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Medical Collections

HF Holdings, Inc. understands the need to maintain the privacy of your patient’s information and medical history. Our experienced debt collectors strive to preserve the patient’s relationship with your medical office, while also providing a customized approach to medical debt collections that best suits your company’s needs.

  • HIPAA Compliant
  • Payment plans
  • Credit Effecting
  • 24/7 access to our Client Portal

Your patient’s information is never shared and is always secured. Contact us today to discuss how we can create a tailored debt collection program for your medical or healthcare office.

NO RECOVERY, NO FEE DEBT COLLECTIONS

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Requests are responded to within 24 hours.

* We don’t share your personal info with anyone.

Our Services

Commercial Collections

Consumer Collections

Medical Collections

Tenant Collections

Skip Tracing

Judgement Collections

International Collections

Small Business Collections

Immediate Litigation

NSF Returned Checks

Government Collections

Utilities & Telecom Collections

Financial and Default Loan Collections

Educational Institution Collections

Frequently Asked Questions

We are the professionals! Third-party intervention significantly increases successful debt recovery.

The individual’s credit score will be negatively affected. We will also audit the claim to determine if the claim warrants legal action.

We will happily accept your old debts! The statute of limitations varies in each state so call us at 877-680-6064 to see if your debt is still valid

We use cutting edge technology to locate your debtor’s whereabouts, contact information and assets; all of which are critical to successful recovery of your money.

That’s great news! Report the payment to us ASAP and we can bill you for our commission.

Many debts are collected within the first 30 – 90 days.

Yes! Since there are costs associated with taking someone to court, this phase is always optional and we will never take legal action without your authorization.

You can access our Client Portal 24/7! You can also call us anytime at 877-680-6064.

Once your debtor’s payments adequately clear our account, we’ll get a check out to you thereafter.

Click here to request a quote or submit your claim today.

Learn More About Medical Collections

Medical Billing Collection Services – Maximize Your Collection Rates

 

Running a medical business can prove to be a taxing experience. With such a plethora of factors to account for, operations often become overwhelming. Many aspects of a business require close attention to detail. Medical businesses rightly focus on customer care, but when it comes time for patients to pay the bill, the situation quickly becomes murky. When insurance companies fail to cover the expenses in part or whole, medical businesses begin to seek out alternative methods to recoup the debt owed. A variety of businesses outsource the task of tracking debtors and recovering funds from a delinquent account.

Medical billing collection services provide a necessary service in regards to achieving the desired result of debt recovery. These services begin with soft, diplomatic pressure in order to convince the debtor to meet their outstanding financial obligation. This does not always work, however, as some people need to be reminded that there remains legal action which can be taken against them. The simple risk of legal recourse is often times an extremely powerful tool to motivate the debtor to repay. It is true that, for a variety of reasons, some are sincerely unable to pay for the services provided to them. In these cases, medical billing collection services offer options that are more viable for the customer in question, including monthly installments. It is vital that the medical billing collection agency that one chooses have the capacity to maintain a professional, productive method that ensures a positive result for all interested parties. It is our philosophy that, not only recovering debt, but also preserving your business’s clientele base is a top priority and should be dealt with accordingly. Accountreceivable.com is well-suited to manage precisely these types of cases.

To get started today, call our toll free 1-877-680-6064 to speak with an associate or fill out the form above and we will contact you within 24 hours.

Hiring a Collection Agency For Medical Collections

 

Do you feel the time has come to begin streamlining your accounts receivable files? Then it is the time to hire a collection agency. Skilled collection agencies can properly asses all accounts of medical providers, medical facilities and any creditor with medical bills that remain unpaid. An extensive amount of delinquent accounts is certainly an issue that should be addressed immediately. There are many services and functions that a professional collection agency provides to their clients. These range from a demand letter to the debtor and contact via telephone. In the cases of those whose whereabouts are unknown, there is a specific method the collection agency utilizes to locate the debtor. This process, known as skip-tracing, requires a particular skill set in order navigate the information successfully. The collection agency can use this information to verify assets of the debtor which in turn helps to quantify the success rate of bringing legal action against a debtor. In these cases, the collection agency can also appear in court on behalf of their client, during legal proceedings, to attempt to acquire a judgment.

It is worthwhile to note that if your business is seeking out a collection agency, you may ask them to furbish references so you may best determine whether or not the agency is a good fit. Moreover, a great way to acquire accurate information is to check with the attorney general of the respective state. This allows one to view any complaints or whether or not there has been any legal action taken against the agency. Keep in mind, the collection agency will be attempting to collect outstanding debts on behalf of the client and situations can sometimes go awry. This is why establishing a good relationship from the beginning of the collection process will ensure a smooth process moving forward. A client may always inquire about the Fair Debt Collection Practices Act (FDCPA) and how it specifically applies to the collection agency. These are the laws that govern most collection agencies in the United States and they must always act in accordance with these laws to ensure that the rights of the debtor are never violated.

To get started today, call our toll free 1-877-680-6064 to speak with an associate or fill out the form above and we will contact you within 24 hours.

