In today’s pod, learn about the rise in denied restoration claims, why insurance payments have slowed, and how OCS helps contractors overcome these obstacles.
The restoration industry has seen a shift toward higher wages in recent years. This trend is not just a response to labor shortages but also a recognition of the connection between higher wages and employee retention. While increasing pay is a positive step for employees, it can create extra restoration company cashflow pressure. Balancing the […]
We discuss the lessons of 2024 and use our crystal ball to talk about AR trends and developments in the restoration industry for 2025.
Just like in any other industry, having a skilled and well-integrated team can make all the difference for your restoration business. Whether you’re building a team from scratch or looking for new ways to strengthen your approach, building and nurturing a restoration team requires intention and strategy. Today, we spoke with April Slater, HR Director […]
Restoration insurance billing can make or break a restoration business. When claims are handled effectively, companies get paid faster and with fewer headaches. But when billing is disorganized and incompetent, payments get delayed, adjusters get frustrated, and profits take a hit. At OCS, we’ve seen the restoration insurance billing processes of hundreds of restoration companies. […]
Cash flow challenges are nothing new for restoration companies, but recent industry trends have made the issue even harder to manage. According to the 2024 State of the Industry Report, most restoration businesses now wait 30 to 60 days or longer for payments. These delays can strain budgets, disrupt daily operations, and leave companies scrambling […]