Free Report: 11 Tips for Improving Return on Healthcare Receivables

Download this Free Report and Learn:

• Critical steps for healthcare receivables management companies and providers alike
• How healthcare receivables management companies and providers can maintain profitability
• The impact of bad medical debt on the healthcare industry

Key advice for medical receivables companies and healthcare providers

11 Tips for Improving Return on Healthcare Receivables

The U.S. healthcare receivables industry is enormous, representing one in every six dollars spent in this country, or roughly $2 trillion, in 2005. The aging of the population and other macroeconomic trends suggest that this industry will grow moderately for the foreseeable future. Part of this growth has heightened an industry problem: more bad medical debt. Healthcare providers in the United States set aside $129 billion annually to cover bad medical debt, amounting to roughly 7 percent of the industry’s revenues – and more than double the industry’s average net profits of 3 percent. As bad debt has caused profitability to wane, healthcare providers have partnered more with companies that specialize in the collection of delinquent medical receivables.

Healthcare Receivables Industry Must Acknowledge Self-Pay Patients

Healthcare providers and medical receivables management companies must work collaboratively to confront the challenge of bad medical debt. This free report describes 11 ways in which this collaboration is improving return on medical receivables.

Download 11 Tips for Improving Return on Healthcare Receivables and discover how players in the healthcare receivables industry must adjust to the impact of self-pay patients on the way they recover bad medical debt.

Healthcare Receivables Debt Collection Must Start Early

Download 11 Tips for Improving Return on Healthcare Receivables and discover:

• Why medical debt collection efforts should start earlier to maximize debt recovery rates
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• How financial services intermediaries affect the cash market for medical receivables

Use Healthcare Receivables Management Services for Different Purposes

Download 11 Tips for Improving Return on Healthcare Receivables and discover:

• Why medical receivables management companies provide early stage collections under a healthcare provider's brand
• How delinquent medical debt can be monetized by healthcare providers and recovered by medical receivables management companies
• Why a combination of first party work, contigency debt collections, and medical debt buying is best for healthcare providers

Healthcare Receivables Management and Price

Increases in healthcare placements have made this sector of the accounts receivable management industry more appealing to established medical receivables management companies and new entrants alike.

Download 11 Tips for Improving Return on Healthcare Receivables and learn:

• How new competitors in medical receivables have utilized pricing to gain marketshare
• How the average contingency fee for primary placements of medical debt has decreased
• How healthcare executives are reacting to the behavior of the medical receivables management industry

Medical Debt Buying

In 2005 an estimated $3 billion to $4 billion in face value of healthcare debt was purchased. The medical debt buying market has grown considerably, as medical debt buyers experienced in the purchase of credit card debt have entered the healthcare market, contributing to higher prices of medical debt portfolios and providing immediate cash to healthcare providers. Important differences remain between credit card and medical debt purchasing, including prices, debt collection methods, buy-back provisions, and resales, to name a few. However, healthcare providers and medical receivables management companies agree more and more that healthcare debt buying will have a considerable impact on the future of medical receivables management.

Download 11 Tips for Improving Return on Healthcare Receivables and discover the rest of our key strategies for medical receivables management companies and healthcare providers.