Account Recovery

DECEMBER 5, 2022

A bill has been introduced in the Senate that seeks to cap the interest rate that can be charged on unpaid medical debts, create a private right of action, and force providers to wait 180 days after a bill has been sent before engaging in “extraordinary” collection actions. A copy of S. A copy of S.

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Collections 243

Account Recovery

JUNE 8, 2022

A report has been released ranking each of the 50 states according to how they protect consumers related to medical debts, assigning only three a score of “good” while assigning 20 a score of “poor.”

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Collections Healthcare 244

Account Recovery

MARCH 26, 2021

The Maryland Senate and House of Representatives each have voted unanimously to approve their own versions of a bill that affect how medical debts are collected, but opponents of the measure were able to get a key provision removed from the bills that would have established a threshold for which collection lawsuits could be filed.

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Collections Healthcare 246

Nexa Collect

JUNE 18, 2023

A medical collection agency will send written demands and make persistent phone calls to your patients. The cost of collection agencies depends on whether you select their Fixed-fee or Contingency-fee service. Need a Medical Collection Agency? This can have a negative impact on the patient’s credit score.

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Collection Agencies Collections Agency Collections Healthcare 130

Account Recovery

JANUARY 3, 2024

Kathy Hochul announced many of the components that she will address in her remarks, including expanding consumer protections and a plan to introduce legislation that limits medical debt collection in the Empire State. Expanding UDAAP: Calling it the […]

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Collections Healthcare 147

Account Recovery

AUGUST 19, 2022

The Colorado Attorney General’s office has sent a memo to licensed collection agencies in the state, making sure they are aware that a new law is going into effect on September 1 that will change how medical debts are collected in certain situations. A copy of the entire memo can be accessed by clicking here.

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Collections Collection Agencies Collections Agency Healthcare 246

Account Recovery

JULY 31, 2023

A bipartisan bill has been introduced in the Senate to strengthen consumer protections and improve transparency related to medical debt collection, including waiting 180 days after an initial bill is sent to an individual before engaging in “extraordinary” collection activities. A copy of S.

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Collections Healthcare 130

Account Recovery

AUGUST 20, 2021

After watching medical debt collection laws pass in a number of states this year, including Nevada and Maryland, the accounts receivable management industry might want to pay attention to what is now going on in Arizona, as a ballot initiative has been started to get a “Predatory Debt Collection Practices Act” passed in the state.

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Accounts Receivables Management Collections Healthcare 246

Account Recovery

APRIL 14, 2023

The Colorado legislature has passed a bill that caps the interest rate on medical debt, places new requirements on debt collectors collecting medical debt, and makes violations of the law an unfair or deceptive practice subject to additional penalties. The bill now goes to Gov. Jared Polis for his signature or veto.

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Collections Debt collector 130

Account Recovery

OCTOBER 12, 2021

The Financial Institution Division (FID) of Nevada’s Department of Business and Industry will be holding a virtual workshop on Tuesday, October 26 at 1pm ET to solicit comments from interested persons about regulations related to SB248, a new medical debt collection law that went into effect earlier this year.

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Collections Financial Institution Healthcare 246

Account Recovery

MARCH 19, 2021

The Oklahoma Senate has passed a bill 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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Collections Healthcare Collection Agencies Collections Agency 246

Account Recovery

AUGUST 12, 2022

10, 2022 — Having already eliminated paid medical collection accounts with the introduction of VantageScore 3.0. in 2013, VantageScore has been the leader in recognizing that medical debts and collections that have been paid off are not predictive of a consumer’s creditworthiness. STAMFORD, Conn.,

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Creditworthiness Collections 245

Account Recovery

AUGUST 8, 2022

A trial is scheduled for this week in Arizona to challenge adding an item to the November ballot that would give residents of the state the opportunity to increase the amounts that consumers can shield from garnishments to pay medical debts while also lowering the judgment interest rate on medical debt.

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Garnishment Collections Judgment Healthcare 246

American Profit Recovery

APRIL 22, 2022

There is one simple fact that we know from handling debt collections for health care professionals across the country for many years. Doctors and other medical professionals need to focus their time on serving patients and providing the necessary care they require. And a medical practice is a business, and it needs to be run as such.

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Collection Agencies Collections Agency Healthcare Collections 194

Account Recovery

MARCH 13, 2024

Not looking to stay on the sidelines, a member of the Rhode Island legislature has introduced a bill that would cap the interest rate that can be charged on unpaid medical debt while also banning healthcare providers from reporting information about medical debts to the credit reporting agencies.

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Healthcare Collections 130

Account Recovery

JANUARY 27, 2023

A bill is being circulated in the Colorado legislature — which is also backed by the state’s Attorney General — that would cap the interest rate on medical debt, establish requirements on medical debt payment plans, and make violations of surprise or balance billing laws a deceptive trade practice, among other provisions.

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Collections Trade Healthcare 130

Account Recovery

OCTOBER 11, 2023

A class-action lawsuit has been filed against a pair of healthcare providers, alleging they violated state law in California by sending confidential medical information to a third-party collection agency, which was subsequently publicized as a result of a data breach.

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Collection Agencies Collections Agency Healthcare Collections 147

Account Recovery

JULY 12, 2022

An organization seeking to put a measure on the ballot in Arizona this November that would increase the amounts that consumers can shield from garnishments to pay medical debts while also lowering the judgment interest rate on medical debt turned in twice as many signatures as needed last week, and is “likely” headed to the … The (..)

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Garnishment Collections Judgment Healthcare 246

Account Recovery

MARCH 22, 2023

The Illinois legislature is considering a bill that would require hospitals screen individuals without health insurance before initiating any collection activity while also prohibiting the sale of medical debt. The post Bill Introduced in Illinois to Ease Medical Debt Burden appeared first on AccountsRecovery.net.

