In today's tough economic times, Healthcare Practices need to find more effective ways to recover their losses from delinquent patients. It is a fact, that the longer a debt goes uncollected, the less chance the practice will have to recover the debt. Therefore, the first 90 days are critical in the collection recovery business. 

 

Unfortunately, most Healthcare Practices will try to recover the debt themselves and ultimately decrease their chances in collecting it at all. Healthcare Practices tend to hold onto the debt too long for fear of jeopardizing the patient relationship, cost of the collection agency, losing control of the asset and lack of confidence in the results from the collection agency.

 

• You never want to fire the patient. Turning the patient over to a collection agency will surely jeopardize the practice-patient relationship. Utilizing AR Practice Consulting, LLC unique collection process will provide the practice will all of the necessary tools to effectively recover the debt without the patient knowing they are in a collection process. You are in control of your assets and the process at all times. 

• The practice should not have to absorb the 33-50% collection cost to recover any debt. These high collection fees force the practice to hold on to the debt too long. AR Practice Consulting, LLC fees are much lower at 5-25% thus allowing the practice to pursue the Accounts Receivable in the earlier stages when the debt is more successfully collected. Our system improves the chances of recovering your delinquent accounts while saving the practice valuable time as well.

Collection companies’ failure to collect your delinquent accounts is a direct result of getting the debt too late as well as the size of the debt. Small debts are very common in the healthcare business adding to very high losses to your practice. Collection agencies do not aggressively pursue the small debts because their overhead costs are too expensive.

AR Practice Consulting, LLC treats every delinquent account the same no matter how small the delinquent amount. Our systematic approach can successfully collect the smaller accounts adding more money and cash flow to your practice.

 

We also incorporate credit bureau reporting and attorney intervention when necessary, another plus working with AR Practice Consulting, LLC. We offer a complete, professional process at a very reasonable rate. 

 

 

Collect more, lower your collection costs and save valuable office time. 

 

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