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CRM

Customer relationship management (CRM) is a strategy for managing a company’s interactions with customers, clients and sales prospects. One of the most commonly-implemented (and utilized) strategies involves call center agents taking inbound calls from customers.

Many large financial institutions are blending their internal or first-party collection operations with their CRM call center functions to try a more customer-oriented approach to debt recovery.

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The Mythical Corporate Veil: Too Expensive for Commercial Collectors to Pierce?

Many small business owners form a corporation or LLC primarily so that only the entity is liable for the business’s debts and their personal assets are shielded from the business’s liabilities. We all hear stories about “piercing the corporate veil” to create personal liability for a small business debt. The story-tellers typically share with glee how they ‘nailed’ the owner and eventually got paid. In my experience, this is more myth than reality.

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Medicare Cuts: How Healthcare Providers and Collection Agencies Can Fight Back

Ontario System‘s Rozanne Andersen has some compelling points to make about the ways healthcare providers and collection agencies can partner together in the face of Medicare reimbursement cuts. Healthcare providers, Andersen suggests, are getting squeezed from every direction, but by working in concert with collection agency partners, they can squeeze back. Third-party payors are reducing [...]

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How Healthcare Providers Can Improve the Performance of Healthcare Collectors

Over on insidePatientFinance.com, you can download a free whitepaper presented by insidePatientFinance and DECA Financial Services that gives tips and solutions for how healthcare providers can better partner with outsourced collections. In today’s tight financial times, healthcare providers — like any other business — need to collect every penny possible. The healthcare dollars collected today [...]