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Holiday Collection Policy Tips from the RevCycle Heroes

RevCycle

DECEMBER 7, 2023

Send friendly reminders before the due date, highlighting any holiday-related delays in processing payments. Offer alternative payment methods: Provide options like online payments, installments, or pre-authorized debit to make it easier for customers to pay on time.

Alternative Payment Methods 223
Alternative Payment Methods Credit and Collections Credit Scoring Payment Portals 223
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Top 4 Accounts Receivable Challenges and How to Overcome Them

Gaviti

MARCH 21, 2023

Work with the customer and see if you can come up with an alternative payment method. While this may result in small transaction fees or tracking difficulties, at least you will be collecting the money that is owed for goods and services rendered. Have a payment portal.

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Payment Portals DSO Alternative Payment Methods Dashboards 78
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