Using an RFP approach for hospital collection services.
Hospitals are increasingly looking for outside help in collecting their delinquent accounts. Some institutions have found it beneficial to use a bidding process to obtain collection services from third-party collectors. The request for proposals (RFP) approach to bidding is a detailed method that is often recommended for hospitals to use. The RFP approach outlines the hospital's goals as well as requires bidders to develop techniques to accomplish those goals the hospital has set. Although the RFP approach is more time consuming than other bidding methods, hospitals will find it more beneficial for their needs.
D000066:Accounting / Q000379:methods*; D003164:Competitive Bidding; D005376:Financial Management / Q000379:methods*; D005377:Financial Management, Hospital / Q000379:methods*; D007344:Insurance Claim Reporting; D010350:Patient Credit and Collection / Q000379:methods*; D014481:United States