Account Recovery

NOVEMBER 23, 2021

From massively underestimating how much medical debt actually exists to hospitals and healthcare facilities across the country being called out for being too aggressive in trying to collect on unpaid debts — especially when the amounts collected are not significantly … The post The Racial Divide of Healthcare Debt appeared first on AccountsRecovery.net. (..)

Healthcare 246

Healthcare Collections 246

Account Recovery

JUNE 8, 2021

By virtue of not signing it into law or vetoing it while it sat on the governor’s desk for 30 days, healthcare debt collection legislation in Maryland has become law, which, while not as restrictive as it was when it was introduced, will still require healthcare providers and debt collectors working medical debt accounts to … The post Maryland (..)

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Healthcare Debt collector Collections 246

Account Recovery

AUGUST 22, 2022

The amount of bad debt at healthcare providers that is attributable to self-pay after insurance accounts grew sixfold between 2018 and 2021, and represented nearly 60% of all bad debt, according to a report released this month by Crowe Revenue Cycle Analytics.

Healthcare 246

Healthcare Collections 246

Account Recovery

JANUARY 18, 2023

17, 2023 — Wakefield, a leading healthcare revenue cycle solutions company, announced today that Healthcare Receivables Group (HRG) has joined the Wakefield organization. AURORA, Colo.,

Healthcare 246

Healthcare 246

Account Recovery

NOVEMBER 29, 2022

Payzen says it uses technology like artificial intelligence and machine learning to generate payment plans tailored to the budget and repayment ability of each … The post Healthcare Fintech Raises $220M To Offer Zero-Interest Payment Plans to Consumers first appeared on AccountsRecovery.net.

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Healthcare Consumer Credit 238

Account Recovery

AUGUST 30, 2022

The high cost of healthcare has a lot of Americans making difficult choices, and many are choosing to cut back on driving, eating, and keeping their lights on to cover their medical debts, according to the results of a nationwide poll.

Healthcare 246

Healthcare 246

Account Recovery

DECEMBER 13, 2021

Healthcare patients are still “clamoring” for more advances to improve billing and payment solutions, according to the results of an annual survey conducted by Cedar, a healthcare financial engagement platform.

Healthcare 245

Healthcare Collections 245

Account Recovery

JANUARY 4, 2023

January 3, 2023 — Wakefield & Associates, one of the largest healthcare revenue cycle solutions companies in the nation, announced today that industry veteran Mark Schanck has joined the organization as its Chief Revenue Officer to provide executive leadership and oversight of the company’s business development efforts.

Healthcare 244

Healthcare 244

Account Recovery

DECEMBER 16, 2022

The Attorney General of Minnesota is investigating the billing and collection practices of a well-know healthcare provider, following a published report that detailed how the provider is filing collection lawsuits to recover unpaid medical debts from low-income patients.

Healthcare 246

Healthcare Collections 246

Account Recovery

APRIL 10, 2023

Healthcare providers are very interested in outsourcing more of their revenue cycle management functions, to help them offset shortages in staffing, make improvements in patient experience, and to create a more retail-like experience for their patients, according to the results of a survey conducted by CWH Advisors and sponsored by CareCredit.

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Healthcare Retail 130

Account Recovery

AUGUST 9, 2021

To the surprise of probably nobody, the amount of out-of-pocket healthcare expenses placed on patients continued to rise, and will continue to do so at the same rate for at least the next five years, according to data that was released last week.

Healthcare 246

Healthcare 246

Account Recovery

DECEMBER 20, 2021

The comparison is meant to illustrate just how far medical providers still have to go in providing a robust and … The post Data Details Disturbing Trend For Healthcare Providers appeared first on AccountsRecovery.net.

Healthcare 245

Healthcare 245

Account Recovery

JUNE 7, 2021

Under the law, any debt owed for good or services provided by a medical facility, a provider of healthcare, or a provider of emergency medical … The post Nevada Gov. Signs Healthcare Collection Bill into Law appeared first on AccountsRecovery.net. The new law goes into effect on July 1.

Healthcare 246

Healthcare Collections 246

Account Recovery

MAY 3, 2021

There is likely a sense that only people who do not make a lot of money are unable to afford paying for healthcare, and while that is largely true, data from a nationwide poll reveals that regardless of how much money an individual makes, healthcare costs force difficult decisions to be made.

Healthcare 246

Healthcare 246

Account Recovery

JULY 21, 2023

In a time where the lines between healthcare and finance are increasingly blurred, one company is standing out: Collectly, a patient financial engagement software platform that announced yesterday it raised $29 million in Series A funding round led by Sapphire Ventures. million.

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Collections Healthcare 130

Account Recovery

APRIL 25, 2023

… The post Where Healthcare Facilities are Falling Short in the Patient Financial Experience first appeared on AccountsRecovery.net. … The post Where Healthcare Facilities are Falling Short in the Patient Financial Experience first appeared on AccountsRecovery.net.

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Healthcare 130

Account Recovery

APRIL 18, 2023

More than 90% of consumers are paying their recurring bills online, and, if given the choice, nearly 60% of consumers would pay their medical bills using platforms like Zelle, PayPal, or Venmo, according to the results of a healthcare trends survey released recently by JPMorgan Chase.

Healthcare 130

Healthcare Collections 130

Account Recovery

OCTOBER 13, 2022

A healthcare provider and the collection agency working on the provider’s accounts are facing a class-action lawsuit alleging they violated a recently enacted state law in New Mexico by engaging in debt collection activities before verifying whether the incomes of those patients protected them from such activities.

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Collection Agencies Collections Agency Healthcare Collections 244

Account Recovery

APRIL 21, 2023

The post Healthcare Practice Under Spotlight for Suing Patients appeared first on AccountsRecovery.net.

