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May 18, 2016 in
When Should Healthcare Accounts Go to Bad Debt?
Day 90? Day 120? This is any provider’s quandary and unfortunately there is no definitive answer. There are several determining factors that must be considered. Naturally, any agency advocates sending them as early as possible since the best time to collect is in the first 90 days, but that might not be your best answer. We’ve highlighted three things to consider when deciding when to send accounts to bad debt.
Getting paid for a service you provided seems only fair. But, what happens when you don’t get paid? Are you left to cover your costs or do you just write off the business and move on? If you find yourself with a large number of non-paying clients on a regular basis or writing off large amounts of profit each month, you should consider talking with a collection agency. Collection agencies work on your behalf to collect the monies you are owed. ...
