article thumbnail

How a Medical Collection Agency works?

Nexa Collect

A medical collection agency will send written demands and make persistent phone calls to your patients. Since debt collectors are on the phone all day long, they know every tactic to get paid. Since debt collectors are on the phone all day long, they know every tactic to get paid. Need a Medical Collection Agency?

article thumbnail

Private Equity’s Growing Influence in Medical Debt Collection

Account Recovery

These firms have been instrumental in creating and collecting medical debt through strategic acquisitions of hospitals, health systems, and debt collection agencies. This approach enables them to extract more value from every stage of the healthcare payment process.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Consumer bureau orders debt collection agency to shut down for illegal practices

Collection Industry News

New YorkCNN — The Consumer Financial Protection Bureau on Friday ordered Commonwealth Financial Systems, a debt collection agency specializing in medical debt, to shut down as a result of what CFPB determined were illegal collection practices. Colorado recently enacted a similar ban.

article thumbnail

RMAI Receivables Management Certification Program Continues to Expand – Certifies First Process Server

Account Recovery

All certification categories—which includes debt buying companies, collection agencies, collection law firms, brokers, … The post RMAI Receivables Management Certification Program Continues to Expand – Certifies First Process Server appeared first on AccountsRecovery.net.

Law Firms 147
article thumbnail

Wyoming Enacts Law Defining Debt Buyers, Will be Required to Obtain Licenses

Account Recovery

In a development that was first pointed out by the team at Troutman Pepper, the Governor of Wyoming has signed a bill into law that requires debt buyers to be licensed as collection agencies starting later this year. A copy of the bill — House Bill 284 — can be accessed by clicking here.

article thumbnail

Debtor Protections and Consumer Rights in New York: An Attorney’s Perspective

FFGN COLLECT NY

Is there a law in NYC that protects consumers and debtors from debt collecting agencies, businesses, and their attorneys? Suppose you are under constant pressure from these agencies and their legal representatives to settle your debt. You must inform consumers about the debt specifics.

Debtor 52
article thumbnail

Katabat Supports RMAI’s 2020 Annual Conference with Gold Sponsorship

Katabat

The conference, occurring February 3–6, 2020, brings together key participants in the receivables management industry, including debt buying companies, collection agencies, collection law firms, brokers, originating creditors, and affiliates.