At MiraMed, we are proud of our reputation as one of the healthcare industry’s leading secondary bad debt collectors. Our diligent approach is perfectly suited to collect difficult accounts that have gone uncollected, even when the efforts from another collection agency have been unsuccessful.
MiraMed offers secondary placement bad debt collections that increase the overall collection rate of any provider’s collection portfolio. The decision to place an account with a third party after the first or primary placement was unsuccessful is a strategy many health providers are seeking. This approach mitigates diminishing returns due to declining collectability from their self-pay patient population.
With the current industry dynamics and increasing concerns for essential financial performance, revenue cycle executives are facing pressure to increase bad debt collections. By leveraging MiraMed’s bad debt second-placement strategy, our clients maximize recoveries for bad debt collections above what a primary agency alone would produce.