RevCycle

AUGUST 22, 2024

Patient access, often overlooked as a mere administrative function, is the linchpin that connects patients to care. It encompasses the systems and processes that determine how easily patients can obtain healthcare services, from finding a provider to scheduling appointments and understanding billing. A well-optimized patient access department is crucial for delivering timely, high-quality care, improving patient satisfaction, and driving financial success.

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Credit Research Foundation

AUGUST 28, 2024

Is leadership a learned or a genetically inherited trait among credit professionals? I’m sure this is a topic that can be debated by some of the brightest minds in the world, but one thing can’t be debated: at the Credit Research Foundation ( CRF ) the brightest minds in the industry gather to educate, network and share their learnings with each other.

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B2B Credit Credit Risk 195

RMAi Blog

AUGUST 22, 2024

MINNETONKA, MN – Central Portfolio Control , a professional collection agency located near the Twin Cities of Minnesota, recently took a team outing to support Time on the Water , a charity event to thank Military, first responders, and health care professionals for their sacrifices. Time on the Water provides an all-expenses-paid five-day fishing trip to Lake of the Woods near Sioux Narrows, Ontario to support sponsored local heroes. “Central Portfolio Control is deeply honored to s

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Know-It Global

AUGUST 15, 2024

Managing accounts receivable can often feel like navigating through chaos, especially when dealing with late payments, discrepancies, and inefficiencies. However, with the right tools and strategies in place, businesses can transform this chaotic process into one of control and efficiency. In this blog post, we will explore how Know-it can help bring order to your accounts receivable process, leading to improved cashflow, stronger customer relationships, and overall business success.

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TreviPay

AUGUST 1, 2024

For the second time, Joel Campbell, Chief Financial Officer of TreviPay, has been awarded CFO of the Year for outstanding performance across the Kansas City region OVERLAND PARK, Kan., August 1, 2024 — TreviPay Chief Financial Officer Joel Campbell has been named as the 2024 CFO of the Year by the Kansas City Business Journal. The annual CFO of the Year award program recognizes financial professionals in the Kansas City region for outstanding performance in their roles as corporate financial ste

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Your Virtual Credit Manager

AUGUST 27, 2024

Imagine a world where extending trade credit was completely risk-free, and granting open terms of sale to business customers required no second thought. In such an ideal scenario, every customer would have both the ability and the integrity to pay their bills in full and on time, eliminating any need for a credit management. But reality matches to a different tune.

Accounts Receivable (AR) 100

Accounts Receivable (AR) Credit and Collections Default Cybersecurity 100

Due

AUGUST 23, 2024

Two former presidents of the Boilermakers International Union have been involved in a $20M indictment. A federal grand jury in the state of Kansas indicted the former presidents alongside seven individuals from the International Brotherhood of Boilermakers, Iron Ship Builders, Blacksmith, Forgers and Helpers (Boilermakers Union). District Director Christiane Abendroth of the Department of Labor’s Office of Labor-Management Standards (OLMS) was stark in their review of the court proceedings.

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RMAi Blog

AUGUST 22, 2024

Staying ahead of the curve is crucial for businesses to thrive. The journey of the Receivables Management Association International (RMAI) and its Receivables Management Certification Program (RMCP) is a testament to the commitment of the industry to professionalism and excellence. Looking back over the last 12 years since the inception of the RMCP, the RMAI provides valuable insights into the certification program as well as the broader industry landscape.

Law Firms 147

Law Firms Credit and Collections Debt Collections Transactions 147

CreditStrong for Business

AUGUST 23, 2024

The Department of Veterans Affairs (VA) offers many benefits to military service members. Prominent among them is the VA home loan, which is one of the ways the department promotes homeownership among veterans and their families. VA loans have advantages over other mortgage types, including a 0% down payment loan option with no mortgage insurance premium.

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Credit Scoring Chapter 7 Bankruptcy Default 98

TreviPay

AUGUST 20, 2024

User Centricity at TreviPay TreviPay takes a user-centric approach to product creation. We focus on creating and improving the user experiences to make products easier, faster and smarter for our end users. Understanding the customer, merchant and client point of view is our primary method of improving the overall user experience. We use multiple types of UX research methods to understand the end user’s goals, needs and pain points.

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Your Virtual Credit Manager

AUGUST 11, 2024

Commercial bankruptcies have been surging since mid-2022. Chapter 11 filings, used by businesses hoping to reorganize, have increased by 34 percent in the first six months of 2024 compared to last year. Chapter 7 commercial liquidation filings are up 28 percent and sub-chapter V small business elections are up a staggering 61 percent despite the filing threshold recently being cut in half.

Sub-Chapter V 100

Sub-Chapter V Bankruptcy Credit and Collections Chapter 11 100

Due

AUGUST 21, 2024

The last several years of uncertainty have placed immense pressure on the economy, making markets extremely volatile and possibly affecting the long-term return of your retirement portfolio. Conditions have been challenging enough for many Americans, as interest rates remained at historic levels, even as inflation has started to come down in recent months.

