Collection Letter Template For Dental Office

State:
Illinois
Control #:
IL-17045B-MH
Format:
Word; 
Rich Text
Instant download

Description

Collection Letter by Contractor: This is a general collection letter sent to a Debtor by a Contractor. It states that the account is past due, and services by the Contractor have already been rendered. Further, it details the actions to be taken if the Debtor continues to not pay on the open account. This form is available in both Word and Rich Text formats.
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How to fill out Illinois Collection Letter By Contractor?

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FAQ

We recommend practices we work with target a collection ratio of 98%, with a range of 95% to 99% considered good. When your dental practice is carrying a large accounts receivable balance, especially past due balances of more than 90-days, the likelihood of collection decreases.

What is a good net collection percentage? Typically, an average collection rate of 98 percent will help in boosting profitability in the long run. ing to a study, an average dental clinic loses 8% of its revenue.

This first collection letter should include important points, such as: Days past due. Amount due. Note previous attempts to collect. Summary of account. Instructions- what would you like them to do next? Due date for payment- it is important to use an actually date, not ?in the next 7 business days? as this can be vauge.

Collection letter sample template Dear [Client name], We're sending you this letter as a friendly reminder that your account in the amount of [amount due to you] is past due. Your invoice was due on [month, day and year their payment was originally due as stated in their invoice].

90-Day Letter Example Dear Mr. Patient, Please accept this letter as final and official notification that payment must be received in full in our office by (15 days from now) _______________________ to avoid further collection activity. There is still time for us to resolve this.

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Collection Letter Template For Dental Office