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Dr. likes the work but is requesting we match fees of a southern lab 600 miles away...
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<blockquote data-quote="JohnWilson" data-source="post: 258934" data-attributes="member: 213"><p>I've outline my collection policy before but I will share again</p><p></p><p>I split have my account base to have cycles that run 1-30 the other half 15th through 15th. The day the month closes I automatically run the card. This has been the biggest and best change in my career. Cash flow is wonderful, my AR is "nearly" perfectly clean. </p><p></p><p>Of course its sad that I was forced to implement this based on some really poor business decisions and trust, but today I could not be happier with my path. Yes it adds up in fees and if you concentrate on that you will find a way to allow clients to pay when they feel like it. </p><p></p><p>Of course there are a ton of other business decisions that need to run concurrently to control costs and have your fees adjusted as things change and so often I see labs afraid of raising their prices and this is an even bigger mistake.</p></blockquote><p></p>
[QUOTE="JohnWilson, post: 258934, member: 213"] I've outline my collection policy before but I will share again I split have my account base to have cycles that run 1-30 the other half 15th through 15th. The day the month closes I automatically run the card. This has been the biggest and best change in my career. Cash flow is wonderful, my AR is "nearly" perfectly clean. Of course its sad that I was forced to implement this based on some really poor business decisions and trust, but today I could not be happier with my path. Yes it adds up in fees and if you concentrate on that you will find a way to allow clients to pay when they feel like it. Of course there are a ton of other business decisions that need to run concurrently to control costs and have your fees adjusted as things change and so often I see labs afraid of raising their prices and this is an even bigger mistake. [/QUOTE]
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Dr. likes the work but is requesting we match fees of a southern lab 600 miles away...
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