Medical Receivables Funding

 

Medical receivables funding is a valuable resource that is used to generate revenue for healthcare facilities. It is a financial opportunity that many businesses exploit, however it is under-utilizing by health care facilities. Our financial institution provides funding for health care providers for monthly revenue, increased services and for expansion and growth. This is a means for increased monthly revenue for home health care providers, nursing homes, hospitals, sole practitioners, rehab and therapy services and more. It is now possible to combine excellent health care service and financial success by joining our team of experts.

Medical receivables funding utilizes factoring which has been widely used by the business world. It is seen as a successful means for growth and progress. We now provide this service for health care facilities. Factoring turns your accounts receivable into an immediate source of cash flow. Now is the time to team up with experts with the skills to bring your facility to a heightened level of financial profit. Difficulties meeting payroll can be replaced with growth and adding new clients through medical receivables funding. Internal bill collection tends to hinder the flow of day to day operations as well as efficiency and profitability. Our reliable services offer timely and important revenue for numerous facilities. We will provide you with the ability to provide payment opportunities for client services. In turn, we collect the payments, while building your patient’s ability to receive services and your ability to provide services. This increases daily business practices and provides clients with services that they can afford through payment options.

Factoring bridges the gap between billing and payments and streamlines the process as a whole. Factoring stops unnecessary delays in payments and produces steady income to the health care facility. Now is the time for experiencing opportunity through medical receivables funding. Factoring opens the doors to financial growth through financing payroll, acquisition financing, restructuring, post bankruptcy financing, DIP, and more. A plethora of improvement and expansion opportunities are made available through the use of our experienced and successful financial team of experts. You can count us for connecting your facility to financial expertise. We offer you tools for financial success to match your medical science expertise. Together we will create a powerful financial force that will merge health care and business to bring new levels of recognition and success within the community. We invite you to request a proposal today for medical receivables funding.

To get started today, call our toll free 1-877-680-6064 to speak with an associate or fill out the form above and we will contact you within 24 hours.

Assistance in Recovering Unpaid Medical Debts

 

Doctors have an intimate relationship with their patients. In order to successfully treat a patient, a doctor must first gain their trust. This can take only one or two visits for some, but many need up to ten appointments for a bond to develop. When this trust has been cultivated, patients begin to openly confide in their physician. The medical office staff also tends to build rapport with patients, albeit often not as strong as the doctor to patient bond.

The employees and doctors of a medical office often find it difficult to transition from caregiver to business person. Accepting payment for co-pays and insurance billings are relatively basic transactions. Insurance does not cover all costs, and patients’ balances can quickly add up to substantial sums for uninsured procedures. When patients do not pay these balances, it is challenging for the office staff to switch gears and become a debt collector.

Hiring a collection agency will take this difficult task out of the local office as a collection agency has a staff of professionally trained collectors. A debt collector will work with the patient to have outstanding balances paid. Often times, when people hear the term collection agency, an image that comes to mind is of relentless, callous callers who will stop at nothing to recover debt. While there may be a few who fit this description, the majority are more accurately described as well mannered, customer service representatives. A successful debt collector knows that they must walk a fine line between harassing a debtor and not being stern enough.

Choosing which collection agency is a good fit for your practice is important. The agency’s success rate – what percentage of outstanding debts are collected — average length of time to receive payment and fees charged are several points to consider. After signing with a company, a case manager from the agency will meet with the physician or business office manager to decide on a course of action. Guidelines for issues such as number of phone calls per patient, establishment of payment schedule parameters, and discharge of debt will then be established.

Referring a patient’s debt to a collection agency is not an easy task for a physician. Your agent will honor the bond between you and your patient with this in mind. At the conclusion of the process, having a check in your hand for payment will make the course of action worthwhile.

To get started today, call our toll free 1-877-680-6064 to speak with an associate or fill out the form above and we will contact you within 24 hours.

The Value of a Collection Agency To Your Business

 

From the smallest start-ups to the largest corporations, successful businesses have known for years how indispensable a good collection agency is. This is especially salient in business sectors where debt default runs rampant—such as in the credit card, banking, and medical industries.

Obtaining a reputable debt collection agency provides many benefits:

    • Debts are collected in a much more efficient and timely manner

 

    • Your company expends far less time, energy, and resources to collects debts

 

    • Hiring a collection agency helps your business’s staff remain productive in growing the business, rather than stagnating with delinquent customers

 

  • Statistically, companies that employ a third-party to collect debts are 60% more successful at collecting old debts than companies who do not.

 

Collection Agencies: The Good, the Bad and the Ugly

Two of the most dreaded words among many consumers are ‘collection agency’. They are, perhaps, rightly feel this way because collection agencies have a long history of using disrespectful tactics. As a result around 1980, the Fair Debt Collection Practices Act (FDCPA) emerged under 15 U.S.C. § 1692 et seq. as a part Consumer Credit Protection Act (CCPA). The FDCPA outlines approximately 12 specific rules regarding how collection agencies can and cannot treat indebted consumers. For example, one guideline contends that no debt collector may call a debtor between the hours of 9 P.M. and 8 A.M., while another states that “abusive or profane language” is strictly unacceptable. Regardless, there still remain some debt collectors that do not adhere to these regulations.

