Many of you have heard me rant about the futility of sending an endless round of statements to your patients in an attempt to collect past due balances. While the alternative of sending everyone to a collections agency is not exactly a viable solution either, we’ve been “beta-testing” a solution for the past several years that has proven to be a winner.
It is a “statement of delinquency” form that was developed to get slow paying patients to pay. I will admit that I was initially suspicious of its simplicity. But thousands of “beta-testing” trials later have proven one fact: simple works! In fact, several chiropractic clients using them has found that they work particularly well even in stalled economies such as the one we are in now.
The Delinquency Statements are very simple and inexpensive to produce. Here’s the
“recipe” if you’d like to make your own: include a big fat heading reading “Statement of Delinquency” that catches anyone’s attention. Then include the name of the responsible party, services rendered and, of course, the amount due. Finally, be sure to add a couple lines that mention what you will do if the balance is not paid and how the delinquency will be cancelled if payment is received in 10 days.
WHAT THIS EBOOK CONTAINS
- The exact template and instructions for printing the “Statement of Delinquency” letters
- Instructions for use as part of the Collections Knock Out strategy
Once you have purchased the template, you can reproduce as many as you like…forever!
While this represents a definite direct hit to your escalating A/R, coupling the Delinquency Statements with an Auto-Debit Strategy in which you offer patients the ability to pay their balance over time helps you increase your ability to capture an enviable percentage of your delinquent accounts.
In fact, several clients utilizing our Collections Knock Out strategy have remarked that this one-two punch has resulted in better collections performance than their collection calls and collections agencies combined. And the best part – you can do it yourself at a fraction of the price!!
Cost: $19.97 — Collections Knock Out (Click to Buy)