New Release February 4, 2021 Leib Solutions LLC Achieves HIPAA Compliance SUMMARY: Leib Solutions has demonstrated its effort toward HIPAA compliance by completing Compliancy Group’s proprietary HIPAA compliance process. LEIB is pleased to announce that it has taken all necessary steps to prove its effort to achieve compliance with the Health Insurance Portability… Read more »
December 20, 2020 COVID-19 Update
To Our Customers, Due to the COVID-19 situation, we continue to safeguard our employees’ health while ensuring consistently high levels of service to you. We have shifted most operations to remote working and installed performance monitoring systems to support that type of work. Our web technologies are built for 24×365 access anywhere, so it is… Read more »
Statute of Limitations
The Statute of Limitations for lawsuits varies by state, and runs anywhere from 3 to 15 years, after which the debt is “time-barred,” and you will be unable to sue. You should use every legal means at your disposal, of course, but if you wait too long and rely on a last-minute lawsuit as a… Read more »
Leib Receives Coveted A.M. Best “Expert” Designation for the 10th Year
We are very proud to announce that Leib Solutions has been selected by A.M. Best as one of a handful of companies in the world receiving the coveted “Expert Service Provider” designation for collection and accounts receivable services for the 10th straight year.
4 Key Components of Revenue Cycle Management
The Revenue Cycle Function requires excellence in four key areas, each contributing to a company’s success and operational efficiency. Recognizing these focus areas will allow your company to generate a frictionless revenue cycle flow and improve your cash flow, customer service, and overall profitability. When providing B2B collection services for your business, Leib Solutions makes… Read more »
Leveraging Technology for Accounts Receivable Collections
Manual collection processes, including the many companies that still use spreadsheets to aid the process have performance problems, including very low productivity, errors, and poor cash collections. Perhaps the best investment you can make is licensing an advanced SaaS system which will give you the structure to implement real discipline in your collection operations. It… Read more »
A Guide to Efficient and Effective Collection Practices
The basis of our accounts receivable management services is the prioritization of collection activities around the money and the priorities instead of an “alphabetic order” type of collection effort. 1. Create a Plan of Action using situational strategies based on the accounts and circumstances, but remember that measuring collection metrics is not the same as following… Read more »
Subrogation Collection Best Practices
Insurance executives are familiar with subrogation, the insurer’s legal right to pursue damages after paying a claim. However, it turns out that many insurers are unable to or neglect to pursue their subrogation rights. If they do, they may not be using best practices in doing so. This results in profit opportunities lost forever, as… Read more »
Things to Consider When Hiring a Collection Agency
Every company needs a collection agency, since there will always be customers that default or who will not pay under the normal terms. Hiring the best commercial collection agency is in your best interest, so here are some factors you should take into consideration when choosing an agency for your company: If you are B2B,… Read more »
Collection Best Practices That Increase Cash Flow
Accounts receivable commercial collections at many companies, are still done the way it was in the green eyeshade era — their processes aren’t up-to-date, leaving a large margin of actions that can be done to improve results. Like many repetitive processes, collections is a production operation, and it can be re-engineered to improve cash flow,… Read more »
