Medical Debt Collection for Dentists
As a dentist, your schedule is already tight, and medical debt collection is a headache you do not have to deal with. Phone calls barely work, and the rise in self-paying patients is only worsening the situation. So, how can you trim down your accounts receivable aging report while ensuring that your practice continues providing dental services?
We, HMS Collections, are a medical debt collection agency that complies with all state and federal laws, including the Fair Debt Collections Practices Act. We respect your patients; as such, we ensure that our collection strategies do not jeopardize the relationships you have established with them. Our skilled and experienced debt recovery specialists can help improve your debt collections efforts and get you paid in the soonest time possible. Contact us today for a free consultation! We are prepared to pursue legal action on your behalf.
Medical Debt Collection Agencies Can Recover Your Money Quickly and Efficiently
When patients are unable to pay for dental services, this can result in lower provider reimbursements, which, in turn, can negatively impact patient outcomes. To prevent this, hospitals and medical practices can hire collection agencies to recover money from patients who are yet to pay the full cost of treatment. A medical debt collection agency is ideal because:
Debt Collectors Can Compassionately And Professionally Recover Money
Debt collectors understand that apart from a lack of insurance coverage, patients may fail to pay their medical bills because they lack education or knowledge about their insurance coverage, consumer debt such as auto loans or mortgages, or a rise in healthcare costs. As such, they handle each case individually and develop a collections strategy that will help you recover the money you are owed.
A Debt Collection Agency Will Ensure That You Get Paid For The Services You Provide
If you are a doctor’s office or medical practice, a collections agency can help you collect unresolved debts. This is because debt collectors are trained in the federal and state debt collection laws and have the skill and experience needed to recover debts.
Medical Debt Collection Agencies Provide Anonymity
Hospitals and medical offices can use a debt collection agency if they do not want their name to be linked to the practice of collecting debts of patients who were ill. HMS Collections helps businesses manage the payment from debtors. As a business, you must protect your profits. Our agency recovers the money you are owed professionally and provides recovery services for businesses throughout Missouri. Call us today. We are proud to serve as your collection partner.
Partnering with a Medical Debt Collections Agency Can Boost Your Business
- For starters,
when you outsource the debt recovery process, you get more time to focus on your business, plan future business endeavors, and make adjustments to your business process that can increase productivity.
- Second, when you partner with our medical debt collection agency in St. Louis, MO , you get to work with a team entirely dedicated to collecting past due payments, updating past due accounts, and improving the flow of cash.
partnering with us ensures that you get delinquent accounts resolved in the shortest time possible.
our connection rate is high, which means that we also have an improved collection rate. We achieve this by working on weekends and during the evening.
We provide comprehensive and professional debt collection services. Our debt collections specialists are armed to the teeth for their interactions with patients about healthcare billing collections. They can get patients to pay what they owe medical providers while upholding the highest level of professionalism. Let us start helping you with a free consultation. Many who have partnered with us also enjoyed our services as we followed up with their dental insurance company to ensure prompt and timely processing and payments for claims.
Main Reasons for Non-Payment in Missouri
There are various reasons why patients fail to settle their medical debts; these include:
Some medical practices have complex billing systems
Medical bills can be massive and are often unanticipated
The rise of healthcare costs
Patients may have other expenses and bills to take care of, such as student debt or credit card payments
Patients have several medical bills since they need to undergo multiple procedures for treatment
Most patients have incredible deductible health plans; however, they have less than $1,000 in savings.
Many hospitals and medical practices in Missouri suffer from non-payment of medical bills. Hiring a debt collection agency is the best way to collect medical debts because debt collection agencies have recovery professionals who provide services guaranteed to get you paid. Do not let your business crumble because of obligations. Give us a call, and our dedicated team will work to recover your money so that you can stay in business.
How Medical Debt in Collections Can Affect Your Credit
An unpaid medical collection account can affect your credit scores even if you are making monthly payments. If you cannot sell your debt to a collection agency, which will forward a report to all credit bureaus, your collection account will be a part of your credit history.
Leaving your medical collection unpaid can harm your credit; so, it is better to clear it when you get the chance. While clearing your medical collection will not remove it from your credit report, your account will be updated to show no outstanding payment.
How Much Do Medical Collections Settle?
On average, debt collectors settle for 48% of the total medical debt. When one works with a collections agency, they can get a better deal than negotiating alone.
Is It a HIPAA Violation to Send Medical Bills to Collections?
Sending medical bills to collections is a HIPAA violation because collection agencies do not have to access one’s medical information or medical history to collect medical debts. The only time a collections agency can access a debtor’s medical information is when the medical information is directly involved with the obligations they are trying to collect.
We also collect all relevant information from your business to ensure HIPAA compliance in our access to patient data and its security. If we are careful, sending the medical bills to collection does not constitute a HIPAA violation.
How Can I Get Rid of Medical Debt in Collections?
You can get rid of medical debt in collections by applying for an income-driven hardship plan. If you qualify, part of your debt can be forgiven, and the remaining balance can be broken down into smaller, manageable payments.
Do You Find the Debt Collection Process to be Daunting? Call Us and Let Us Handle Everything for You
HMS Collections offers countrywide debt recovery services. With our medical debt collection for dentists in St. Louis, MO, you do not have to pay any front fees to refer to a collection account. Thus, you only pay the fixed contingency recovery rate after retrieving the debt, and we charge no fee for reporting our clients’ invoices to credit reporting agencies.
Our collection calls conform to the Fair Debt Collections Practices Act, so you can rest easy knowing that our trained collectors comply with all required laws. Our collections services and negotiation skills are unmatched, and our results are achieved by being firm and persistent but never threatening or aggressive.
Feel free to call our office at 636-538-5119, or visit our physical location at 42 Four Seasons Shopping Center Chesterfield, MO 63017, or contact us directly by completing the contact form on our website.