How Technology is Disrupting the Collections Industry
The future is here for debt collection technology. Is technology a good or a bad thing? The answer is it depends on how you use it. In the field of debt collection, technology is being used to improve the consumer experience while helping industries work smarter and improve their bottom line. Here’s how the new […]
How to Minimize Accounts Receivable Days and Streamline Your Revenue Cycle
Healthcare providers have always been under scrutiny to do more with less. Over the past decade, reimbursement has continued to decline, and healthcare costs have risen. The Advisory Board reports hospital prices have gone up; inpatient care rose 42% from 2007 to 2014. For employers, healthcare costs have increased by 5% annually for the past six years. There […]
New Challenges in Hospital Self-Pay Collections
Hospitals and medical practice providers are facing a brave new world where the realities of high-deductible insurance or no insurance at all have yielded a higher group of self-pay patients. How can hospitals stay on top of accounts receivable management with a burgeoning population of people that are sick – but cannot pay? Debt collections […]
Top Tech Trends Impacting Debt Collection
If your debt collection firm isn’t using analytics to predict consumer behavior you’re at risk of falling behind. ~~~ It’s no longer surprising that digital technology has disrupted every industry, including debt collection. From new data-driven software to internet security and workflow automation, tomorrow’s debt collection firms will look nothing like the local Mom and […]
3 Tips for Utilizing Data Analytics to Drive Your Business Forward
Changes in data analytics are helping businesses make smarter choices for their future. Predictive data analytics in the business world is becoming more and more necessary as it develops. Companies that do not adapt to the changes that predictive analytics brings forth will soon find themselves left behind on the road to success. Here are […]
How Data Scrubbing Can Improve Your Collections
When it comes to collections, data quality matters. Data scrubbing offers an efficient and targeted method of management to help rid your database of inaccurate, outdated, corrupt, or otherwise ineffective data so you don’t waste time. Know Which Consumers to Target A data scrubbing program can clean your data so you don’t target customers whose information […]
