AFNI, Inc. provides accounts receivable management services, acting as a third-party intermediary between creditors (the original lenders or businesses owed money) and debtors. These creditors can include diverse entities such as healthcare providers, telecommunications companies, financial institutions, and government agencies. For example, a hospital might contract with AFNI to recover outstanding patient balances.
Utilizing a third-party agency for collections offers several potential advantages for creditors. It allows businesses to focus on their core operations while leveraging specialized expertise in debt recovery. Furthermore, consistent collection efforts can improve cash flow and reduce the overall financial burden of uncollected debts. Historically, the use of third-party collection agencies has evolved alongside changing economic landscapes and regulatory environments, reflecting an ongoing need for effective debt management strategies.
