 |
Bad Debt Management and Sales Consulting ServicesIn these times of growing bad debt due to economic conditions, compounded by declining collection agency recoveries and falling prices for the sale of medical bad debt portfolios, it is crucial that physician groups and their billing companies maximize all resources in an effort to collect as much money as possible. The benefits of a good bad debt sales program include the following:
- Increased cash flow from fully charged off AR
- Proceeds that go straight to the bottom line
To that end, BSA Healthcare is now offering Bad Debt Management Consulting Services, so that you can ensure that you are collecting maximum revenues from the sale of your bad debt. Our services include the following:
Collection Agency Review and Evaluation
BSA Healthcare will review and monitor your collection agency's performance in the areas of:
- Financial recovery and Net Unit Yield
- Agency operations
- Monitoring of public relations impact
- Comparison of agency performance to industry-wide performance
- Identification and vetting of alternative agencies through due diligence analysis
Bad Debt Sales Consulting
BSA Healthcare will help you to choose a collection agency that will best serve your organization via the following:
- Evaluation of multiple debt buyers
- Competitive services and pricing review
- Vetting of potential bad debt buyers
- Monitoring of debt buyer performance
Internal Collection Agency Startup
BSA Healthcare will assist large emergency medicine physician groups running internal billing companies, and external emergency medicine billing companies, in the establishment and day-to-day operation of an internal collection agency. The three-phase project begins with a feasibility study and culminates in an internally managed collection agency that will complement your present billing operations. Setup includes:
- Selection of management and staff for the agency
- Selection of software applications to run the agency
- Conversion planning to insure seamless transition after testing of systems
BSA Healthcare Services
EMERGENCY MEDICINE & PHYSICIAN SPECIALTY SERVICES
| HOSPITAL SERVICES
| | | | | |
