Welcome to Bad Debt Guide
Medicare Bad Debt Patient Payment Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Bad Debt Recovery: Small Businesses Have Options
from: As a small business owner, you know the importance of having all of your funds in hand as soon as possible. Bad debt recovery can be expensive and it can be a worry for many companies. The problem often stems from cash flow. Since most small businesses have limited amounts of cash flow, a bad debt or a late payment can really harm their financial situation. After all, you likely need to have those payments to keep your accounts payable paid. There is help for many small business owners for bad debt recovery, though.You may want to consider the importance and benefits of hiring a third party to help you with your bad debt recovery. These organizations work in a variety of ways but have the same goal. Their goal is to help get the funds owed to you paid back to you so that your business can stay in business. Some of these companies will buy the debt from you. In this situation, they are buying the full rights to the debt for a smaller amount than what is owed to you. They then take over the collection of the accounts from your borrowers, allowing you to get some of your owed funds back into your system.
Another option you have is to work with a company for bad debt recovery that will pay you the cash flow you need but will keep the accounts in your business’s name. In either situation, the goal is the same: get the debt collected.
Is This Right For You?
There are several situations where using bad debt recovery can be considered a good move. For example, if your business has a number of bad debt accounts, especially those that are 60 plus days due, then you definitely will want to consider selling the accounts to get the cash flow back into your organization. If you have limited cash flow, you may want to set up a monthly recovery program to collect on the debt. This is an option that many companies will provide to you. If there are risks out there to your business because of the debts owed to you, consider recovery services.
Finding a bad debt recovery service is an important part to repaying the debts you have. Look for a company that is structured in the method that you prefer, especially in terms of account ownership. Also, take a few minutes to consider the costs to you. Is it more affordable to hire a third party or pay employees to handle these collection accounts?
Medicare Bad Debt Patient Payment Specific links
Medicare Bad Debt Patient Payment News
House and Senate at Impasse on Medicare Payments - New York Times
 New York Times | House and Senate at Impasse on Medicare Payments New York Times In the absence of agreement, doctors' fees will be cut 27 percent next month, and many doctors say they could not continue treating Medicare patients under the lower payments. “Because of this uncertainty, some doctors are already telling patients they ... Unspent war funds eyed to avoid years of Medicare doctor pay cuts |
AHCA: Reduce Hospital Readmissions, Not Medicare Funding, for SNFs - Senior Housing News
 Kaiser Health News | AHCA: Reduce Hospital Readmissions, Not Medicare Funding, for SNFs Senior Housing News The nursing home industry is working to prevent further Medicare reimbursement reductions, this time in the form of cuts to bad debt payments, by proposing an alternative: a plan to reduce hospital readmissions from skilled nursing facilities. Nursing Homes Offer Plan To Help Cut Medicare Spending |
Who pays the highest taxes? - Reuters
 The Associated Press | Who pays the highest taxes? Reuters By Kathleen Kingsbury (Reuters) - Paying taxes is bad enough. Finding out you pay a larger percentage of your income than presidential candidate Mitt Romney or billionaire Warren Buffet makes it even worse. But that's the case for millions of American, ... Buffett Rule Proposal Is A Win For Tax Exempt Bonds -- And Divorce |
The Top Five Flawed Arguments Against Premium Support - Heritage.org
The Top Five Flawed Arguments Against Premium Support Heritage.org According to data provided by the Medicare Payment Advisory Commission, on an apples-to-apples basis, the private plans serving Medicare patients provide Medicare-covered benefits for exactly the same cost as the traditional program. |
First Edition: February 8, 2012 - Kaiser Health News
First Edition: February 8, 2012 Kaiser Health News They are also tasked with finding a way to extend unemployment benefits and avert scheduled cuts in payments to doctors who treat Medicare patients through this year (Helderman, 2/7). In a contentious negotiating session Tuesday, Democrats came out ... |