According to research by Kaulkin Media, if you are in the healthcare industry 7% of your sales should be set aside for bad debt. That is a staggering number. To help companies in the industry control bad debt losses, it prepared a white paper listing 11 tips for a “healthy” collection program.
1. “Acknowledge the impact of self-pay patients “
this really isn’t so much a tip on collection as it is a reminder to keep in mind that 16% of the US population is uninsured and can account for a significant portion of the problem debt. (more…)


