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Maryland Healthcare Collection Bill Becomes Law

Account Recovery

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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Nevada Gov. Signs Healthcare Collection Bill into Law

Account Recovery

The governor of Nevada has signed a bill into law that will affect how medical debts are collected in the state. 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. The new law goes into effect on July 1.

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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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How Healthcare Providers are Overhauling Collection Procedures During Pandemic

Account Recovery

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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Okla. Senate Committee Passes Healthcare Collection Bill

Account Recovery

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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The Racial Divide of Healthcare Debt

Account Recovery

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. (..)

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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. HCI is now a wholly owned subsidiary of CCMR3 and will continue … The post CCMR3 Acquires HealthCare-I, L.L.C. SYRACUSE, N.Y.,