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Revco Solutions, LLC, a debt collection agency headquartered in Durham, NC, has published an article that highlights the top reasons that using a collection agency might be the right move for many companies who are struggling to recover payments from debtors.
The entire article can be found at: https://revcosolutions.com/5-reasons-to-hire-a-collection-agency-to-manage-your-accounts-receivable
One of the most important reasons to consider using a debt collection agency is the money that can be saved. A revenue cycle partner can often get the money owed for less than a company trying improving its internal processes, which can come with a hefty price tag. Outsourcing accounts receivables shifts the responsibility for hiring, training, and ensuring the compliance of a collections team to the agency.
There is also the ability to collect more. A trained team of collectors can improve a business’s success rate, systematically managing the overdue accounts to bring in payment. With the right partner, it is possible to get access to a team of dedicated representatives trained to collect on specific accounts. Healthcare providers, for example, need a team of collection professionals who are trained in HIPAA, data security, and the importance of protecting both patient health and financial information.
A collection agency can help improve customer interactions. While collecting money owed for services rendered is a routine part of business operations, it can become contentious. A dedicated team means having someone there at every stage to answer questions and provide guidance. For example, each member of the Revco Solutions’ team has made a pledge to treat patients and customers as partners in seeking a solution to resolving their debts.
Human Resources Manager Hannah Reese says, “With the right people in place, we then provide the comprehensive training, streamlined processes, and cutting-edge technologies to facilitate their ability to deliver the excellence that has earned us the loyalty of our client partners, with many relationships spanning decades, representing some of the largest healthcare, utility, government, and financial organizations in the country.”
For more information, call 855-202-0113 or click the link above.
Release ID: 89010054