Bad debt can present a significant challenge for medical practices of all sizes, particularly in the current economic landscape. Not only does it represent a direct loss of revenue, but it can also create additional expenses related to collections efforts & legal proceedings. In extreme cases, bad debt can even threaten the viability of a practice.
It’s for these reasons that it’s essential for practice owners to have & enforce a comprehensive strategy to prevent, manage & reduce bad debt.
In this eBook, we will explore some of the key factors that contribute to bad debt in medical practices & provide actionable advice for minimizing its impact on your bottom line.