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Appeals Court Affirms Ruling for Defendant in FDCPA Case Over Healthcare Debt

Account Recovery

In a case that was defended by the team at Malone Frost Martin, the Court of Appeals for the Eighth Circuit has affirmed a lower court’s ruling in favor of a defendant that was sued for violating the Fair Debt Collection Practices Act because it did not include a copy of the original creditor’s financial … The post Appeals Court Affirms (..)

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Credit Management Company Partners with BillingTree

Credit Management Company

. – May 2021 , In a continued effort to provide their clients with the best-in-class service and optimize the patient experience, Credit Management Company (CMC) is proud to announce their partnership with BillingTree! About Credit Management Company.

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COVID Collections: Why Now Could Be the Time for Your Healthcare Organization to Make a Change

Credit Management Company

It’s an unfortunate fact that hospitals, physicians’ offices, and healthcare entities of all kind will be feeling the financial effects of the COVID-19 pandemic for months to come. And with patient responsibility still clocking in as the number 3 payer, your collections strategy is critical to maintaining a steady cash flow.

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Post-Discharge Calling Services for Healthcare Facilities

Credit Management Company

To increase billing transparency and streamline payment plans, many healthcare facilities turn to third-party companies to complete post-discharge calls. Collaborating with a third-party accounts receivable management company can make the process of setting up a payment plan and collecting on bills less challenging.

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Exclusive Survey Insights on The Impact of High Days Sales Outstanding

The Kaplan Group

A new study, based on an exclusive survey by The Kaplan Group , provides a comprehensive analysis of payment collection challenges, focusing on companies affected by high and very high Days Sales Outstanding (DSO). This suggests that as companies grow larger, their credit and collection challenges increase.

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How COVID-19 Has Changed Patient Collections

Credit Management Company

Budgets are tight for both patients and healthcare organizations. T he pandemic also created financial problems for healthcare organizations. Knowing the struggles their patients are facing, several healthcare providers are changing their collection strategies. Healthcare Providers React to Current Events.

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In-House vs. Outsource - What Makes Sense for Your Collection Operation?

Credit Management Company

Successfully collecting past-due accounts is a large source of revenue for organizations. For healthcare companies in particular, collecting from patients accounts for 88% more revenue than it did in the past. Improving collections, however, can require a significant amount of effort, persistence, and resources.