Bad Debt Recovery

Bad Debt Recovery

Partial or whole payment of a debt previously thought to be uncollectible. For example, if a credit card has been written off but then the credit card company receives a payment, this is considered bad debt recovery. This reduces a company's accounts receivable and generally increases income. Bad debt recovery may come from the receipt of a regular payment or from some other source, such as the sale of a loan's collateral.
References in periodicals archive ?
We recently announced that we are expecting to see an expansion of our accessories, parts and service business over the next two quarters as well as lower expenses and significant bad debt recovery.
There is surprisingly very little research that explores the performance of computational intelligence and soft computing methods in improving bad debt recovery in the healthcare industry.
Another indicator is evidenced by reviewing how tree the collection agency bad debt recovery rate correlates to the calculated initial resident screening risk score.
This decision has now clarified the date from when the period will run during which bad debt recovery claims can be made.
The models can be designed for prioritizing bad debt recovery collection efforts, and determining the expected value of bad debt to facilitate the purchase or sale of bad debt.
Thereafter, any amount received by the mortgagee for the original indebtedness or the acquired property is treated as a bad debt recovery.
Through its Convergent Accounts Receivable Excellence (CARE) service lines, Convergent helps hospitals maximize reimbursement from patient care through non-governmental insurance, self-pay collections, Workers' Compensation, motor vehicle accident, problem claims, and patient access solutions, along with bad debt recovery through their affiliate company Convergent Healthcare Recoveries, Inc.
The keynote paper of this issue "An Adaptive Neuro-fuzzy System with Semi-supervised Learning as an Approach to Improving Data Classification--An Illustration of Bad Debt Recovery in Healthcare" examines the effectiveness of a semi-supervised learning approach to classify unlabeled data to improve classification accuracy rates related to bad debt in a healthcare context.
Established in 2002 and headquartered in suburban Chicago, RCS partners with over 100 hospitals across the country and provides a wide range of account resolution services, including early out self-pay, third-party insurance and bad debt recovery.
Service portfolio management and bad debt recovery of Canal de Isabel II Management, SA
When a provider's internal efforts are exhausted, NCO's Bad Debt Recovery Services program resolves delinquent receivables by working as a third-party collector while maintaining the utmost respect for the patient population.
His focus is on all aspects of default administration: loss mitigation, loan workouts, collections, skip tracing, repossessions, property evaluations and bad debt recovery.