Blog
Solving the Unique AR Challenges of For-Profit Colleges
For-profit colleges face unique challenges in managing their accounts receivables, which are crucial to their financial health. This blog details some of the AR challenges of for-profit educational institutions and offers potential debt collection solutions for for-profit colleges looking to improve their recoveries. Unlike traditional colleges, for-profits typically cater to a student population that is
Maintaining Employee Engagement in the Era of Remote Work
In the age of remote work, sustaining high employee engagement is no small challenge. The once bustling office environment has been replaced by isolated home office spaces, making it increasingly difficult to foster a sense of interconnectedness and collaboration. Understanding the tangible impact of these challenges, IC System has introduced several strategies to cultivate a
IC System Becomes DebtNextâs First Accredited Partner
IC System is proud to announce that DebtNext has made our company the inaugural member of its dPlat Partner Accreditation Program. As the first accredited company under the new program, IC System is a trusted partner for creditors looking to select a collection agency and integrate their past-due inventory using DebtNext’s comprehensive recovery management platform. DebtNext Software
Overcoming Staff Shortages in Healthcare
Dental and healthcare offices currently face staff shortages that significantly impact how providers address their AR inventories. The shortages affect many positions, from dental assistants to front office staff and nurses, who scramble to meet high demands with fewer resources. They also impact the back office staff, who must contend with billing matters. As a
The Disadvantages of Debt Collection, and Its Necessity for Businesses
Debt collection can be a necessary evil for businesses. When customers fail to pay their bills on time, it can significantly impact a business’ cash flow and profitability. Many businesses turn to a third-party accounts receivable management company to resolve the issue. However, there are also some risks associated with debt collection that businesses should
Star Tribune Names IC System a 2023 Top 200 Workplace
IC System has been named one of the Top 200 Workplaces in Minnesota by the Star Tribune. The 2023 distinction marks the seventh year in a row that IC System has been a Top Workplace. A complete list of those selected is available at startribune.com and was also published in the Star Tribune Top Workplaces
Healthcare Collections Still Possible Under New Regulations
New regulations and restrictions concerning credit reporting and the placement of healthcare debt with collection agencies have prompted some providers to stop placing debt with their agencies, especially accounts under $500. The response has led to a decrease in the revenue providers would usually receive from unresolved bad debt sent to their collection partners. Not
6 Things to Consider When Hiring a Debt Collector
If your business needs help collecting from past-due consumers, you probably have questions about what to look for when hiring a debt collector. But are you asking the right questions? Here are some questions to consider before you hire a debt collector to contact your delinquent accounts. What collection services do they provide? For your
IC System: In the Community 2022
IC System has maintained a positive and caring presence in our community for 85 years. Our purpose of âMaking Collections Betterâ means that our employees not only strive to enrich our relationships with clients, consumers, and industry partners but also improve our community. Download IC System’s In the Community 2022 PDF to learn about some of
Overcoming Debt Collection Challenges in 2023
The collection industry faces new debt recovery challenges in 2023. Throughout the United States, collection agencies have struggled to provide debt collection services in a financial climate fraught with new regulations and rising inflation. What are these challenges, and how will IC System overcome them? Inflation: Inflation in the U.S. economy has caused the price
