Blog
How small business credit reporting helps you resolve past-due accounts
Late this summer, Equifax rocked the news headline cycle when it came out that hackers made off with the Social Security numbers of a whopping 145 million consumers, along with their names and dates of birth. That means nearly half the U.S. population is touched by this security breach, making it easier for criminals to
Bring balance to your small business debt collection efforts
In small business debt collection, the golden rule to motivating late customers to get current with their payments is persistence. Phone calls and reminder notices should be a part of every small business’s billing procedures, even if it’s not time yet to turn over the accounts to a collection partner. It’s important to bring balance to the
A Practice Checklist to Help You Prepare for 2018
Each day, your practice is there to help patients take stock of their health and create a plan to get healthier. But how often do you step back and give your practice a good checkup? The end of the year is a natural time to look back on the past 12 months and take stock. Don’t
Personal Income Growth Rates Signal Pattern for State Governments
Tracking the rise and fall of personal income levels sheds a light not only on you and your family’s economic status, but it also allows state governments to follow economic developments. Personal income levels consist of an individual’s wages, as well earnings from investments, and benefits from your employer or the government. Personal income data
Track your healthcare accounts receivable days
Those in the healthcare field know very well how numbers serve as key indicators of a patient’s health. When one of the key measurements is out of whack, it’s not proof of an underlying cause, but it’s a starting point in finding the root of illness and disease. The same is true for your practice’s financials. Having
IC System Comes Together for Local Food Shelf
When the leaves start to change and the autumn season rolls around, that means it’s time for the Fall Fundraiser at IC System. Our company’s charitable group ECHO (Employee Charitable Help Organization) leads several days of games and events to gather employee donations for local charities and families in need. No other game or activity
A patient has filed for bankruptcy. Do you know what to do?
Patient bankruptcies in the healthcare industry, as a whole, are on a downward trend. In 2016, the rate had fallen by half compared to those filed just six years before. Still, it’s important for any practice or clinic to take time to consider the legal and ethical implications that come with working with a patient who has filed. Now’s the
Dentists: Collection Plans Reduce Accounts Receivable
Just as it’s satisfying to remove dental plaque, it would be ideal to completely zero-out the account receivables column in your books. Since that’s unrealistic, the next best thing is to prevent the account receivables from accumulating to the point that the practice finds itself in the midst of a cash shortage. One easy way to
Wildfires Burn Through State Budgets
So far, 2017 has been a notably bad year for wildfires, both in the literal and figurative sense. Nationally, wildfires have consumed nearly 9 million acres of land year-to-date, which is about 45% more than the annual average over the prior ten years. Fighting all of these fires is quite expensive, with the federal government
IC System Earns President’s Volunteer Service Award
IC System has earned the President’s Volunteer Service Award. The award recognizes United States citizens and groups who have achieved the required number of hours of service over a 12-month period. The President’s Volunteer Service Award (PVSA) is the premier volunteer awards program in the country, encouraging citizens to live a life of service through
