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See Latest ArticlesA lockbox service can protect your practices cash
American Medical News , 07/30/08
A lockbox is not a physical thing. Obtaining a lockbox at a bank means that the receivables are mailed directly to a designated post office box. The bank picks up those receivables and deposits them into your account. When using a lockbox, the entire deposit transaction takes place in one day. The practice gets money into its account one to two days earlier. And if the bank offers even a small amount of interest on the account, then more money is earned.
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