Start collecting past-due accounts today with InstiCollect

Learn More

Start collecting past-due accounts today with InstiCollect

Learn More

Employee Spotlight: Charting Growth with Tamara Ward

tamara ward ic system

When Tamara started working for IC System seven years ago, she never imagined that she would come to lead IC System’s internal employee engagement and wellbeing committee. This year, in addition to her work as a Sales  Operation Specialist, Tamara will be taking over leadership of the committee from Joseph Erickson, who was recently promoted

Becker’s Hospital Review Lists IC System as RCM Solution

Becker's Hospital Review

Becker’s Hospital Review recently published a list of companies offering revenue cycle management (RCM) solutions in the healthcare space. The list stresses the importance of RCM today, particularly given recent regulatory changes and increased scrutiny of the industry from lawmakers. Becker’s Hospital Review is a prominent source of cutting-edge business and legal information for healthcare

Tax Season Debt Collection Strategies and Why They Matter

For many businesses, the holiday shopping season can make or break their year, constituting almost half of their annual sales. Similarly, the collection industry experiences a significant boost during tax time, with IC System witnessing up to a 30% increase in collections for our clients. This surge is attributed to consumers using their tax refunds

Recover Revenue on Healthcare Balances Under $500

Regulations for credit reporting healthcare accounts have changed in recent years. Credit reporting is no longer allowed for a full year after your healthcare accounts becomes delinquent, and accounts under $500 are no longer reportable. But there are a few common misconceptions about the new regulations: ⊗ You can’t place your healthcare accounts under $500 in

Solving the Unique AR Challenges of For-Profit Colleges

For-profit colleges face unique challenges in managing their accounts receivables, which are crucial to their financial health. This blog details some of the AR challenges of for-profit educational institutions and offers potential debt collection solutions for for-profit colleges looking to improve their recoveries. Unlike traditional colleges, for-profits typically cater to a student population that is

IC System Becomes DebtNext’s First Accredited Partner

DebtNext Accredited Partner Badge

IC System is proud to announce that DebtNext has made our company the inaugural member of its dPlat Partner Accreditation Program. As the first accredited company under the new program, IC System is a trusted partner for creditors looking to select a collection agency and integrate their past-due inventory using DebtNext’s comprehensive recovery management platform. DebtNext Software

Overcoming Staff Shortages in Healthcare

Dental and healthcare offices currently face staff shortages that significantly impact how providers address their AR inventories. The shortages affect many positions, from dental assistants to front office staff and nurses, who scramble to meet high demands with fewer resources. They also impact the back office staff, who must contend with billing matters. As a

The Disadvantages of Debt Collection, and Its Necessity for Businesses

Debt collection can be a necessary evil for businesses. When customers fail to pay their bills on time, it can significantly impact a business’ cash flow and profitability. Many businesses turn to a third-party accounts receivable management company to resolve the issue. However, there are also some risks associated with debt collection that businesses should

Star Tribune Names IC System a 2023 Top 200 Workplace

IC System has been named one of the Top 200 Workplaces in Minnesota by the Star Tribune. The 2023 distinction marks the seventh year in a row that IC System has been a Top Workplace. A complete list of those selected is available at startribune.com and was also published in the Star Tribune Top Workplaces

Healthcare Collections Still Possible Under New Regulations

New regulations and restrictions concerning credit reporting and the placement of healthcare debt with collection agencies have prompted some providers to stop placing debt with their agencies, especially accounts under $500. The response has led to a decrease in the revenue providers would usually receive from unresolved bad debt sent to their collection partners. Not