That’s why it is vital for your business that a reputable debt collection agency, like HF Holdings, be used. Reliable agencies only employ in-house agents instead of contractors. Why is this important? Contractors are rarely trained in the rules and regulations of debt-collection and as a result, often do not abide by the rules.

What’s at stake when debt collectors break the law? First, the debt collection agency or contractor can become directly liable for potentially, tens-of-thousands of dollars in fines and even more in lawsuits. This can also prove to expose your business to unwanted legal issues. In these types of instances a collection agency can do more harm than good, especially when they charge excessive fees: 50% for every recovered debt is not unusual. Organizations like HFHoldingsInc.com understand this. That is why they employ ONLY highly-trained professionals to get the job done.

The Process:

Professional and successful collection agencies follow legal rules and ethical guidelines, while at the same time, employ proven tactics that maximize debt recovery. The following is a good summary of the process that is commonly used:

• Three to four letters are initially sent to the debtor in an attempt to recover the debt(s).

• If unsuccessful, a series of almost daily phone calls are placed to the debtor for up to a month.

• Then, as a last-ditch resort to minimize additional costs for the client, an affiliate civil attorney is contacted.

• Attorneys know jurisdiction restraints in collection attempts and lawsuits better than virtually anyone.

• The affiliate attorney carefully considers all possible options for a successful resolution to the delinquent account.

Typically, the collection agency will perform its due-diligence to collect at least a portion of the debt before moving to contact an attorney. Why? Because attorneys are not cheap—and this can add to our client’s expenses.

Businesses often need a good collection agency before they even realize or will admit it.

Business may be great and customers that default may be few and far between, even non-existent at times. However, while this is certainly a favorable environment to work in, the current economy is, at best, extremely unpredictable. Do you have a strategy in the event the economy takes a downward turn or your customers begin to default in large numbers?

A respected, proven firm like HFHoldingsInc.com understands that companies generally do not enjoy contemplating added costs such as hiring a collection agency. That is why a reputable firm will have flexible options and reasonable fees. Take, for example, HF Holdings, Inc: they offer two options:

1. The client pays a reasonable fee for every recovery and if no recovery takes place, the client owes nothing,

2. The client pays a low, flat monthly fee for every four debtors that are taken-on by the collection agency.

Recover what’s owed for your products or services-rendered. Do it as cost-efficiently as possible and consider a debt collection agency.

To get started today, call our toll free 1-877-680-6064 to speak with an associate or fill out the form above and we will contact you within 24 hours.

4 Major Consideratons for Hiring a Collection Agency

 

The first consideration one should consider when hiring a collection agency is choosing one that has a great reputation. This is important for several reasons. Depending on what kind of business you are in, you may not want the debt collector harassing your customers needlessly. For instance, if you have a medical practice, you may not want to harass your terminally ill patient that is sincerely doing their best to pay the bill. Another important factor to take into account is to find out if the collection agency is licensed nationwide. Customers often move and the business person will need to hire a collection agency that can do business across the United States. The business will also want to make sure that the company is bonded and insured as this will protect you should the company ever be sued. A professional collection agency will give the business owner a “hold harmless” agreement, which further protects the business in the event of a law suit against the agency or their debt collectors. Being bonded and insured is a guarantee to the business owner that the debt collector and the collection agency have the financial capacity to handle a lawsuit. Moreover, the business owner should needs to ascertain whether the collection agency is a member of The American Collectors Association or the Commercial Law League of America. These are professional organizations committed to training debt collectors in the current laws and regulations.

The second major consideration is the fee structure. While most business people will be better off looking for a debt collector who works on a commission basis, there are exceptions. These exceptions include: if the business person plans to turn over accounts with large balances, if one intends to turn over a large number of accounts or if you desire to have set costs so that you may budget more effectively.

The third major consideration is the other services that the company offers. This might include the ability to rate customers for their ability to do business before doing business with them. Another service is the ability to monitor the activities of the debt collector online.

A final consideration is the clientele base of the debt collector. Find out if they do business in the same or similar industry as yours. Ask the agency for referrals and follow up on those.

These are just several, important factors to consider when choosing a collection agency to assist in your debt recovery needs.

To get started today, call our toll free 1-877-680-6064 to speak with an associate or fill out the form above and we will contact you within 24 hours.

Is A Commercial Debt Collection Agency Right For Your Business

 

A collection agency is perfect for almost any business if the bottom line is being hindered by delinquent accounts. Services can be costly and bills mostly certainly do not just disappear; if you are owed money, you have the right to collect it. One drawback to the debt recovery process is that certain laws mandate that you wait and only send letters for months before you can get your money directly. If you need your money, talk to a collection agency. They will increase your revenue stream, free up more of the businesses time and resources and have the ability to use methods that you are likely not familiar with or trained for.

Medical offices often have a need for debt recovery because many emergencies are expensive and unplanned. When it comes to regular bills, many people will utilize the most convenient way to pay with the assets they have on hand. As a result, it can be months before a business gets the amount owed \in full, if at all. The law gives a business only so many months before the debt is legally gone, so it is wise to consider the use of a debt collection agency. A debt collector improves the rate of payment and access to cash. Rather than becoming bogged down by office affairs, their sole focus is to recover the debt owed to you.

