Question

What are the debt tolerance levels that a health care business accepts. b. List the possible debt recovery strategies for a health care business. c. Most of the health care business follows the practice of sending generic debt recovery letters to the same party multiple times, do you think is effective

Answer 1

A Debt tolerance level is the degree of risk of recovering debt. The Risk tolerance refers to the degree of vriability of the investments returns that a party or investor is willing to withstand. The Debt tolerance level that a health care business ccepts are managing the level of recovery of external debts , Managing the reminders for the recvery of debt

The possible debt recovery strategies for a health care business are :-

1. Debt Buyers

2. Accounts receivable management

3. Collection agencies

4. Revenue management

5. Direct debit of health insurance receipts

Most of the health care business follows the practice of sending generic debt recovery letters to the same party multiple times but this is not effective.