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Cleveland Becomes Latest Government to Tackle Medical Debt Burdens for its Residents

Account Recovery

The city council of Cleveland, Ohio last night approved legislation that will earmark nearly $2 million to purchase and forgive up to $190 million in unpaid medical debts for city residents, becoming the latest government entity to take measures aimed at lessening the medical debt burdens for its residents.

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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. Our government’s intention behind these laws is not wrong, but the ground reality is different. . Lower recoveries mean, low recoveries and extensive loss for businesses and doctors.

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Local Government Considers Ordinance to Buy, Forgive Residents’ Unpaid Medical Debts

Account Recovery

For what is believed to be the first time, a local government is looking to buy up the unpaid medical debts of tens of thousands of its citizens so the debts can be written off and forgiven.

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The Impact of Medical Debt on Consumers

Account Recovery

A lot of Americans believe that it’s the government’s job to keep the cost of healthcare in check and that it is failing miserably at doing so, but coincidentally enough, less than one-third of individuals think to contest their healthcare bills when they receive them, according to the results of a nationwide survey.

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Prepared Remarks of Director Rohit Chopra at the American Association of Healthcare Administration Management

Consumer Finance

Director Chopra delivered remarks at the May 4, 2023, meeting of the American Association of Healthcare Administration Management's Government Relations Committee and Executive Board

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Hospitals Sue Gov’t Over Dispute Process in No Surprises Act

Account Recovery

The American Medical Association and American Hospital Association have filed a lawsuit against the federal government seeking to stop the enactment of the No Surprises Act, which is scheduled to go into effect on January 1.

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Transworld Systems Inc. Completes Acquisition of EOS North America

Account Recovery

technology-enabled provider of accounts receivable management (ARM) solutions, announced today it has completed its acquisition of EOS North America, a leading first- and third-party collection agency serving government, financial services, healthcare, telecom and utility clients in the United States and Canada. (TSI), the largest U.S.