average amount of debt for Gen X is $140,643 and for millennials is $87,448 in 2020? With debt owing, increased expenses, and a fluctuating job market, repaying debt can be difficult for some people. Unfortunately, you need to get paid to be able to run your business. This is where
In the perfect world of business, payment gets tendered at the time of the exchange. Since we live in a society where credit is vital to the success of many industries, you may need a debt collector to recoup funds. Debt collection is a process business owners don’t want to deal with. Their employees are there
Are you in the dentistry field? Perhaps your account receivables have accumulated and are fouling up your cashflows. If so, then working with dental collection agencies is invaluable. Whether for private practices, dental groups, or dental service organizations, the right debt collection agency can help you recover debts. But you don’t want to soil your