Courts, even when invoked, do not necessarily get your money back. Courts, most often, only afford people the right to pursue further actions. Court cases require many hours of personal time and cannot be reasonably used for every account. A collection agency takes charge of the delinquent account and utilizes a variety of inexpensive methods to get recover debt, including a credit report claim. Many people cannot risk a negative hit to their credit rating as it may risk their job and it increases the cost of everything else. Once debt collectors invoke this, many people quickly enter into payment negotiations.

A business debt collector normally does not invoke a credit hit without reason. However, when it comes to debt recovery it is only one method. Another method is to pursue wage garnishments or bank asset freezes. Litigation gives a collection agency the right to go directly where the money is. Instead of talking to an absent person, a collection agency gets right into the heart of the matter.

If your bottom line is being negatively affected, consider a debt collector today.

To get started today, call our toll free 1-877-680-6064 to speak with an associate or fill out the form above and we will contact you within 24 hours.

What to do when your customers won’t pay

 

The innovative solutions to debt collection that we practice, is considered to be at the forefront of solutions being offered by Invoice Guard products. Third party solutions facilitate a more successful method that is intended to give collecting practices a more fluid approach. Every year, people pay at least 50% more on the processes to collect from clients that do not pay. Invoice Guard will be the program that serves business entities of all sizes in protecting their accounts receivables. Working to capitalize on the third party leverages that are developed collection intervention, it works by using this as strength.

Its goal is not only to collect, but rather build a program that will develop a better dialog between the clients and the business, which results in the retention of the clientele base. Accounts receivable is the amount that clients are expected to pay at the end of a term of product release. Certain terms and conditions will be agreed upon by the parties involved to ensure the release of the items, and to which point the business organization will collect from the buyer as payments. Every year, business entities suffer from bad debt collections. Over time, delinquent accounts can add up to extremely significant portions of a business’s profit margins.

Some have even stated that one of the causes of the 2008 recession was the inability of the financial institutions to collect what is rightfully theirs. Thus, for the small to the large institutions, the presence of the debt collection programs such as Invoice Guard Systems will be ideal in the overall process. Accounts receivable collection will be ease and paved for a solution that will gather the debts and collect them in a timely manner. A hundred dollars is all it takes to sign up for the business program for the debt collection, and as short as 60 days of delayed payment will be enough for Invoice Guard to run after your client.

All of the legwork will be conducted by Invoice Guard personnel. And additional perk of the program is that payment for our services will be free if you decide to close the case. No debt recovery, no fee. With the third party solutions, the service provided will be carried out in a professional manner that remains consistent with your own business practices. Debt collection is not always easy, but Invoice Guard can undoubtedly make the process of debt recovery as painless as possible.

To get started today, call our toll free 1-877-680-6064 to speak with an associate or fill out the form above and we will contact you within 24 hours.

The Statute of Limitations on Debt Collection

 

What happens to those outstanding debts owed to your company? Are they lost forever? Often companies simply write off debt collection, without ever thinking about their debt recovery options. What is your company’s plan of action?

Let us first understand what the Statute of Limitations (SOL) on past due bills actually means. The SOL is the point in time when the debt collector or creditor files a lawsuit against the debtor in question. Each state is varies in regards to the window of time when a creditor or debt collector can sue for the collection of bad debt.

As a general rule of thumb, the Statute of Limitations (SOL) contends that a creditor or debt collector cannot pursue debt recovery after a six-year period from when the debt was written off or the date of last action on the credit report. If the SOL phase has ended, it does not necessarily mean a lawsuit cannot or will not be filed; it does, however, provide an easy path for dismissal of the suit.

Does your company have a well-planned strategy to deal with delinquent accounts? How can your company recoup bad debt? Employing the use of experts who are familiar with the SOL is a first step in your path to successful debt recovery. Hiring a professional collection agency will save you time, resources and recover what you are owed.

A collection agency will go to bat for you, freeing up your time to focus on the day-to-day operations of your business. A collection agency, often referred to as third party agency, strongly seeks to undertake the daunting task of debt recovery.

There are a variety of reasons people do not pay their bills, including financial hardships resulting from unexpected unemployment, illness or accidents. A collection agency or debt collector understands the numerous reasons for failure to pay and handles each case accordingly.

Think about the cost of uncollected, delinquent accounts and you will quickly realize that a collection agency is your best option for recouping that money. A collection agency remains in compliance with the law while striving to get your money paid back. Undoubtedly, by hiring a collection agency to handle your debt recovery needs, an increase in your revenues will quickly be realized.

To get started today, call our toll free 1-877-680-6064 to speak with an associate or fill out the form above and we will contact you within 24 hours.

Using a collection agency to find your debtor

 

For a business owner one of the most frustrating aspects of doing business is debt recovery, especially when you cannot locate the debtor. Business owners do not have the time or the resources to track down those who owe them money and are often ill equipped to deal with having to take on the role of debt collector. These are some of the many reasons that any business owner should enlist the services of a national collection agency. A debt collection agency has resources and skills necessary to locate debtors who are difficult to find.

