Click here to request a FREE Quote or call Toll Free 1-877-254-4180
Security Financial Solutions Helps Resolve Medical Debt Quickly…and Compassionately.
Recovering outstanding medical debts from current and former patients requires a special blend of knowledge, experience, compassion, and–crucially–communication skills. Working in this area demands a comprehensive understanding of the insurance submission process and a well-honed ability to determine exactly when it is fair and reasonable to approach individuals about outstanding balances.
SFS agents have this knowledge and experience in abundance. They are extremely adept at approaching patients in such a way that the caregiver-patient relationship is not only maintained but improved. Yet while SFS agents maintain a professional, respectful attitude at all times, our clients come first. After all, outstanding medical debt is money that you’re owed–and money that you deserve. SFS has recovered millions of dollars in medical debt since entering the collections business more than a decade ago. Indeed, our rate of collection in this area currently ranks in the top four percent of all collection agencies nationally. And, once again, our fees are extremely modest, representing only a small percentage of the total amount owed.
For many medical practitioners, successful recovery of patient debts represents the difference between maintaining a successful practice and having to close up shop. We have deep empathy for our clients in the medical field and know that the line between financial success and failure is often a slim one. When SFS recovers what you’re owed, overall cash flow improves, and this allows you to concentrate on what you do best: deliver high-quality medical care to patients.
It is important to note that SFS is fully-attuned to the patient privacy requirements contained in the federal Health Insurance Portability and Accountability Act of 1996 (HIPAA). The only information SFS requires from creditors in the medical space is information related directly to individual patient debts (e.g. missed payment deadlines), which is allowed under HIPAA. We never ask for, accept, or take the time to assess information that touches in any way on personal health issues. We have no need of such information to carry out our work.
In cases where all else fails, SFS is often willing to purchase outstanding debt from medical practitioners, particularly when a practice is in the process of changing hands or being wound down. The best part? We always pay cash. See Debt Purchasing.