Negotiating payments cost-effectively

Negotiating payments cost-effectively

Make sure your billing department has a clear strategic plan in place for negotiating payments.  Having payment option guidelines and rules established is necessary. Make sure your criteria is easy to understand and implement. Remember each situation is different and should be handled individually.

When you finally reach the patient/customer you want to make sure you are ready to evaluate their situation fairly to reach an arrangement that they could afford while maximizing the payment amount and shorten the terms of the arrangement. The goal is to work within their means and determine the difference between wanting to pay and ability to pay.

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Tips for making collection calls

1. Create a call script and include a list of excuses you get regularly with effective replies. Brainstorm with team members and/or staff. Log the excuses with their responses in a spreadsheet or binder and/or include them in your computer scripting. Make sure to group and index them for easy access. Next time you receive an excuse from a customer/patient you will have a ready response letting you control the call.

2. Use validation to control the situation. After an objection or excuse, say, “I can understand why you feel that way”

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The First 3 Steps To Purchasing Your Dream Home

These days, everyone understands to some degree the role the housing market played in the financial crisis in 2008, and many potential home buyers are a bit tentative when it comes to the idea of purchasing their dream home. Whether you faced financial hardships personally or only witnessed the effects the housing bubble burst had on others, you’re certainly not alone if you are nervous to approach the process of buying a home. While there are certainly circumstances when buying a home would not be the right choice, with home prices still rising and mortgage rates set to increase, now is a good time to consider taking the first steps towards homeownership.

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Unique Ways To Save Money You Haven’t Considered

Anyone looking to improve their financial situation knows the common steps to cut spending: eat out less frequently, skip the expensive lattes, limit shopping to the essentials by making a list before you hit the store, etc. Chances are, if you are trying to cut spending, whether to pay down debt, better live within your means, or save up for a rainy day or for a down payment on a home, you’re probably already taking these steps.

While these types of changes can put more cash in your pocket right away, there are some other changes you can make that will also give results immediately and also can have long term positive financial impact that you may not have considered.

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Acclaim Credit Technologies Is Celebrating Our 20 Year Anniversary!

This is a point of view that we still hold today. We try to approach each collections conversation from the view that what we are doing – helping businesses of all sizes collect on monies due from individuals and other companies – is a process that will benefit not just the organization we are representing, but the debtor as well.

From its inception in 1997, Acclaim Credit Technologies has positioned itself as the collections assistance team that companies turn to for help collecting on monies due in a way that is both highly effective and also efficient. The secret: we don’t negate the human element of the collections process by simply pushing every account through a system,

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