As a business owner, you went into a business that you perhaps had some prior experience and / or training in. However, for many owners, debt collection is not a strong suit. It is difficult to transition from trying to please your customers to having to function as a debt collection agency. Hiring a national collection agency unburdens you from the task of debt recovery and allows you to focus on running your business. Business owners should be dedicating their time to increasing profits rather than trying to locate those with delinquent accounts. This can become extremely time consuming, expensive and even unfruitful which defeats the purpose all together.

Successful debt recovery is a key factor that sustains the overall profitability of a business. In addition, it is well known that the longer a debt is owed the less likely you are to collect. Having a debt collector on your team can greatly increase your chances of collecting on debts in an extremely timely fashion. Trust the professionals and allow yourself the peace of mind to sit back and do what you do best, run your business. Let a national collection agency take over the work of finding those who owe you money because that is what we do best. Consider having a national collection agency go to work for you, it is certainly time and money well spent. Let a debt collection company, with their trained debt collectors, fight the battle for your company.

To get started today, call our toll free 1-877-680-6064 to speak with an associate or fill out the form above and we will contact you within 24 hours.

Learn More About Medical Collections

Medical Billing Collection Services – Maximize Your Collection Rates

 

Running a medical business can prove to be a taxing experience. With such a plethora of factors to account for, operations often become overwhelming. Many aspects of a business require close attention to detail. Medical businesses rightly focus on customer care, but when it comes time for patients to pay the bill, the situation quickly becomes murky. When insurance companies fail to cover the expenses in part or whole, medical businesses begin to seek out alternative methods to recoup the debt owed. A variety of businesses outsource the task of tracking debtors and recovering funds from a delinquent account.

Medical billing collection services provide a necessary service in regards to achieving the desired result of debt recovery. These services begin with soft, diplomatic pressure in order to convince the debtor to meet their outstanding financial obligation. This does not always work, however, as some people need to be reminded that there remains legal action which can be taken against them. The simple risk of legal recourse is often times an extremely powerful tool to motivate the debtor to repay. It is true that, for a variety of reasons, some are sincerely unable to pay for the services provided to them. In these cases, medical billing collection services offer options that are more viable for the customer in question, including monthly installments. It is vital that the medical billing collection agency that one chooses have the capacity to maintain a professional, productive method that ensures a positive result for all interested parties. It is our philosophy that, not only recovering debt, but also preserving your business’s clientele base is a top priority and should be dealt with accordingly. Accountreceivable.com is well-suited to manage precisely these types of cases.

To get started today, call our toll free 1-877-680-6064 to speak with an associate or fill out the form above and we will contact you within 24 hours.

Hiring a Collection Agency For Medical Collections

 

Do you feel the time has come to begin streamlining your accounts receivable files? Then it is the time to hire a collection agency. Skilled collection agencies can properly asses all accounts of medical providers, medical facilities and any creditor with medical bills that remain unpaid. An extensive amount of delinquent accounts is certainly an issue that should be addressed immediately. There are many services and functions that a professional collection agency provides to their clients. These range from a demand letter to the debtor and contact via telephone. In the cases of those whose whereabouts are unknown, there is a specific method the collection agency utilizes to locate the debtor. This process, known as skip-tracing, requires a particular skill set in order navigate the information successfully. The collection agency can use this information to verify assets of the debtor which in turn helps to quantify the success rate of bringing legal action against a debtor. In these cases, the collection agency can also appear in court on behalf of their client, during legal proceedings, to attempt to acquire a judgment.

It is worthwhile to note that if your business is seeking out a collection agency, you may ask them to furbish references so you may best determine whether or not the agency is a good fit. Moreover, a great way to acquire accurate information is to check with the attorney general of the respective state. This allows one to view any complaints or whether or not there has been any legal action taken against the agency. Keep in mind, the collection agency will be attempting to collect outstanding debts on behalf of the client and situations can sometimes go awry. This is why establishing a good relationship from the beginning of the collection process will ensure a smooth process moving forward. A client may always inquire about the Fair Debt Collection Practices Act (FDCPA) and how it specifically applies to the collection agency. These are the laws that govern most collection agencies in the United States and they must always act in accordance with these laws to ensure that the rights of the debtor are never violated.

To get started today, call our toll free 1-877-680-6064 to speak with an associate or fill out the form above and we will contact you within 24 hours.

Medical Receivables Funding

 

Medical receivables funding is a valuable resource that is used to generate revenue for healthcare facilities. It is a financial opportunity that many businesses exploit, however it is under-utilizing by health care facilities. Our financial institution provides funding for health care providers for monthly revenue, increased services and for expansion and growth. This is a means for increased monthly revenue for home health care providers, nursing homes, hospitals, sole practitioners, rehab and therapy services and more. It is now possible to combine excellent health care service and financial success by joining our team of experts.

Medical receivables funding utilizes factoring which has been widely used by the business world. It is seen as a successful means for growth and progress. We now provide this service for health care facilities. Factoring turns your accounts receivable into an immediate source of cash flow. Now is the time to team up with experts with the skills to bring your facility to a heightened level of financial profit. Difficulties meeting payroll can be replaced with growth and adding new clients through medical receivables funding. Internal bill collection tends to hinder the flow of day to day operations as well as efficiency and profitability. Our reliable services offer timely and important revenue for numerous facilities. We will provide you with the ability to provide payment opportunities for client services. In turn, we collect the payments, while building your patient’s ability to receive services and your ability to provide services. This increases daily business practices and provides clients with services that they can afford through payment options.

