Account Recovery

NOVEMBER 6, 2023

million settlement has been reached in a debt collection case involving two healthcare providers. In a case that has been winding through the legal system for more than eight years, including two trips to the Court of Appeals for the Sixth Circuit and back, a $3.5 The Background: Back in 2015, the plaintiffs filed suit, […]

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Account Recovery

APRIL 9, 2024

In the rapidly evolving landscape of healthcare payments, a recent survey by JPMorgan Chase has shed light on critical trends that debt collection professionals in the healthcare sector must pay attention to.

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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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Account Recovery

SEPTEMBER 25, 2024

The healthcare industry continues to grapple with an increasing number of claim denials, exacerbating financial challenges for providers and complicating revenue cycle management.

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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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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. (..)

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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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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

AUGUST 14, 2024

PayZen, an AI-powered patient financing solution that aims to make healthcare more affordable while improving collection rates for providers, has closed an oversubscribed Series B funding round, raising $32 million in equity and securing a $200 million credit warehouse.

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Account Recovery

NOVEMBER 30, 2023

A collection agency and a healthcare provider in Oregon are being sued by an individual who is seeking $2 million in punitive damages because the provider has not complied with state and federal laws regarding charity care and financial assistance and violating the Fair Debt Collection Practices Act.

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Account Recovery

NOVEMBER 12, 2024

A Maryland Appeals Court has vacated the dismissal of a class-action complaint accusing a healthcare provider of violating state collection law, ruling that the common law litigation privilege does not shield debt collectors from liability under the Maryland Consumer Debt Collection Act (MCDCA) and the Maryland Consumer Protection Act (MCPA).

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Account Recovery

APRIL 4, 2024

A bill has been introduced in the Colorado legislature that would make it an unfair or deceptive trade practice for a debt collector or collection agency to take any legal action on a debt unless it has purchased complete ownership or the debt. The bill is an attempt to reform the hospital and healthcare industry […]

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Account Recovery

JUNE 5, 2024

Healthcare Provider, NY AG Issue Best Practices on Medical Debt Affordability, Collections CFPB Issues Warning About Contractual Fine Print Claim That Debt Not Owed Not Enough For Collection Letters to Be Harassing, Judge Rules 30 Companies Seeking Collection Talent WORTH NOTING: The latest viral trend involving pets is called the “paws in” (..)

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Account Recovery

AUGUST 22, 2022

Wakefield & Associates, a leading healthcare revenue cycle solutions company, announced today that Collect Rx has joined the Wakefield organization.

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Account Recovery

FEBRUARY 21, 2024

A healthcare provider in Colorado is facing public pressure and accusations that it is hiding itself from public scrutiny because collection lawsuits filed to recover debts owed by its patients are filed by collection agencies working on the provider’s behalf, thus keeping the provider’s name out of the legal spotlight, according to published (..)

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Account Recovery

NOVEMBER 1, 2024

What’s happening: The CFPB and CMS reiterated the protections for QMBs and warning healthcare providers, Medicare Advantage plans, and debt collectors about the legal consequences of improper billing and collection practices.

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Account Recovery

JUNE 8, 2021

Maryland Healthcare Collection Bill Becomes Law; Judge Partially Grants MSJ in FDCPA Case appeared first on AccountsRecovery.net.

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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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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.

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Account Recovery

NOVEMBER 30, 2023

Getting to Know Tracy Davis of Quanta Credit Services Judge Grants MTD in FDCPA Case Over Dismissed Collection Suit Suit Seeks $2M from Agency, Healthcare Provider Over Allegedly Illegal Collection Practices Why Most People Don’t Pay Their Healthcare Bills WORTH NOTING: If you’re getting your mail later than usual, you might want to blame Amazon (..)

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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. Healthcare offices that do not pay attention to proper billing and cash flow will have a challenge just like any other type of business. Medical collection agencies remove awkward conversations.

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Collection Agencies Collections Agency Healthcare Collections 187

Account Recovery

AUGUST 22, 2022

Judge Denies MTD in FDCPA Case; Consumers Paying More for Healthcare Leads to Lower Collection Rates appeared first on AccountsRecovery.net.

