Collection Questions to Ask Before Hiring a Debt Collection Agency
The decision to escalate a delinquent account to a collection agency is a significant step in your revenue cycle. Success, however, isn’t just about hiring a third party; it’s determined by the groundwork you have already laid. A strong collection strategy begins long before an account becomes past due. Before engaging a partner, it is […]
The Legal Edge: Navigating HIPAA and Virginia Law in Medical Debt Collection
For any medical practice in Virginia, from a local clinic to a large hospital system, managing accounts receivable is a critical business function. When patient accounts become delinquent, collecting that debt is necessary for the financial health of your practice. However, the process is fraught with legal complexities that, if navigated improperly, can lead to […]
We’ll See You at the 2025 VACA Summer Conference!
With the event just around the corner, the team at Gilliam & Mikula is excited to announce that we will be attending the Virginia Association of Commonwealth’s Attorneys (VACA) 86th Annual Summer Conference. This year’s event takes place in Virginia Beach at the Marriott Virginia Beach Oceanfront from Thursday, July 31, to Sunday, August 3, […]
6 Debt Collection Tips for Small Businesses
With millions of Americans expecting to miss a credit card payment this year, it should be no surprise that people fail to pay other bills as well. For small business owners, customers failing to pay you can be catastrophic for your company. It can result in you being unable to pay your bills and even your […]
The 5-Step Checklist for Reducing Patient Accounts Receivable in Virginia
For any successful medical or dental practice in Virginia, providing excellent patient care is the top priority. However, the financial health of your practice depends on another critical function: efficiently managing patient accounts receivable (A/R). When A/R ages, it can strain your cash flow, consume valuable staff time, and pull focus away from what you […]
Regain Control of Your Cash Flow: Why Outsourcing Debt Collection is a Smart Business Move
In the business world, cash flow is the lifeblood that keeps operations running smoothly. However, when faced with unpaid debts, businesses often struggle to maintain a healthy cash flow, leading to increased stress, strained resources, and potential financial setbacks. This is where outsourcing debt collection to a professional debt collection agency emerges as a strategic […]
Dealing With Medical Debt Collections
In the complex landscape of the healthcare industry, the amount of medical debt collections outstanding can become a significant concern for medical practices. Unpaid medical bills create financial challenges and strain the overall efficiency of healthcare providers. Many medical businesses are turning to professional medical debt collections agencies. Let’s take a look at some of […]
Prevent Late Payments: Clear Contracts & Policies for Home Services in Richmond
Running a home services business in Richmond, VA, is rewarding, but dealing with late payments can be a major headache. Chasing down invoices not only eats into your profits but also strains client relationships. Fortunately, there are proactive steps you can take to minimize late payments and ensure a smoother financial flow. The key? Clear […]
What to Look for When Hiring a Debt Collection Attorney
If your business has begun to pile up past-due debts, it’s time to consider hiring a debt collection attorney. Retaining the services of a debt collection attorney’s agency is a good option if you have tried to collect the debt yourself and have yet to be successful. However, it is vital to choose the right […]
‘Tis the Season to Collect: Strategies for Effective Debt Collection
During the holiday season, businesses across Virginia and Maryland have a busy sales period with increased revenue. However, amidst the hustle and bustle of the holidays, it’s essential to remember the importance of debt collection. Outstanding payments can strain your business’s cash flow, making it challenging to meet your financial obligations in the New Year. […]