Factoring bridges the gap between billing and payments and streamlines the process as a whole. Factoring stops unnecessary delays in payments and produces steady income to the health care facility. Now is the time for experiencing opportunity through medical receivables funding. Factoring opens the doors to financial growth through financing payroll, acquisition financing, restructuring, post bankruptcy financing, DIP, and more. A plethora of improvement and expansion opportunities are made available through the use of our experienced and successful financial team of experts. You can count us for connecting your facility to financial expertise. We offer you tools for financial success to match your medical science expertise. Together we will create a powerful financial force that will merge health care and business to bring new levels of recognition and success within the community. We invite you to request a proposal today for medical receivables funding.

To get started today, call our toll free 1-877-680-6064 to speak with an associate or fill out the form above and we will contact you within 24 hours.

Assistance in Recovering Unpaid Medical Debts

 

Doctors have an intimate relationship with their patients. In order to successfully treat a patient, a doctor must first gain their trust. This can take only one or two visits for some, but many need up to ten appointments for a bond to develop. When this trust has been cultivated, patients begin to openly confide in their physician. The medical office staff also tends to build rapport with patients, albeit often not as strong as the doctor to patient bond.

The employees and doctors of a medical office often find it difficult to transition from caregiver to business person. Accepting payment for co-pays and insurance billings are relatively basic transactions. Insurance does not cover all costs, and patients’ balances can quickly add up to substantial sums for uninsured procedures. When patients do not pay these balances, it is challenging for the office staff to switch gears and become a debt collector.

Hiring a collection agency will take this difficult task out of the local office as a collection agency has a staff of professionally trained collectors. A debt collector will work with the patient to have outstanding balances paid. Often times, when people hear the term collection agency, an image that comes to mind is of relentless, callous callers who will stop at nothing to recover debt. While there may be a few who fit this description, the majority are more accurately described as well mannered, customer service representatives. A successful debt collector knows that they must walk a fine line between harassing a debtor and not being stern enough.

Choosing which collection agency is a good fit for your practice is important. The agency’s success rate – what percentage of outstanding debts are collected — average length of time to receive payment and fees charged are several points to consider. After signing with a company, a case manager from the agency will meet with the physician or business office manager to decide on a course of action. Guidelines for issues such as number of phone calls per patient, establishment of payment schedule parameters, and discharge of debt will then be established.

Referring a patient’s debt to a collection agency is not an easy task for a physician. Your agent will honor the bond between you and your patient with this in mind. At the conclusion of the process, having a check in your hand for payment will make the course of action worthwhile.

To get started today, call our toll free 1-877-680-6064 to speak with an associate or fill out the form above and we will contact you within 24 hours.

The Value of a Collection Agency To Your Business

 

From the smallest start-ups to the largest corporations, successful businesses have known for years how indispensable a good collection agency is. This is especially salient in business sectors where debt default runs rampant—such as in the credit card, banking, and medical industries.

Obtaining a reputable debt collection agency provides many benefits:

    • Debts are collected in a much more efficient and timely manner

 

    • Your company expends far less time, energy, and resources to collects debts

 

    • Hiring a collection agency helps your business’s staff remain productive in growing the business, rather than stagnating with delinquent customers

 

  • Statistically, companies that employ a third-party to collect debts are 60% more successful at collecting old debts than companies who do not.

 

Collection Agencies: The Good, the Bad and the Ugly

Two of the most dreaded words among many consumers are ‘collection agency’. They are, perhaps, rightly feel this way because collection agencies have a long history of using disrespectful tactics. As a result around 1980, the Fair Debt Collection Practices Act (FDCPA) emerged under 15 U.S.C. § 1692 et seq. as a part Consumer Credit Protection Act (CCPA). The FDCPA outlines approximately 12 specific rules regarding how collection agencies can and cannot treat indebted consumers. For example, one guideline contends that no debt collector may call a debtor between the hours of 9 P.M. and 8 A.M., while another states that “abusive or profane language” is strictly unacceptable. Regardless, there still remain some debt collectors that do not adhere to these regulations.

That’s why it is vital for your business that a reputable debt collection agency, like HF Holdings Inc, be used. Reliable agencies only employ in-house agents instead of contractors. Why is this important? Contractors are rarely trained in the rules and regulations of debt-collection and as a result, often do not abide by the rules.

What’s at stake when debt collectors break the law? First, the debt collection agency or contractor can become directly liable for potentially, tens-of-thousands of dollars in fines and even more in lawsuits. This can also prove to expose your business to unwanted legal issues. In these types of instances a collection agency can do more harm than good, especially when they charge excessive fees: 50% for every recovered debt is not unusual. Organizations like HFHoldingsInc.com understand this. That is why they employ ONLY highly-trained professionals to get the job done.

The Process:

Professional and successful collection agencies follow legal rules and ethical guidelines, while at the same time, employ proven tactics that maximize debt recovery. The following is a good summary of the process that is commonly used:

• Three to four letters are initially sent to the debtor in an attempt to recover the debt(s).

• If unsuccessful, a series of almost daily phone calls are placed to the debtor for up to a month.