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Deductions 98

Chaser

AUGUST 8, 2024

An invoice is a legal document requesting payment for products sold or services rendered. It contains the costs of products purchased or services provided and the expected payment date. Invoices are important for tracking sales, accounting, inventory control, and compliance with business regulations.

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RMAi Blog

AUGUST 19, 2024

Committed to Making a Positive Impact in Our Community Rochester, N.Y. – August 19, 2024 – Continental Service Group, LLC d/b/a ConServe, in conjunction with the company’s “Matching Gift Program”, donated its July ConServe Cares proceeds to Action for a Better Community. The ConServe team supports and funds the efforts of numerous local non-profit agencies that strive to make a difference.

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CreditStrong for Business

AUGUST 21, 2024

Whether you’re looking to cover a short-term supply purchase or you’re financing a long-term expansion, there’s a business loan that can help you through it. You likely already have a specific number in mind, but you’re not exactly sure if you’ll get approved for it. When setting your company up for success, choosing the right type of loan is essential to getting the funding amount you need.

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Credit Scoring Credit Unions Small Businesses Invoice Amount 98

TreviPay

AUGUST 27, 2024

A review of B2B Payments Roadshow – London, June 2024 In the early days, I didn’t realise that my journey through the payments world would be such an adventure. When I set Vendorcom up in 2003, I set out on what I thought might be a challenging, but fairly direct, trip from A to B through the implementation of Chip & PIN in the UK. Since then, I’ve discovered the almost endless possibilities and unbounded potential as the journey reveals a series of twists and turns, new encounters, forks in

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Transactions 98

Your Virtual Credit Manager

AUGUST 6, 2024

Extending credit is standard practice if you are selling to other businesses. In the world of business-to-business (B2B) commerce there aren’t many situations where you can require payment in advance or upon receipt of goods or services. Most commercial enterprises are simply not willing to continue trading without credit terms, making it difficult for any trade credit grantor to generate enough revenue to survive on cash sales.

Bad Debt 100

Bad Debt Credit and Collections Accounts Receivable (AR) Credit Risk 100

Due

AUGUST 7, 2024

The usual suspects of side hustles include freelance writing, virtual assistance, and ride-sharing. Wouldn’t it be nice if you could do something completely different? What if you had a side hustle that sparked your creativity, tapped into your hidden talent, or just sounded cooler and more lucrative than “content creation?” This post dives into a collection of unconventional side hustles you might not have known existed until this year, each categorized to fit your unique ski

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Credit and Collections 98

Accounting Department

AUGUST 14, 2024

In today's competitive landscape, small and medium-sized businesses (SMBs) need every advantage they can get to thrive and grow. One powerful tool that can significantly impact a company's bottom line is forecasting.

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Small Businesses 96

RMAi Blog

AUGUST 16, 2024

On August 12, 2024, the New York City Department of Consumer and Worker Protection (DCWP) published its long-awaited amendments to the City’s Debt Collection Rule and an FAQ. DCWP has been working on revisions to this rule since November 2022. It was the subject of two public comment periods which RMAI and an industry coalition submitted detailed responses on December 19, 2022 and November 29, 2023.

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Debt Collections Collector 130

CreditStrong for Business

AUGUST 23, 2024

While there is no universally accepted “minimum credit score” for buying a home, home buyers with a score below 620 will find it very hard to qualify for a mortgage. Each loan program and lender has its own accepted minimums. We’ll dive into many of those options below. What is the Minimum Credit Score for the First Time Home Buyer? There is no formal standard minimum credit score for buying a house using a conventional mortgage loan.

Credit Scoring 98

Credit Scoring Credit Unions 98

TreviPay

AUGUST 6, 2024

Price verification ensures adherence to pre-negotiated prices across all distribution channels. For decades, TreviPay’s Contract Price Verification Service has provided price automation, including auditing and correcting point-of-sale pricing for buyers. Why is this so valuable? Being able to guarantee customer pricing tiers with specific pricing, down to the SKU (Stock Keeping Unit) level is instrumental in delivering an outstanding customer experience.

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Your Virtual Credit Manager

AUGUST 2, 2024

Tuesday, August 6, 2024 1:30 PM Eastern Daylight Time (EDT) Learn More & Register Special offer for readers of Your Virtual Credit Manager: This session will discuss how to optimize cash flow and working capital for your enterprise by applying the best collection strategy to each customer. You will learn how to recognize the weaknesses and pitfalls in your current collection process so you can then take steps to strategically collect more overdue funds faster.