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Account Recovery

JANUARY 24, 2024

Judge Denies Motion for Reconsideration in FDCPA Case Over Bank Levy Healthcare Providers Most Concerned with Timely Collections: Survey California DMV Facing RFDCPA Class Action 20 Companies Looking for Collection Talent WORTH NOTING: For all of you road warriors — the best carry-on luggage … Five takeaways from last night’s New (..)

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Account Recovery

FEBRUARY 9, 2021

A bill is moving through the legislature in Ohio that would halt the collection of all debts owed to any state college or university and any hospital operated by a college or university while also pausing the accrual of interest and collection fees on those debts. The bill was introduced by Rep.

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Account Recovery

OCTOBER 29, 2024

According to the complaint, prior to providing these services, the healthcare providers contacted the insurer to verify the reimbursement rate, which was allegedly confirmed as the “usual, customary, reasonable” (UCR) rate for the procedures. Judge Roy K.

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Account Recovery

NOVEMBER 30, 2023

Almost three-quarters of individuals can’t or don’t pay their healthcare bills immediately, and among those who wait, not having enough money to pay the bill is the biggest reason why, according to the results of a nationwide survey that were released earlier this week.

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Account Recovery

JUNE 5, 2024

In a groundbreaking move, New York Attorney General Letitia James and Northwell Health yesterday announced a historic agreement aimed at significantly improving access to financial assistance for millions of New Yorkers and “significantly” reducing medical debt collection efforts.

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Account Recovery

JANUARY 24, 2024

Collecting money from patients in a timely fashion is the biggest concern for revenue cycle managers, more important than managing insurance denials and hiring and training staff, according to the results of a nationwide survey that were released yesterday.

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Account Recovery

JULY 21, 2023

Collector Sued for Sending Emails at Inconvenient Time Healthcare Collection Platform Collectly Raises $29M to Help Providers Recover More Judge Grants Partial MTD in FDCPA Case Over ID Theft Affidavit CFPB Report Spotlights Employer-Driven Debt Williams & Fudge Announces Acquisition of RGS Financial, Expanding its Market Presence and Strengthening (..)

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Account Recovery

NOVEMBER 15, 2024

The Attorney General of Massachusetts is recommending a prohibition on the credit reporting of medical debt while also making other suggestions about how medical debts are collected as part of a report that her office released this week on healthcare cost trends in The Bay State.

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Collections Healthcare 130

Account Recovery

OCTOBER 20, 2020

MORE AMERICANS ‘STRUGGLING’ TO PAY HEALTHCARE BILLS: SURVEY About 40% of Americans are having trouble managing their medical bills and have had at least one bill sent to collections, according to a survey conducted by U.S. News & World Report this month.

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Account Recovery

NOVEMBER 6, 2023

Man Pleads Guilty to Making Death Threats to Collection Agency via Automated Chatbot Healthcare Providers Reach $3.5M

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Collection Agencies Collections Agency Healthcare Collections 147

Account Recovery

SEPTEMBER 19, 2024

The healthcare industry is facing an alarming rise in medical debt, with private equity firms playing an increasingly dominant role. These firms have been instrumental in creating and collecting medical debt through strategic acquisitions of hospitals, health systems, and debt collection agencies. Learn more.

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Collections Healthcare Acquisition Collection Agencies 130

Account Recovery

NOVEMBER 16, 2020

Collector Files Motion to Have Plaintiff’s Attorney Disqualified; How Healthcare Providers are Overhauling Collections appeared first on AccountsRecovery.net.

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American Profit Recovery

MARCH 10, 2021

If you are running any type of healthcare facility or medical practice, we know how hard you have worked to cultivate new patients. And it also includes the process of medical collections and how that patient is treated during times of financial hardship. Care and collections is a phrase all our staff know and understand here.

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Account Recovery

OCTOBER 20, 2020

About 40% of Americans are having trouble managing their medical bills and have had at least one bill sent to collections, according to a survey conducted by U.S. News & World Report this month.

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Account Recovery

JANUARY 24, 2023

COMPLAINT ACCUSES COLLECTOR OF TRYING TO COLLECT ON SETTLED DEBT A complaint has been filed in federal court in Florida accusing a defendant of violating the Fair Debt Collection Practices Act by attempting to collect on a debt that had already been settled in a separate lawsuit against a different collection operation.

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