• Then, as a last-ditch resort to minimize additional costs for the client, an affiliate civil attorney is contacted.

• Attorneys know jurisdiction restraints in collection attempts and lawsuits better than virtually anyone.

• The affiliate attorney carefully considers all possible options for a successful resolution to the delinquent account.

Typically, the collection agency will perform its due-diligence to collect at least a portion of the debt before moving to contact an attorney. Why? Because attorneys are not cheap—and this can add to our client’s expenses.

Businesses often need a good collection agency before they even realize or will admit it.

Business may be great and customers that default may be few and far between, even non-existent at times. However, while this is certainly a favorable environment to work in, the current economy is, at best, extremely unpredictable. Do you have a strategy in the event the economy takes a downward turn or your customers begin to default in large numbers?

A respected, proven firm like HFHoldingsInc.com understands that companies generally do not enjoy contemplating added costs such as hiring a collection agency. That is why a reputable firm will have flexible options and reasonable fees. Take, for example, HF Holdings, Inc: they offer two options:

1. The client pays a reasonable fee for every recovery and if no recovery takes place, the client owes nothing,

2. The client pays a low, flat monthly fee for every four debtors that are taken-on by the collection agency.

Recover what’s owed for your products or services-rendered. Do it as cost-efficiently as possible and consider a debt collection agency.

To get started today, call our toll free 1-877-680-6064 to speak with an associate or fill out the form above and we will contact you within 24 hours.

4 Major Consideratons for Hiring a Collection Agency

 

The first consideration one should consider when hiring a collection agency is choosing one that has a great reputation. This is important for several reasons. Depending on what kind of business you are in, you may not want the debt collector harassing your customers needlessly. For instance, if you have a medical practice, you may not want to harass your terminally ill patient that is sincerely doing their best to pay the bill. Another important factor to take into account is to find out if the collection agency is licensed nationwide. Customers often move and the business person will need to hire a collection agency that can do business across the United States. The business will also want to make sure that the company is bonded and insured as this will protect you should the company ever be sued. A professional collection agency will give the business owner a “hold harmless” agreement, which further protects the business in the event of a law suit against the agency or their debt collectors. Being bonded and insured is a guarantee to the business owner that the debt collector and the collection agency have the financial capacity to handle a lawsuit. Moreover, the business owner should needs to ascertain whether the collection agency is a member of The American Collectors Association or the Commercial Law League of America. These are professional organizations committed to training debt collectors in the current laws and regulations.

The second major consideration is the fee structure. While most business people will be better off looking for a debt collector who works on a commission basis, there are exceptions. These exceptions include: if the business person plans to turn over accounts with large balances, if one intends to turn over a large number of accounts or if you desire to have set costs so that you may budget more effectively.

The third major consideration is the other services that the company offers. This might include the ability to rate customers for their ability to do business before doing business with them. Another service is the ability to monitor the activities of the debt collector online.

A final consideration is the clientele base of the debt collector. Find out if they do business in the same or similar industry as yours. Ask the agency for referrals and follow up on those.

These are just several, important factors to consider when choosing a collection agency to assist in your debt recovery needs.

To get started today, call our toll free 1-877-680-6064 to speak with an associate or fill out the form above and we will contact you within 24 hours.

Is A Commercial Debt Collection Agency Right For Your Business

 

A collection agency is perfect for almost any business if the bottom line is being hindered by delinquent accounts. Services can be costly and bills mostly certainly do not just disappear; if you are owed money, you have the right to collect it. One drawback to the debt recovery process is that certain laws mandate that you wait and only send letters for months before you can get your money directly. If you need your money, talk to a collection agency. They will increase your revenue stream, free up more of the businesses time and resources and have the ability to use methods that you are likely not familiar with or trained for.

Medical offices often have a need for debt recovery because many emergencies are expensive and unplanned. When it comes to regular bills, many people will utilize the most convenient way to pay with the assets they have on hand. As a result, it can be months before a business gets the amount owed \in full, if at all. The law gives a business only so many months before the debt is legally gone, so it is wise to consider the use of a debt collection agency. A debt collector improves the rate of payment and access to cash. Rather than becoming bogged down by office affairs, their sole focus is to recover the debt owed to you.

Courts, even when invoked, do not necessarily get your money back. Courts, most often, only afford people the right to pursue further actions. Court cases require many hours of personal time and cannot be reasonably used for every account. A collection agency takes charge of the delinquent account and utilizes a variety of inexpensive methods to get recover debt, including a credit report claim. Many people cannot risk a negative hit to their credit rating as it may risk their job and it increases the cost of everything else. Once debt collectors invoke this, many people quickly enter into payment negotiations.

A business debt collector normally does not invoke a credit hit without reason. However, when it comes to debt recovery it is only one method. Another method is to pursue wage garnishments or bank asset freezes. Litigation gives a collection agency the right to go directly where the money is. Instead of talking to an absent person, a collection agency gets right into the heart of the matter.

If your bottom line is being negatively affected, consider a debt collector today.

To get started today, call our toll free 1-877-680-6064 to speak with an associate or fill out the form above and we will contact you within 24 hours.