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Collections Healthcare 246

Account Recovery

FEBRUARY 17, 2021

A bill has been introduced in both Houses of the Maryland state legislature that would create a threshold amount for which collection lawsuits can be filed while also establishing credit reporting guidelines, limiting the fees that can be collected for individuals who qualify for reduced or free medical care, limiting the amount of interest that … (..)

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Collections Healthcare 246

Account Recovery

AUGUST 26, 2022

The Consumer Financial Protection Bureau has announced it will hold a field hearing on September 8 on the topic of Nursing Home Debt Collection Practices while also releasing a report that analyzes the connection between financial assistance for medical care and medical collections.

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Collections Healthcare 243

Account Recovery

JANUARY 6, 2022

A father and his son, who were both executives at a medical debt collection business, each pleaded guilty yesterday to charges of wire fraud and will face up to five years in prison each for their role in a Ponzi scheme that bilked investors out of $1.5

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Collections 244

Account Recovery

SEPTEMBER 27, 2021

A virtual hearing is being held this morning, and comments are due later this afternoon to the New Mexico Office of Superintendent of Insurance to implement a new law that went into effect this year governing how medical debt is being collected. Medical Debt Collection Law appeared first on AccountsRecovery.net.

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Account Recovery

JUNE 29, 2021

A dozen collection agencies, plus ACA International and the Nevada Collectors Association have filed a lawsuit against the state of Nevada seeking to block the enactment of a new law that governs how medical debts are to be collected in the state.

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Collections Collection Agencies Collections Agency Government 237

Account Recovery

FEBRUARY 14, 2024

More than half of individuals with medical debt have been contacted by a collection agency, compared with 8% of those who do not have medical debt, according to data released this week by the Kaiser Family Foundation. The data was part of a survey conducted of consumers back in 2021.

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Collection Agencies Collections Agency Collections Healthcare 130

Account Recovery

FEBRUARY 15, 2023

The post Hearing Scheduled to Debate Colorado Medical Collection Bill appeared first on AccountsRecovery.net.

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Collections 130

Account Recovery

JUNE 22, 2023

A bill that would require collectors and healthcare providers a payment plan that does not exceed 5% of a patient’s income if he or she has more than $500 in outstanding medical debt while also waiting a year to report medical debts to the credit reporting agencies — among other provisions — moved a step […]

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Healthcare Collections 130

Account Recovery

JULY 27, 2021

A hearing is scheduled for this afternoon in before a federal judge in Nevada courtroom attorneys representing a dozen collection agencies and ACA International will seek to obtain a temporary restraining order blocking legislation that governs how medical debts are collected in the state. The law went into effect on July 1.

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Collections Collection Agencies Collections Agency Government 246

Account Recovery

MARCH 18, 2021

A bill has been introduced in the Nevada Senate that would require collection agencies to notify consumers at least two months before attempting to collect on a debt, while also prohibiting filing a collection lawsuit to recover unpaid medical debts if the balance is less than $10,000.

Collections 246

Collections Collection Agencies Collections Agency Healthcare 246

Account Recovery

MARCH 11, 2024

California AG Endorses Bill Banning Medical Debt Credit Reporting Oregon Enacts Law Amending Garnishment, Collection Practices Judge Grants Summary Judgment for Plaintiff on FDCPA Wrongful Garnishment Claim Compliance Digest – March 11 WORTH NOTING: How to choose the best hairbrush for your hair type … I can kind of understand one pilot taking (..)

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Garnishment Collections Judgment 147

Account Recovery

MAY 4, 2022

A bill in Colorado that would ban hospitals from placing unpaid debts with collection agencies if the hospitals do not comply with federal price transparency rules is rapidly moving closer to becoming a law, after the state Senate yesterday approved the bill unanimously.

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Collections Collection Agencies Collections Agency Healthcare 235

Account Recovery

AUGUST 17, 2023

Five hospital systems in North Carolina were responsible for 96% of the lawsuits filed in the state between January 2017 and June 2022 to collect on unpaid medical debts, according to a recently released report, leading a state regulator who has been championing legislation to reform medical debt collection in the state to renew his […]

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Collections Healthcare 130

Consumer Finance

NOVEMBER 15, 2023

The Consumer Financial Protection Bureau (CFPB) issued a report highlighting medical debt collections and challenges faced by American families.

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Collections 143

Account Recovery

APRIL 6, 2021

Michelle Lujan Grisham of New Mexico signed 50 bills into law yesterday, including one that aims to protect low-income residents of the state from incurring medical debts by preventing healthcare providers from placing collection accounts or filing lawsuits against certain low-income individuals, according to a published report.

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Collections Healthcare 211

Account Recovery

SEPTEMBER 7, 2021

The influx of media reports aimed at spotlighting “aggressive” collection efforts by hospitals and healthcare networks has led to a “substantial” decline in the number of lawsuits filed against individuals with unpaid healthcare debts, according to a new study.

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Healthcare Collections 242

Account Recovery

DECEMBER 5, 2022

SENATE BILL SEEKS TO PLACE RESTRICTIONS ON MEDICAL DEBT COLLECTION A bill has been introduced in the Senate that seeks to cap the interest rate that can be charged on unpaid medical debts, create a private right of action, and force providers to wait 180 days after a bill has been sent before engaging in … The post Daily Digest – December 5.

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Creditors Collections 240

Account Recovery

AUGUST 25, 2021

The plaintiffs in a suit that was filed seeking to overturn a new medical debt collection law in Nevada have filed a motion to amend their complaint, seeking to add in a new argument that the law creates a false sense of urgency in violation of the Fair Debt Collection Practices Act.

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Fair Debt Collection Collections Healthcare 246