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The economic collapse that influenced creditors and collection agencies over the past 18 months had varying effects. More consumers (and businesses) fell behind on obligations, some for the first time ever, and many companies were forced to do more with less. With placements, complaints, and lawsuits on the rise, collection executives must ensure their operation is adequately prepared to weather the storm as we head into 2011. Purchase the recording of The Perfect Storm Webinar Series – Economic Aftershocks: Managing Risk on Your Collection Floor in 2011 and hear from three distinguished speakers.
The perfect storm of new regulation, economic challenges, and social media-empowered consumers is hovering above the credit and collection industry. This report summarizes the first of a three-part webinar series covering the latest advice and strategies for weathering the downpour (recordings were unfortunately not available). This report dives deep into the critical topic of data security requirements. Did you know that Federal law now requires executive participation? Data security can no longer be delegated to your IT department.
The healthcare industry is one of the largest in the United States, representing $1.9 trillion in total revenues as of 2006, or roughly one out of every six dollars spent annually. The steady rise of uninsured individuals has led to an increased burden on healthcare providers, who must recover these self-pay receivables. This has increased demand for the services of accounts receivable management (ARM) companies. Kaulkin Ginsberg has conducted original research on the healthcare sector of the ARM industry – taking the perspective of the companies whose growth and profitability depend on collecting healthcare receivables. This report is based on background and original research from receivables management professionals within healthcare companies, collection agency executives, and medical debt buying professionals. It has been conducted thanks to the generous sponsorship of LexisNexis® and HBCS.
Kaulkin Ginsberg Company is the only advisory firm to actively conduct primary research on the accounts receivable management industry. The candid observations gathered from leaders of public and private companies during this process made the compiling of The Global Debt Buying Report possible. It is filled with the industry’s most comprehensive and up-to-date information (as of March 2006) and it provides insight and clarity about this market.
Kaulkin Ginsberg’s Executive Conference Calls give you strategic insights you need now to guide your business decisions. Plan for the future – Find out what’s next. In this Conference Call, Kaulkin Ginsberg’s advisors scrutinize all the latest conflicting economic indicators to provide key insights into what it all means for the ARM industry – and how this will impact your business.
2010 Complaints Infographic by Jeffrey Hearn August 30, 2010 Endnotes: 1. Mayer, Caroline E. “As Debt Collectors Multiply, So Do Consumer Complaints.” Washington Post. The Washington Post Company, 28 July 2005. Web. 18 Aug. 2010. http://www.washingtonpost.com/wp-dyn/content/article/2005/07/27/AR2005072702473.html. 2. United States of America. Federal Trade Commission. Annual Report 2010: Fair Debt Collection Practices Act. Washington, D.C.: Federal [...]
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