Small Steps, Big Wins: Quick Wins for Revenue Cycle Improvement
Healthcare providers face growing challenges in managing their revenue cycles, from increasing administrative costs to rising denial rates. While long-term strategies are essential, quick wins can make an immediate impact, setting the stage for sustained success. By focusing on small, targeted improvements and leveraging insights from trusted partners, providers can streamline processes, reduce revenue leakage, […]
Maximizing Bad Debt Recoveries: Navigating Limitations and Driving Results
Bad debt recovery in healthcare has become increasingly complex as regulations tighten and traditional methods face mounting restrictions. From CFPB guidelines to credit bureau limitations, providers must now adapt to new realities while continuing to optimize financial performance. The good news? There are innovative strategies that allow healthcare organizations to maximize recoveries while staying compliant […]
Why You Should Turn Over Aged B2B Accounts to a Collection Partner Quickly
In the realm of B2B (Business-to-Business) transactions, maintaining a healthy cash flow is pivotal for the sustainability and growth of a business. However, this balance can be disrupted when clients delay payments or accounts become aged. This is where the strategic decision of turning over aged B2B accounts to a collection partner quickly becomes vital. […]
Contract Negotiations with Payors: Are You Negotiating the Best Reimbursement for Your Organization?
In the ever-evolving world of healthcare, one of the most critical aspects that healthcare providers must navigate is contract negotiations with payors. Ensuring that your organization receives the best possible reimbursement rates is not just about maintaining profitability; it is about ensuring that you can continue to provide high-quality care to your patients. In this […]
How Streamlined Debt Collection Helps Financial Institutions Maximize Profit
Accounts receivables are arguably one of the key areas of concern for any financial institution. More often than not, financial institutions may struggle if they do not have an effective debt collection process in place. Customers who do not make payments on time, or even worse, do not make payments at all, represent a major challenge […]
Top 4 Ways Educators Can Minimize Delinquent Receivables
Whether you’re operating a Montessori school for preschool-age children or a major university that educates the brightest young minds, you need cash flow to continue your work. When parents and students fail to pay their bills, you run the risk of putting your educational institution’s future in jeopardy. Delinquent receivables often go unacknowledged in educational settings because […]
The Impact of Bad Debt on Sales
Companies may sometimes become accustomed to thinking of bad debt as a cost of doing business. After all, every accounting department has to write off bad debt every once in a while, right? That’s not necessarily the healthiest way to view any bad debt you may have out there. Instead of worrying about your write […]
Maintaining Debt Collection Diplomacy While Collecting for Government Agencies
As we start the fourth quarter of the year, we find ourselves reflecting on how debt collection for government agencies is particularly challenging. The debt collection agency must maintain the highest standards for a positive citizen experience while still managing the complexities of a bureaucratic setting. TSI is particularly accomplished in this area, having spent […]
5 Tips for Hiring a Collection Agency
When unpaid accounts interrupt your cash flow, you have two options: Collect the debts yourself or hire a collection agency. The latter option may prove to be the most cost-effective for businesses as long as they hire the right company. Read on to learn about the essential criteria when hiring a collection agency. Learn About […]
The Future of Self-Service in the Debt Collections Industry
Self-service technology options are changing debt collections. Technology has dramatically changed debt collections – along with every other industry sector. Today, many of the formerly laborious tasks of the debt collections industry have been automated. This includes self-service options that allow consumers to do-it-yourself when it comes to past-due balances. It also includes innovative web […]
