Author: Brian Eggert
Dental Accounts Receivable: How much will you get back from a collection agency?
If you’re looking at using a collection partner to recover bad debts from your dental patients, you might be thinking about what success looks like. A 100-percent recovery is ideal. But as you’ve probably surmised, that’s a best-case scenario. When you’re screening collection agencies for dental accounts receivable, an important question to ask is how much
Revenue cycle secrets for clinics and practices to reduce the number of A/R days
It would be an understatement to say our health insurance system has seen a seismic shift in the past decade. It makes revenue cycle management a challenge because patients, not insurance companies, are paying for a larger share of their medical visits. According to one study, a patient’s cost-sharing payments for medical care have outpaced
IC System Volunteers for Rotary Lights Winter Festival
More than 34 employees from IC System’s Wisconsin branch office volunteered to help gather donations and oversee the Rotary Light festival in La Crosse. Each night, a different business or group volunteers its time to the winter festival. Decked in IC System stocking hats and scarves, the volunteers gathered for three shifts on December 4
Collecting in-house vs. a collection agency: Does it make financial sense?
Focusing on past-due accounts is the most important component of accounts receivable management. In order to recover accounts receivable, the path to success is setting up a system where late-paying customers get reminders and those reminders are consistently administered. This alone may raise the question of whether your firm should keep the collection efforts in-house or
How customer segmentation can optimize your accounts receivable
If you’re looking for a way to optimize your accounts receivable, customer segmentation is one strategy you’ll want to adopt. The idea behind customer segmentation is using their past behavior to help you decide how to respond if they fail to pay you on time. Taking this strategic approach to accounts receivable management will help
IC System Celebrates 80th Birthday Month
IC System commemorated its 80th birthday this October in a month-long series of celebrations. This month marks our 80th year in business, and as new octogenarians, our company has had a major event planned every week for its employees to celebrate. IC System was founded in 1938 on the guiding principle of giving their customers ethical, honest service. Eight decades
IC System Partners with eClinicalWorks
IC System, a leader in the healthcare accounts receivable industry, has partnered with eClinicalWorks, a trailblazer in healthcare technology solutions, to offer medical care providers a modern and efficient collection solution. Users of the eClinicalWorks practice management system can now automatically connect their account to IC System. The new partnership will save providers time and
How collections can shrink your accounts receivable
Sending bad debts to a collection agency is the first step toward reducing your accounts receivable and freeing some locked-up capital. If you work with a strong and experienced collection partner, they can provide the tools and resources to resolve as many accounts as possible. This would further reduce bad debts and give you access
Questions to get answered before hiring a collection agency
While there are many reputable collection agencies out there, there’s a reason why the industry has gotten a bad rap. Before you choose a collection partner, it’s important to do your research. But how do you know what to look for in a reputable collection agency to represent your business? Let this serve as a
IC System Honored with Brainier Award for Employee Development Program
IC System is proud to announce that it received the “Customer Excellence Award – Developing Leadership/Blended Learning” from Brainier at the 2018 E3Learning User Conference held September 17 and 18 in Minneapolis. IC System received the award for their employee training and development program, called Leaders of Tomorrow. The award-winning program cultivates employee talents, teaches
