Disadvantages of Myriad Medical Accounts Receivable Management

Disadvantages of Myriad Medical's accounts receivable management long cycle and high management costs. The shortcomings of Myriad's accounts receivable management:

1, long collection cycle: the characteristics of the medical device industry determine Myriad's long collection cycle, which affects the flow of funds and operational efficiency.

2, high management costs: in order to ensure the safe recovery of accounts receivable, Myriad Medical needs to invest more human, material and financial resources in the collection, account processing, resulting in high costs.