Financial
Bad Debt
Bad debt is a receivable a business no longer expects to collect and recognizes as a loss. In healthcare and other sectors it is distinguished from charity care, which is written off because the patient qualifies for financial assistance rather than because they simply did not pay.
What Bad Debt means for creditors
Bad debt is a starting point for recovery, not the end of it. MSB specializes in recovering revenue from balances that clients have already classified as bad debt.
Midwest Service Bureau has recovered commercial, medical, utility, and government debt for creditors nationwide since 1970 — on a no-recovery, no-fee basis. Questions about bad debt or a portfolio you'd like reviewed? Call (800) 362-0272.
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Ready to Improve Your Debt Recovery?
Contact us today for a free consultation and learn how MSB can help your organization recover more with our proven collection strategies.