What to do when your customers won’t pay

 

The innovative solutions to debt collection that we practice, is considered to be at the forefront of solutions being offered by Invoice Guard products. Third party solutions facilitate a more successful method that is intended to give collecting practices a more fluid approach. Every year, people pay at least 50% more on the processes to collect from clients that do not pay. Invoice Guard will be the program that serves business entities of all sizes in protecting their accounts receivables. Working to capitalize on the third party leverages that are developed collection intervention, it works by using this as strength.

Its goal is not only to collect, but rather build a program that will develop a better dialog between the clients and the business, which results in the retention of the clientele base. Accounts receivable is the amount that clients are expected to pay at the end of a term of product release. Certain terms and conditions will be agreed upon by the parties involved to ensure the release of the items, and to which point the business organization will collect from the buyer as payments. Every year, business entities suffer from bad debt collections. Over time, delinquent accounts can add up to extremely significant portions of a business’s profit margins.

Some have even stated that one of the causes of the 2008 recession was the inability of the financial institutions to collect what is rightfully theirs. Thus, for the small to the large institutions, the presence of the debt collection programs such as Invoice Guard Systems will be ideal in the overall process. Accounts receivable collection will be ease and paved for a solution that will gather the debts and collect them in a timely manner. A hundred dollars is all it takes to sign up for the business program for the debt collection, and as short as 60 days of delayed payment will be enough for Invoice Guard to run after your client.

All of the legwork will be conducted by Invoice Guard personnel. And additional perk of the program is that payment for our services will be free if you decide to close the case. No debt recovery, no fee. With the third party solutions, the service provided will be carried out in a professional manner that remains consistent with your own business practices. Debt collection is not always easy, but Invoice Guard can undoubtedly make the process of debt recovery as painless as possible.

To get started today, call our toll free 1-877-680-6064 to speak with an associate or fill out the form above and we will contact you within 24 hours.

The Statute of Limitations on Debt Collection

 

What happens to those outstanding debts owed to your company? Are they lost forever? Often companies simply write off debt collection, without ever thinking about their debt recovery options. What is your company’s plan of action?

Let us first understand what the Statute of Limitations (SOL) on past due bills actually means. The SOL is the point in time when the debt collector or creditor files a lawsuit against the debtor in question. Each state is varies in regards to the window of time when a creditor or debt collector can sue for the collection of bad debt.

As a general rule of thumb, the Statute of Limitations (SOL) contends that a creditor or debt collector cannot pursue debt recovery after a six-year period from when the debt was written off or the date of last action on the credit report. If the SOL phase has ended, it does not necessarily mean a lawsuit cannot or will not be filed; it does, however, provide an easy path for dismissal of the suit.

Does your company have a well-planned strategy to deal with delinquent accounts? How can your company recoup bad debt? Employing the use of experts who are familiar with the SOL is a first step in your path to successful debt recovery. Hiring a professional collection agency will save you time, resources and recover what you are owed.

A collection agency will go to bat for you, freeing up your time to focus on the day-to-day operations of your business. A collection agency, often referred to as third party agency, strongly seeks to undertake the daunting task of debt recovery.

There are a variety of reasons people do not pay their bills, including financial hardships resulting from unexpected unemployment, illness or accidents. A collection agency or debt collector understands the numerous reasons for failure to pay and handles each case accordingly.

Think about the cost of uncollected, delinquent accounts and you will quickly realize that a collection agency is your best option for recouping that money. A collection agency remains in compliance with the law while striving to get your money paid back. Undoubtedly, by hiring a collection agency to handle your debt recovery needs, an increase in your revenues will quickly be realized.

To get started today, call our toll free 1-877-680-6064 to speak with an associate or fill out the form above and we will contact you within 24 hours.

Using a collection agency to find your debtor

 

For a business owner one of the most frustrating aspects of doing business is debt recovery, especially when you cannot locate the debtor. Business owners do not have the time or the resources to track down those who owe them money and are often ill equipped to deal with having to take on the role of debt collector. These are some of the many reasons that any business owner should enlist the services of a national collection agency. A debt collection agency has resources and skills necessary to locate debtors who are difficult to find.

As a business owner, you went into a business that you perhaps had some prior experience and / or training in. However, for many owners, debt collection is not a strong suit. It is difficult to transition from trying to please your customers to having to function as a debt collection agency. Hiring a national collection agency unburdens you from the task of debt recovery and allows you to focus on running your business. Business owners should be dedicating their time to increasing profits rather than trying to locate those with delinquent accounts. This can become extremely time consuming, expensive and even unfruitful which defeats the purpose all together.

Successful debt recovery is a key factor that sustains the overall profitability of a business. In addition, it is well known that the longer a debt is owed the less likely you are to collect. Having a debt collector on your team can greatly increase your chances of collecting on debts in an extremely timely fashion. Trust the professionals and allow yourself the peace of mind to sit back and do what you do best, run your business. Let a national collection agency take over the work of finding those who owe you money because that is what we do best. Consider having a national collection agency go to work for you, it is certainly time and money well spent. Let a debt collection company, with their trained debt collectors, fight the battle for your company.

To get started today, call our toll free 1-877-680-6064 to speak with an associate or fill out the form above and we will contact you within 24 hours.

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