There isn’t a business out there that is immune to slow payers or non-paying customers, but what can you do to prevent this from happening? Keeping an eye on your customers’ accounts is an important part of preventing bad debt or payment problems. I would like to share some “red flags” with you that can help you identify when a customer is having financial problems or is just … [Read more...]
11 Ways To Improve Long Term Care Collections
When a nursing home provides care, it has the right to be paid on a timely basis. However, anyone who provides care knows that prompt payment is not always the case. Sometimes residents or their responsible parties become seriously past due, either by an honest mistake or through willful disregard. Either way, accounts not paid within terms can have a large negative impact on … [Read more...]