How Accounts Receivable Management Helps Small Businesses with Profit Recovery
One of the reasons small businesses avoid hiring collections agencies is because they don’t feel they can justify the costs. But after hearing weeks and months of excuses from customers as to why they cannot pay and seeing the lost revenue from those invoices diluting company profits, it becomes obvious that hiring an agency is […]
Five Fatal Financial Fails Small Businesses Make
Mistakes can happen to the best small business owners. The number one way to prevent financial fails from coming to fruition is to be aware. To help, we have broken down the five most fatal financial fails your small business could make, and how avoiding these will ultimately benefit you in the long run. 1) […]
Revenue Cycle Management: How Hospital Collection Services Can Aid Your Medical Billing Efforts
You were trained to treat people — not perform cash extractions. In a hospital or other medical facility, revenue cycle management, or RCM, determines the business’s profitability. Healthcare finances differ from those of other businesses because clinicians must take extra steps to collect payments. Between submitting claims through insurance companies and billing clients for out-of-pocket […]
Your Business Can’t Afford For Debt Collection To Be a Black Eye
You don’t want your business to look like this. Nobody likes those two words: debt collection. It brings to mind images of scarcity, unpleasant confrontations, and sleepless nights. However, when you run a business and extend credit to your customers, you have to deal with debt collection. How you manage it can influence cash flow, […]
The Cure for the Cancer of Student Loan Debt Revealed
Education is a necessary financial evil. Higher education is required to provide the best opportunity to securing a financially-gratifying career, yet the financial burden of higher education can break the bank. Most students are unable to afford college tuition without some sort of financial aid, often in the form of student loans. With student loans […]
3 Reasons Paying Their Bill Is Not Your Customers’ Priority
There are probably very few people out there who get excited when they received a bill or invoice with an amount due. For many customers, paying certain invoices is not a top priority when it comes to the grand scheme of their financial breakdown, which is not the best situation for you and your receivables […]
Outsourcing Accounts Receivable Management Can Boost Healthcare Providers Growth
Gentle reminders are our first choice to collect accounts receivable. Maintaining cash flow in healthcare is an important part of keeping a business healthy and growing. When there are problems collecting accounts receivable, it can affect a business adversely. Outsourcing can be a practical solution to improve your accounts receivable management and boost your income. […]
Taming Your Cash Flow Before It Eats You Alive
There are no shortage of “beasts” your business needs to tame in order to thrive in the marketplace. Some might read that and think of scaling to meet the needs of a growing client base or managing difficult employees, but cash flow can be one of the biggest monetary monsters you can encounter as a […]
TSI Hosts a Collections Compliance Webinar
On Wednesday, May 18, TSI tackled the often intimidating subject of compliance in a webinar cohosted by TSI speakers Tracy Spears and Jonathan Thompson. Spears and Thompson covered the current compliance climate from A to Z, discussing what abusive collections practices led to the influx of regulatory changes that define our current regulatory environment, before […]
TSI hosts record-breaking leadership webinar with MGMA
On Tuesday, April 12th, TSI broke a company record with leadership webinar “Coach Them Up or Coach Them OUT!”, presented by TSI speaker and Vice President, Tracy Spears. The webinar was co-hosted by MGMA as part of the Executive Partnership program, and was attended in record-breaking numbers. “Coach Them Up or Coach Them OUT!” is […]