Collector 100

Collector Credit and Collections Credit Management 100

Credit Management Group UK

AUGUST 15, 2024

When beginning a commercial debt recovery claim, through your own company or when hiring a specialist debt recovery company, there are aspects that could make or break your claim, and others that we believe are essential for the success of a claim. Your commercial debt recovery claim: Do you know who your customer is? This should be done before any business relationship has begun, therefore should the business relationship reach the point of debt recovery you will have adequate information to pr

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Credit Management 95

Accounting Department

AUGUST 22, 2024

In the dynamic world of small business, staying ahead means constantly measuring and optimizing performance. That's where Key Performance Indicators (KPIs) come in. These metrics help small business owners, entrepreneurs, and startups monitor their progress, identify areas for improvement, and make data-driven decisions. In this blog post, we'll explore the top 10 KPIs every SMB owner should track for sustained growth in 2025.

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Small Businesses 93

RMAi Blog

AUGUST 15, 2024

Tampa, FL , August 15, 2024 – Inc. revealed this week that Axiom Acquisition Ventures, LLC ranks No. 2083 on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses.

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CreditStrong for Business

AUGUST 2, 2024

Besides your credit score, the primary factors that influence the size of a home loan you can get are your income and other debts. The more you make and the less you owe, the bigger your potential mortgage. Without knowing your income, down payment amount, and debt-to-income ratio, it’s impossible to know how much of a home loan you can get with a 650 credit score.

Credit Scoring 98

Credit Scoring Credit Unions Default 98

Grit

AUGUST 20, 2024

Efficient order management is the cornerstone of a successful eCommerce business. BigCommerce, a leading eCommerce platform, offers a robust set of tools designed to streamline and optimize eCommerce order management , helping businesses improve operational efficiency, boost customer satisfaction, and drive growth. This blog will explore strategies and best practices for optimizing order management on BigCommerce, ensuring that every aspect of the order process is handled with precision and care

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Chaser

AUGUST 1, 2024

Effective credit management is crucial to maintaining cash flow and ensuring operational stability. This means having a firm grip on how much you borrow, how you repay debt, and how you maintain your credit score.

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Credit Management Credit Scoring 94

Reorg Blog

AUGUST 30, 2024

Wheel Pros is preparing for a potential chapter 11 filing as soon as next week after the wheelmaker and distributor missed an interest payment last month.

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Chapter 11 Bankruptcy 92

Gaviti

AUGUST 27, 2024

Once your finance team is onboard with automating your accounts receivables to streamline and optimize the process, you’ll need to decide whether you want to shop for an outside vendor or build your own accounts receivable automation software in-house. The answer depends on a variety of factors, including your company’s size and available resources, the length of your timeline and need for customization.

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DSO Credit and Collections Deductions Payment Portals 92

RMAi Blog

AUGUST 14, 2024

RMAI is an inclusive organization that fosters the participation of a diverse group of employees from all member companies in all RMAI networking activities, educational programming, and committee service. To that end, RMAI created the Diversity Equity Inclusion Belonging (DEIB) Annual Conference Scholarship. The 2025 Annual Conference will be held at the Aria Resort & Casino in Las Vegas, Nevada, February 10-13.

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Accounting Department

AUGUST 1, 2024

Running a business is no small feat, and managing finances can be one of its most challenging aspects. It’s no wonder many business owners are lured by the promise of cheap accounting services. If you think you're saving money with these budget options, think again. This post will uncover the hidden costs that could be undermining your business and explain why investing in quality accounting is crucial for long-term success.

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Abrigo

AUGUST 13, 2024

10 good podcasts for bank & credit union execs & staff These banking podcasts discuss current events, strategic and policy issues, competition, digitalization advice, and more. And all release a new episode at least monthly. You might also like this webinar, "How to confidently navigate AI/generative AI" LISTEN Takeaway 1 An estimated 47% of Americans 12 and older listen to at least one podcast each month, Takeaway 2 With 3.4 million podcasts in the world, it can be challenging to weed

Credit Unions 88

Credit Unions CECL Credit Risk Small Businesses 88

Chaser

AUGUST 20, 2024

Failed transactions are a normal part of business, with data showing that around 11% of all online payments fail to complete correctly. Since failed transactions are a common part of doing business, reducing failed payments should be a priority for accounts receivables (AR) teams of all scales.

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Accounts Receivable (AR) Transactions 90

Credit Management Group UK

AUGUST 19, 2024

Collection letters can be an extremely useful tool to collect payment, as they tend to carry more weight than emails alone. The key to a successful outcome is in writing effective collection letters that make your customers take notice. The tricks for effective collection letters: Letters should be incorporated into structured collections strategy You will most likely have different collection strategies for each client depending on their risk level.

Credit and Collections 87

Credit and Collections Credit Management 87

Due

AUGUST 8, 2024

Retirement advice articles often focus on accumulating a specific nominal amount of wealth, then controlling expenses so that you never outlive your proceeds. These are valuable points of consideration , but they neglect another important aspect of retirement planning: liquidity and cash management. How much liquidity do you really need in retirement and how should you consider liquidity across your investments?

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Medical Billing Transactions 87