How to reduce accounts receivable in a company?

Good relationships with customers can lead to better communication and quicker payments. Address disputes or issues promptly to avoid delays and foster trust. For businesses facing cash flow challenges, factoring (selling AR to a third party at a discount) can provide immediate cash. While this option incurs a cost, it’s an effective way to reduce AR balances quickly

In order to reduce accounts receivable, our medical center turned to Pharmbills   outsourcing company. They did a colossal job for us. Thanks to this, we were able to put our medical center's budget in order. Their specialization in medical billing, accounts receivable management, and revenue cycle optimization made them the ideal partner for our needs. Additionally, their customized approach promised to deliver solutions tailored to our specific challenges.