Any medical practice dealing with patients who won’t pay their bills eventually faces the same dilemma — do they continue with rounds of phone calls and emails and letters in the hopes that a patient will finally pay what they owe, or do they turn over the unpaid debt to a medical collection agency? While the idea of sending unpaid bills to collections isn’t always easy, it may help to remember that a medical collection agency is in the business of recovering outstanding debt specifically for medical practices. That means they have the training, technology, and expertise to maximize a return — after all, it’s what they do. If your medical practice is facing this decision, here are four reasons to consider turning over debt to a collection agency.
It’s More Efficient
Many medical practices don’t realize how many resources are required to effectively chase down patients who are trying to stay out of contact. How does it serve your practice to divert business hours, staff, and energy away from the daily demands of your practice? What’s more, outstanding debt tends to cost much more than a practice realizes. Almost always, a medical practice will come out ahead by making the decision to hand over unpaid debt to a collection agency that specializes in the medical industry. It frees up your practice to focus on new patients, and ensures that the experts are working on your behalf at the same time.
A Greater Chance of Recovery
The odds of a return increase substantially when you work with an experienced agency, and the sooner you make that decision, the better. That’s because an agency that works solely in medical collections, like Hospital Collection Services here in Reno, understands the industry implicitly. We know the the most effective way to collect unpaid medical debt, and we understand the importance of doing so in a manner that is respectful and compliant. Our approach is based on our decades in the business, and we know how important it is to preserve delicate patient relationships on your behalf.
Expert Advice & Recommendations
An experienced medical collection agency does more than maximize your return. Let us share our advice and insight — it’s another benefit of working with an experienced and proven medical debt collection agency.
Legal Assistance When You Need It
With an experienced attorney and legal department here at Hospital Collection Services, we’re ready to move forward if legal action becomes necessary. Because our team works with you for the entire process, it streamlines the process in the event of litigation.
Next Steps
It’s important to understand that time is of the essence with unpaid medical debt. Statistics show that the longer a debt remains outstanding, the lower the chances that your practice will ever see payment. Generally, it’s recommended that a practice hires a collection agency when an account is one to three months past due. If that applies to your practice, contact us today to learn more about you can expect with Hospital Collection Services.
