For avid chess players, or bingers of The Queen’s Gambit on Netflix, a gambit is a familiar concept: open the board by sacrificing a piece for the sake of a later advantage. But did you know that your credit follows the same playbook? When your credit score is not perfect, it can seem counterintuitive to take on more credit or make changes
As a healthcare provider, protecting your revenue cycle is critical, but your focus should be on serving your patients, not battling with insurance companies or working to track down earned revenue. Accounts Receivable Management partners can relieve this burden and provide a much-needed service not just for you, but for your patients as well. If you’re a provider looking to get away from the stress of managing your accounts receivable process, here’s a high-level breakdown of how a partner might be able to help.
Lois LaVoie is a J5/MDC registered nurse at Beverly Hospital & Addison Gilbert Hospital in Beverly, Massachusetts. A Daisy Award winner, her patients love her because “She is not only caring, she is considerate, happy, lighthearted, funny and patient. She is the definition of a true caregiver.“ At the beginning of 2021, Lois was looking to consolidate personal debt and immediately
For many healthcare practice owners, creating and maintaining a healthy revenue cycle is a major challenge. Balancing insurance billing and managing patient responsibility can be as stressful for staff as it is for payers–but it doesn’t have to be.
When considering the affordability of a business loan, borrowers often focus heavily on interest rate. While your rate impacts your payments, another factor has a more immediate and significant impact—and it’s often overlooked: the term. Your loan term, or the amount of time you have to pay your loan back, directly impacts how much of your loan you repay each month. Here’s what you need to know
When you need financing, it’s important to find a lender you can trust. This is especially true during challenging times, when a working capital loan can provide you financial peace of mind. Lenders who prioritize your needs–like BHG–understand the challenges you’re facing and can help you capitalize on the opportunities you’re pursuing. How can you be sure that your financial partner has your back? Here’s what to look for: They listen
For many healthcare providers, adapting to serve patients during the coronavirus pandemic meant temporary fixes and workarounds. However, there are some new systems that, if implemented permanently, can provide value even after this crisis is over.
From beginning to end, your customers’ experience with your debt collection team can affect your brand reputation as well as your success in collecting revenue. Simple adjustments in approach as well as investments in modern technology will benefit you now and in the long run.
Without a guaranteed end date for the pandemic’s economic effects, businesses are in a unique position to modernize their collection practices in real-time while helping customers overcome their financial hurdles.
There has never been a better time to implement a new approach to collection–one rooted in empathy, collaboration, and problem-solving.