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Healthcare 130

Account Recovery

MARCH 28, 2022

Thomas Donovan, the Attorney General of Vermont has reached a settlement with a healthcare provider that will require the provider to use a professional debt collection agency, while also being barred from collecting certain old debts and paying a fine of $10,000, half of which was suspended because it cooperated in the investigation.

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Healthcare Collection Agencies Collections Agency Collections 236

Account Recovery

MAY 5, 2023

The post CFPB Says Healthcare Organizations Steering Consumers to ‘Costly’ Medical Credit Cards appeared first on AccountsRecovery.net.

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Healthcare 130

Account Recovery

FEBRUARY 26, 2021

A bill advanced in the Oklahoma state legislature yesterday that would prohibit healthcare providers from reporting unpaid debts to a credit reporting agency or placing them with a collection agency unless the patient was provided with a “good faith estimate” of the cost of the services prior to them being rendered.

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Healthcare Collections Collection Agencies Collections Agency 211

Account Recovery

OCTOBER 19, 2020

More hospitals and health systems are incorporating technology that automates tasks into their operations, but the amount of automation being deployed within an organization appears to be tied to the amount of revenue being generated by the company, according to a survey of healthcare financial managers.

Healthcare 246

Healthcare 246

Account Recovery

JUNE 12, 2023

A healthcare provider called out for withholding care from patients who have unpaid medical debts has suspended its policy, saying that it will “carefully study additional ways to educate our teams about the extensive financial services available to patients experiencing financial barriers to care.”

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Healthcare Financial services Education 130

Account Recovery

NOVEMBER 16, 2020

Healthcare providers are overhauling their patient collection operations, according to the results of a survey conducted by the Healthcare Financial Management Association, with 88% of the respondents saying COVID-19 has impacted their collections approach in some way and 18% saying the coronavirus has impacted their approach in every way.

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Healthcare Collections 225

Account Recovery

OCTOBER 7, 2020

More than 40% of respondents have put off a visit to a doctor’s office to … The post Healthcare Debt Making People Sicker: Survey appeared first on AccountsRecovery.net. The results are even more dramatic for minorities, according to the survey.

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Healthcare 233

Account Recovery

JUNE 2, 2023

A healthcare provider that operates more than 100 hospitals and clinics in Minnesota and Wisconsin finds itself in the spotlight today for its policy of withholding care from patients who have unpaid medical debts.

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Healthcare 130

Account Recovery

APRIL 11, 2022

If enacted, the process of identifying those … The post Maryland Legislature Advances Bill Requiring Refunds to Patients Who Were Eligible for Free Healthcare appeared first on AccountsRecovery.net.

Healthcare 246

Healthcare Collections 246

Account Recovery

MARCH 30, 2021

announced yesterday that it has sold some of its recovery contracts that are outside the healthcare industry, including its student loan agreements, to an unnamed buyer as part of the company’s decision to “fully dedicate” its resources to its healthcare business. Performant Financial Corp.

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Healthcare Student loans Student Loans Loans 217

Account Recovery

OCTOBER 20, 2020

The media outlet conducted the survey to see how individuals are managing medical bills during the pandemic, especially as officials are … The post More Americans ‘Struggling’ to Pay Healthcare Bills: Survey appeared first on AccountsRecovery.net.

Healthcare 238

Healthcare Collections 238

Account Recovery

APRIL 9, 2021

A bill has been introduced in the House of Representatives that seeks to cancel any outstanding student loan debt for frontline healthcare workers. … The post Bill Introduced to Forgive Student Loan Debts for Frontline Healthcare Workers appeared first on AccountsRecovery.net. The bill, H.R. Carolyn Maloney [D-N.Y.].

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Student loans Student Loans Loans Healthcare 246

Account Recovery

OCTOBER 2, 2020

Healthcare providers are bracing for a seismic shift in where their money comes from, and collection agencies are likely to play a bigger role in a post-COVID-19 world, according to the results of a survey.

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Healthcare Collection Agencies Collections Agency Collections 195

Account Recovery

MARCH 31, 2022

PLANO, TX– Intelligent Contacts, a leading provider of Cloud Contact Center software and consumer-centric online payment solutions for the healthcare and accounts receivable industries, today announced a partnership with Elite Services, Inc.,

Healthcare 246

Healthcare Accounts Receivables Management 246

Account Recovery

JUNE 4, 2021

The Attorney General of Massachusetts has announced a settlement with a healthcare provider that will see the company pay $260,000 — including a civil penalty of $185,000 — after it was accused of failing to disclose to patients that it was not part of their insurance network and seeking to collect “unfairly high charges.”

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Healthcare Collections 195

Account Recovery

NOVEMBER 29, 2022

Collector Facing Class Action for Sending Undated MVN; Healthcare Fintech Raises $220M to Offer Interest-Free Payment Plans to Consumers first appeared on AccountsRecovery.net. The post Daily Digest – November 29.

Fair Debt Collection 242

Fair Debt Collection Healthcare Collections 242

Account Recovery

JUNE 16, 2021

A healthcare provider has agreed to sell $278 million in medical debt, affecting 82,000 patients, as part of an agreement with the charity RIP Medical Debt. This is the first time the charity has purchased debt directly from a healthcare provider. Ballad Health made the announcement yesterday.

Healthcare 162

Healthcare 162

Account Recovery

MARCH 22, 2021

Minneapolis, MN — March 22, 2021 — DCM Services, LLC (DCMS) the industry leader in estate and specialty account recovery solutions, announced the hiring of Scott Foster, MBA, CHFP, CRCR as Director of Business Development, Healthcare Revenue Cycle.

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Healthcare 237