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CCMR3 Acquires HealthCare-I, L.L.C.

Account Recovery

13, 2022 /PRNewswire/ –CCMR3, a leading provider of accounts receivable and collection services, has acquired Healthcare-I, L.L.C. HCI), a healthcare receivables management company. Since 1992, HCI has specialized in healthcare debt recoveries, offering consulting services to business offices and insurance claims management.

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Government is Making Debt Recovery a lot Harder

Nexa Collect

The US government has thrown a slew of laws on collection agencies, making bad-debt recovery harder and costlier. Lower recoveries mean, low recoveries and extensive loss for businesses and doctors. Our government’s intention behind these laws is not wrong, but the ground reality is different. .

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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. A post-discharge program should be completely customized to meet your healthcare facility’s specific needs. Bad debt recovery. How CMC Can Help Your Healthcare Facility.

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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. aha.org ) The uncertain future of telehealth reimbursement only provides more incentive.

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How a Medical Collection Agency works?

Nexa Collect

These debts can be unpaid hospital bills, doctor’s office fees, or any other expenses related to healthcare that a patient has not paid. There are also state laws that can affect the process of medical debt collection. You should prioritize paying off your medical debts to avoid credit damage.

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Impact on Credit Score due to a Medical Debt Default

Nexa Collect

Here are some points to consider regarding the impact of medical debt default on the patient’s credit scores: Reporting to Credit Bureaus : When a medical debt goes unpaid for an extended period, the healthcare provider may send the account to a collection agency. However, not all collection agencies will agree to this.

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Startling rise in construction firm recovery loan defaults

UK debt collections

The default rate in construction is 2.5% – more than twice the default rate of some other sectors, such as arts and entertainment (1.3%) and healthcare (0.8%). In many cases it could be several months before businesses which have defaulted on CBILS repayments face debt recovery action from creditors.