Fairway Capital Recovery Blog

Is Hiring a Debt Collection Agency Right for your Medical Practice?

Posted by Kelly Kramer on Thu, Nov 13, 2014

If you are thinking about using a debt collection agency to mange your outstanding accounts receivables, it’s only natural to have some questions. Here are answers to seven frequently asked questions about engaging debt collection services:

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Topics: outsourcing debt collection, accounts receivable management, medical collections

Study Shows 35 Percent of American Adults are in Debt Collections

Posted by Kelly Kramer on Tue, Oct 28, 2014

A staggering number was recently released by the think tank Urban Institute and debt buyer Encore Capital Group.  More than 1/3 of all Americans with a credit report are currently in a stage of debt collection. 

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Topics: accounts receivable management, medical collections

ARM – Stands for more than just Accounts Receivable Management

Posted by Kelly Kramer on Mon, Sep 29, 2014

As part of Fairway Capital Recovery’s collection services we have created ARM to better demonstrate the levels of collection services available at our company.  Our clients can choose one, two or all three of the services to meet their unique needs. 

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Topics: accounts receivable management, collection services

Fairway Capital Recovery Offers More Than Mere Collection Services

Posted by Kelly Kramer on Mon, Aug 18, 2014

Forget what you know about a typical collections agency.  Fairway Capital Recovery (FCR) is an Accounts Receivable Management company that not only can assist you with recovering debts, but is also able to help you set up those accounts receivable processes to minimize the amount of debts needing recovered. 

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Topics: hire collection agency, accounts receivable management, debt collection agency, Hire a collection agency, debt collection, ARM, collections agency, ARM industry

Fairway Capital Recovery Provides Quality Collections Agency Services

Posted by Kelly Kramer on Mon, Aug 04, 2014

Recent national news coverage about the collections industry has brought into question some of the actions of a minority of Collections Agencies.  This coverage has cast a negative light on the industry, but does not accurately represent the actions or commitment of Fairway Capital Recovery.

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Topics: collection agency, hire collection agency, accounts receivable management, debt collection, collection industry news, collection agency calls, questions about collections agencies, collections agency

Quarterly Update: Accounts Receivable Management Industry News [Part 2]

Posted by Matt Alkire on Wed, Feb 05, 2014

Whether you perform collections activity in-house or outsource to an agency, it’s important to be aware of the regulatory changes and trends in the accounts receivable management (ARM) industry. This industry is highly regulated, and the rules governing debt collection practices have seen many changes in recent years. Here are some updates of which you should be aware:

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Topics: collection agency, accounts receivable management, collection industry news, ARM

Four Secrets to Successful Dental and Medical Collections

Posted by Matt Alkire on Thu, Dec 19, 2013

Consumers approach medical and dental bills differently than other bills, such as utility bills or rent. In many cases, they might feel less urgency to pay. After all, if your choices were between being evicted, having your electricity shut off or not paying for last month’s teeth cleaning, which bill would be your lowest priority?

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Topics: collection agency, debt collection services, accounts receivable management, collection agency fees, medical collections

Why Your Collection Agency Should Be Licensed, Bonded & Insured

Posted by Matt Alkire on Wed, Nov 20, 2013

You may often hear collection agencies refer to themselves as “licensed, bonded and insured”—but what do those things really mean? In this article, we’ll take a closer look at each of these concepts and why they are important.

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Topics: collection agency, outsourcing debt collection, accounts receivable management, questions about collections agencies, Collection agency license

How to Build a Case for Outsourcing Debt Collection in 5 Steps

Posted by Matt Alkire on Mon, Oct 21, 2013

As with any change, the decision to outsource debt collection will require you to communicate with key stakeholders and get their buy-in before you can move forward. Follow these five steps to begin building a case for outsourcing debt collection at your company:

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Topics: collection agency, outsourcing debt collection, hire collection agency, outsourcing, accounts receivable management, debt collection agency

Quarterly Update: Accounts Receivable Management Industry News

Posted by Matt Alkire on Fri, Aug 16, 2013

The accounts receivable management (ARM) industry is highly regulated, and the rules governing debt collection practices have seen many changes in recent years. Whether you perform collections activity in-house or outsource to an agency, it’s important to be aware of the regulatory changes and trends in the industry.

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Topics: financial regulations, accounts receivable management, collection industry news, ARM