Blog
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
Cities: Rainy Day Funds are Valuable Tools
Rainy day funds can be valuable tools in helping to ease fiscal and economic challenges that are the result of the cyclical nature of the economy. The funds are kept separate from general funds and are intended to be used to amass extra money when available so it can later be used when needed during
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
IC System Receives CFO of the Year Award
IC System’s CFO and Executive Vice President Kurt Heinbigner has been announced by Minneapolis/St. Paul Business Journal as an outstanding financial executive in the Twin Cities. Minneapolis/St. Paul Business Journal announced its list of honorees on September 21, 2018. Mr. Heinbigner was awarded as part of the large private company CFO category alongside two other
What security safeguards should your collection partner have?
Data security and the importance of protecting consumer information remains a top priority for any business that gathers and stores sensitive records. Credit card numbers, personal contact information, social security numbers, and medical records could all be at risk if a business does not take the proper steps to protect themselves. This is especially true
Next Recession Will Pose Challenges for Local Governments
With several analysts warning that a recession could hit the nation in 2020, state and local government finance officials should be mindful of how their budgets will be affected by federal fiscal conditions. Specifically, a large federal budget deficit, coupled with historically low interest rates, could present challenges to local coffers in the event of
How can billing automation help with dental debt collection?
Cash flow is the lifeblood of your dental practice. But the thing that holds back your cash flow (and inflates your accounts receivable days) may have to do with the speed of your processes. If the invoices are only going out to patients in a trickle of paper statements, expect the payments to come in
