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 both 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 the reasons why hiring a medical debt collections agency like Gilliam & Mikula will greatly benefit your medical business.
Expertise in Medical Debt Collections
Dental practices specialize in oral healthcare. Podiatrists focus on the feet and lower leg. You wouldn’t go to a dentist for ankle pain or a podiatrist for an extraction, right? Of course not!
However, when faced with dangerous amounts of unpaid medical debt, you’ll find dental practices and podiatrist’s offices trying to collect on medical debt… which is not their specialty!
Choosing to outsource debt collection to a professional agency means your business can focus on its core activities, such as providing quality patient care and expanding services. Delegating debt collection responsibilities allows your staff to allocate their time and efforts more efficiently, leading to increased productivity and improved financial management.
Medical debt collection agencies like Gilliam & Mikula specialize in navigating the complexities of healthcare collection processes. By leveraging our expertise and experience, we can efficiently track down unpaid debtors and their debt. Our specialization ensures that your medical business can focus on what you do best.
Collections Oversight
At Gilliam & Mikula, we offer an easy to use dashboard that efficiently collates all of the data regarding our debt recovery efforts on your behalf.
At any time, you can log in to your dashboard to see who we’ve contacted and how much we’ve been able to collect. This allows you to see in real time how effective we are – and knowing how much of your debt we’ve recovered also allows you to plan your business’ finances accordingly.
Increased Debt Recovery Rates
We have access to specialized tools and technologies that can significantly enhance the chances of debt recovery. Our skip tracing techniques easily locate debtors, and we employ effective communication channels to engage with them.
Additionally, our agency is well versed in negotiation and settlement strategies, increasing the likelihood of recovering outstanding debts.
Finally, because Gilliam & Mikula is operated by attorneys (licensed in both Virginia and Maryland), we’re able to leverage the power of the legal system if needed.
By partnering with a medical debt collections agency, your medical business will improve its debt recovery rates and minimize revenue losses.
Protection of Patient Relationships
Maintaining positive patient relationships is crucial for any medical practice.
Outsourcing your firm’s debt collection to an external agency allows you to separate your business and people from the collections process entirely, shielding them from the potential reputational damage associated with debt collection.
Don’t believe us? Check out our Google Business Profile! Any one of those 1-star reviews could have landed on our client’s page, but we got them instead. That’s a burden we’re happy to bear.
Legal Compliance and Industry Knowledge
As mentioned above, Gilliam & Mikula is owned and operated by attorneys. We stay up-to-date with the ever evolving legal regulations surrounding debt collection practices. We are well versed in the Fair Debt Collection Practices Act (FDCPA), Health Insurance Portability and Accountability Act (HIPAA), and other relevant laws.
By partnering with a reputable agency with a legal background, your medical business can ensure strict adherence to these regulations, mitigating the risk of legal complications and reputational damage.
Work With a Professional Medical Debt Collections Firm
Medical debt collections pose significant challenges to medical businesses. With the ever increasing amount of medical debt owned by the average American, things are only going to get more challenging.
Enlisting the services of a medical debt collections agency can be a game changer for your business. Ready to get started? Contact us today!
Gilliam & Mikula PLLC is centrally located in Richmond, Virginia, and serves clients throughout the Commonwealth of Virginia. Our attorneys have over forty years of combined experience in various practice areas, representing individuals and businesses. We are licensed to practice in all General District Courts and Circuit Courts of the Commonwealth of Virginia including, Central, Tidewater, and Northern Virginia areas, as well as the State of Maryland.
The attorneys at Gilliam & Mikula are here to smoothly guide you through the “legal maze” and ensure that you achieve the most favorable outcome.
The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information.
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