Don’t hold on to buried assets – Understand unclaimed property laws

Description

Abstract: A hospital or practice may hold unclaimed property that can weigh down its bottom line if not handled appropriately. To take full advantage of all of its assets, the organization needs to understand the laws relating to unclaimed property, such as wages or unpaid credit balances, and the applicable dormancy periods. This article offers an explanation of unclaimed property laws and how a hospital can make the most of its resources and dig out the truth about its unclaimed property.