As a Healthcare Vendor & Supplier, you’ve taken the time to visit us because you have lost revenue tied up in unpaid receivables, you need help recapturing that revenue, and you need to know exactly what differentiates CedMar from the more than 2000 traditional medical debt collection and recovery firms available to you domestically.
Our success is driven not only by our understanding of the order-to-cash cycles of our Healthcare Vendor & Supplier clients, but from also understanding their clients and the business environment in which they oftentimes struggle to operate.
For the most part, hospitals, surgery centers and medical practice groups are not managed efficiently and as a consequence, your invoices are not a priority for payment.
AP Managers for these companies have become experts at playing the game of extending their vendors to the unfortunate point that far too many Healthcare Vendors & Suppliers have come to expect & accept the low expectation of receiving payment well beyond agreed to terms! Armed with this knowledge and medical bill collection experience, our efforts reverse this situation by compelling your delinquent clients to place your invoices at the forefront of the payment process without damaging the relationship and our client’s ability to maintain market share!
Another differentiator is our exclusive utilization of paralegals & attorneys to manage the medical bills collections process. We do not utilize traditional bill collectors to contact debtor clients because utilization of a “bill collector” carries with it the real or perceived concern about tactics they may employ, and because medical bill collectors do not wield the same credibility in today’s business climate that they did 10 – 15 years ago. Why?
Millions of individuals have been:
- Educated on the reality that traditional bill collectors have very little if any legal power.
- Educated on how to neutralize the tactics of traditional bill collectors…
…drastically reducing the traditional bill collector’s ability to secure payment
For example, one of the many tactics that is often taught is the art of effectively disputing a debt – even if the debt is rightly owed! This trend has lead to an exponential increase in the number of baseless disputes alleged by delinquent clients as an excuse for non-payment, rendering traditional 3rd party medical bill collection agencies as powerless and unable to resolve due to the reality that:
- Their credibility was neutralized before contact was even made.
- Their collection procedures and demand notices are not fundamentally designed to manage disputes and;
- Traditional bill collectors are not educated in the art of contract interpretation or dispute resolution.
- Ask yourself – How many times has your current 3rd party advised that your collection account is being disputed and is therefore collectible?
CedMar conquers this debtor education trend by leveraging our industry-leading experience & our knowledge of the health care debt collections process, together with the sole utilization of collection specific paralegals and attorneys whose credibility, legal expertise & dispute resolution prowess neutralizes today’s educated debtor client. Today’s educated debtors find their collection-neutralization tactics rendered useless when dealing with a credible legal professional. In the end, our health care collections process is driven by competency & credibility; and what this means for you is that we will almost never fail to recover past due debts where traditional collection firms experience failure on a regular basis!
