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Payment Platforms Lacking for Healthcare Providers: Survey

Account Recovery

Fewer than 60% of healthcare providers are satisfied with their current patient payment systems and 30% said their most recent implementations were not successful, according to the results of a survey by Bank of America and The Strawhecker Group. Healthcare Revenue Cycle Management

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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. The post CCMR3 Acquires HealthCare-I, L.L.C. SYRACUSE, N.Y.,

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Healthcare Billing Statements Source of Frustration for Consumers: Survey

Account Recovery

For many companies in the … The post Healthcare Billing Statements Source of Frustration for Consumers: Survey first appeared on AccountsRecovery.net. The post Healthcare Billing Statements Source of Frustration for Consumers: Survey appeared first on AccountsRecovery.net.

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State AG Investigating Healthcare Provider for ‘Aggressive’ Collection Practices

Account Recovery

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.

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BNPL Healthcare Startup Raises $110M to Expand

Account Recovery

A company that bills itself as a Buy Now, Pay Later service for the healthcare industry has announced that it has raised $110 million in Series A financing to help it add more staff and expand into new territories across the United States. Healthcare Technology Buy Now Pay Later Walnut

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The Racial Divide of Healthcare Debt

Account Recovery

Healthcare Healthcare Billing & Collection PracticesThere is nobody who will disagree that there are problems with medical debt across America.

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Healthcare BNPL Firm Raises $35M to Fund Expansion

Account Recovery

A fintech company that started out offering Buy Now, Pay Later services for petcare and has since expanded into healthcare finance for humans has announced it has raised $35 million in funding to help it grow and expand its product. Healthcare Buy Now Pay Later John Keatley Scratchpay

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Too Many Consumers Still Unsatisfied With Healthcare Billing: Report

Account Recovery

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 Cedar Healthcare Billing & Collection Practices

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Healthcare Fintech Raises $220M To Offer Zero-Interest Payment Plans to Consumers

Account Recovery

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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Consumers Paying More for Healthcare Leads to Lower Collection Rates

Account Recovery

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.

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Data Details Disturbing Trend For Healthcare Providers

Account Recovery

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 Patient Financial Experiencce

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The Difficult Choices People are Making Because of Higher Healthcare Costs

Account Recovery

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. Economy Healthcare Healthcare Debt

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Out-of-Pocket Healthcare Expenses Keep Rising for Patients

Account Recovery

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 Healthcare Affordability

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Healthcare Costs Cause Problems For Everyone, Regardless of Income

Account Recovery

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.

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JP Recovery Services Merges with Healthcare Revenue Cycle Leader Meduit

Account Recovery

Meduit, a leading healthcare revenue cycle solutions company, announced today that JP Recovery Services (JPRS) has joined the Meduit organization. The post JP Recovery Services Merges with Healthcare Revenue Cycle Leader Meduit appeared first on AccountsRecovery.net.

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Okla. Senate Committee Passes Healthcare Collection Bill

Account Recovery

Senate Committee Passes Healthcare Collection Bill appeared first on AccountsRecovery.net. Compliance Healthcare Healthcare Pricing Medical Debt Collection Oklahoma State Issue

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Nevada Gov. Signs Healthcare Collection Bill into Law

Account Recovery

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.

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Out-of-Pocket Healthcare Expenses Spike For Americans in 2023

Account Recovery

The amount that Americans pay out-of-pocket for healthcare grew by 10.5% Out-of-pocket expenses includes copays and deductibles … The post Out-of-Pocket Healthcare Expenses Spike For Americans in 2023 first appeared on AccountsRecovery.net.

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Healthcare Receivables Group Joins Revenue Cycle Leader Wakefield to Strengthen Accounts Receivable Service Lines

Account Recovery

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

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Healthcare Debt Making People Sicker: Survey

Account Recovery

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. Healthcare

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Vermont AG Settles with Healthcare Provider Over Threatening Letters Sent to Patients

Account Recovery

Taconic Orthopaedics, … The post Vermont AG Settles with Healthcare Provider Over Threatening Letters Sent to Patients appeared first on AccountsRecovery.net. Compliance Healthcare Thomas Donovan Jr.

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More Healthcare Organizations Using Automation, But Size Matters

Account Recovery

Overall, about 67% of hospitals and health systems have … The post More Healthcare Organizations Using Automation, But Size Matters appeared first on AccountsRecovery.net. Healthcare Technology

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How Healthcare Providers are Overhauling Collection Procedures During Pandemic

Account Recovery

Seventy percent of providers have increased … The post How Healthcare Providers are Overhauling Collection Procedures During Pandemic appeared first on AccountsRecovery.net. Healthcare

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Mark Schanck Joins Healthcare Revenue Cycle Leader Wakefield & Associates as Chief Revenue Officer

Account Recovery

“As one of the leading revenue … The post Mark Schanck Joins Healthcare Revenue Cycle Leader Wakefield & Associates as Chief Revenue Officer first appeared on AccountsRecovery.net. AURORA, Colo.,

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Maryland Legislature Advances Bill Requiring Refunds to Patients Who Were Eligible for Free Healthcare

Account Recovery

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. Compliance HB694 Healthcare Legislation Maryland Medical Debt Collection

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More Americans ‘Struggling’ to Pay Healthcare Bills: Survey

Account Recovery

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

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Healthcare Providers Bracing for Spike in Self-Paying Patients

Account Recovery

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. Healthcare

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Financial Barriers Eroding Patient Trust in Healthcare System: Survey

Account Recovery

The survey, … The post Financial Barriers Eroding Patient Trust in Healthcare System: Survey appeared first on AccountsRecovery.net. Healthcare Healthcare Affordability Revenue Cycle Management

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Healthcare Provider Sells $278M in Debt to RIP Medical Debt

Account Recovery

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.

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Healthcare Provider, Collection Agency Facing Class-Action Lawsuit for Allegedly Violating State Law

Account Recovery

The class-action, which includes about 200 plaintiffs who … The post Healthcare Provider, Collection Agency Facing Class-Action Lawsuit for Allegedly Violating State Law appeared first on AccountsRecovery.net.

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COVID Causing Problems For Healthcare Providers, RCMs

Account Recovery

… The post COVID Causing Problems For Healthcare Providers, RCMs appeared first on AccountsRecovery.net. Healthcare

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Performant Sells Some Recovery Contracts, Will Focus on Healthcare Market Going Forward

Account Recovery

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.

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Collect Rx Joins Healthcare Revenue Cycle Leader Wakefield & Associates to deliver Out-of-Network Solutions

Account Recovery

Wakefield & Associates, a leading healthcare revenue cycle solutions company, announced today that Collect Rx has joined the Wakefield organization. Together, the two companies will leverage combined capabilities to provide a full spectrum of revenue cycle solutions, including Out-of-Network Claims resolution to healthcare providers across the country.

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Mass. AG Reaches $260k Settlement With Healthcare Provider Over Billing Practices

Account Recovery

AG Reaches $260k Settlement With Healthcare Provider Over Billing Practices appeared first on AccountsRecovery.net. Compliance Healthcare Enforcement Action Massachusetts Maura Healey Surprise Billing

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Healthcare Providers Must Prepare for ‘New Normal’: Study

Account Recovery

Healthcare providers must start bracing for a “new normal” that represents a lower number of patients once the coronavirus pandemic is over, according to a recently released study. Healthcare