More than half of the respondents to LiquidEdge’s May ARM Industry Poll say that they are currently collecting Aged or Out-Of-Stat medical debt or are planning to in 2012 while 44% are still not tapping into this opportunity.
Are you collecting Aged or Out-Of-Stat Medical Debt?
Yes | 44.4% |
No, can’t make money | 44.4% |
Plan to this year | 11.1% |
What does the poll tell us?
This poll indicates that over 55% of the industry is currently collecting Aged or Out-Of-Stat medical debt or is planning to in 2012. Surprisingly, there is still a significant portion of the industry that is not engaged in this lucrative market segment even though demographics indicate that the population is aging and will continue to grow.
LiquidEdge has developed a tried and true method for making money while working Aged and Out-Of-Stat paper. Even with the thinnest of margins, scaling work efforts in accordance with the payment propensity will enable companies to be efficient while being effective working all aged debt.
To learn more:
Read the business case, “How to Profitably Collect on Aged and Out-Of-Stat Accounts” – Download now
Attend our free webinar – The Truth About Finding the Gold in Collecting Aged or Out-Of-Stat Debt, to be held Tuesday, June 12th 2pm EDT/11am PDT – Register here
Your opinion is important; participate in our monthly LiquidEdge ARM Industry Poll.
Related Content:
- Healthcare Receivables Report
- The Debt Collection Compliance Handbook
- Increasing Outside Medical Collections for Emergency Physician Groups
- Tips to Prepare for the Rise in Healthcare Bad Debt