A. A billing manager recently shared with me: “I don’t really have a collection problem, I have a payment processing problem.” Wow. That’s a nice problem to have, isn’t it? She’s hitting her collection goals, but the cost of collecting is too high.
A. It’s not as clear as you might think. Like any metric, it’s critical that you understand the key inputs that lead to your collection rate. Furthermore, being well informed about your measurement is the first step toward improving your results.
BETHESDA, Md. – Drive Medical is refinancing existing debt and supporting ongoing capital and growth needs with a $115 million loan, according to financing administrator GE Capital, Healthcare Financial Services.