Important Changes to Merchant Acceptance Practices
|
|
A recent United States Department of Justice Settlement has been reached that may affect your dental practice. In the past there were certain regulations Visa and/or MasterCard had in place with its merchants that restricted those merchants from certain actions such as specifically expressing a preferred payment method for services/products received, discounting at point of sale if one method was used over the other, etc. On July 20, 2011, the court approved a settlement that would now allow Visa/MasterCard merchants to discuss various payment options with the purchaser including, but not limited to: discounts, rebates, expressing payment preferences, etc. If your card processor is TransFirst Health Services, you will receive further information detailing this settlement in your statement later this week.
|
It's Not Too Late!
|
There is still time to sign up for the upcoming seminar covering the topics of personnel management law and fraud/embezzlement in the dental practice.
The seminar will be held Friday, September 30, 2011, at Virginia Wingard Memorial United Methodist Church in Columbia. Registration is set for 8:00 a.m. while the seminar is scheduled to run from 8:30 a.m. - 1:00 p.m.
The cost is $75 for SCDA member dentists and their spouses if they wish to attend. Continuing educations credits will be given.
Checks are to be made to the SCDA. Participants wishing to pay via credit card can do so by visiting www.scda.org. Contact Mark Brown or Maie Brunson at the SCDA office (800) 327-2598 with any questions.
|
Does the Economy Have Accounts Receivables Climbing in Your Practice?
|
The SCDA has recently worked out a deal with TekCollect to offer a comprehensive, web-based accounts receivable management program to SCDA members that's designed to improve your practice's cash flow, eliminate the internal efforts required to collect on delinquent accounts and minimize slow-pays, delinquencies and write-offs.
TekCollect is offering their easy-to-use, results-driven Binary Collection Program to all SCDA members with exclusive benefits, including:
- Reduced fees. Why pay a 33-50% contingent collection fee when TekCollect offers a onetime flat fee of generally less than 10%? SCDA members receive a 20% discount!
- Completely web-based service. Accounts can be placed, updated and audited online, on a password-protected site, 24-hours a day, seven days a week. You can review all collection activity and access monthly reports to ensure you remain in control of your accounts at all times.
- Professional contacts. Contacts are custom-designed to promote immediate payment and prevent patient alienation. These include phone communications by industry specialists and attorney involvement when warranted.
- Free Accounts Receivable Analysis. TekCollect will conduct an Accounts Receivable Analysis, at no charge and no obligation, to assess the current status of your accounts receivable and recommend the best solution.
Don't delay! I urge you to review TekCollect's advantages over conventional collection agencies and start improving your cash flow immediately. To receive your free Accounts Receivable Analysis and learn more about how the Binary Collection Program can significantly improve your bottom line, please contact Susan Rackcliff at 1-866-652-6500 ext. 574 or via e-mail at susan.rackcliff@tekcollect.com.
|
