article thumbnail

Private Equity’s Growing Influence in Medical Debt Collection

Account Recovery

The healthcare industry is facing an alarming rise in medical debt, with private equity firms playing an increasingly dominant role. What they’re doing: Private equity firms are packaging RCM services, combining debt collection, medical financing, and patient management under a single umbrella.

article thumbnail

How a Medical Collection Agency works?

Nexa Collect

These debts can be unpaid hospital bills, doctor’s office fees, or any other expenses related to healthcare that a patient has not paid. There are also state laws that can affect the process of medical debt collection. You should prioritize paying off your medical debts to avoid credit damage.

Insiders

Sign Up for our Newsletter

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

article thumbnail

California Legislature Passes AB1020

Account Recovery

The California state Senate has followed the Assembly in passing AB1020, a bill that would restrict hospitals from selling certain patient debts, require collectors to certify that patients have been screened for public programs and financial assistance before filing a collection lawsuit, and extend the period before a debt could be placed with a collection (..)

article thumbnail

SIMM Associates

Recoverity

SIMM is a full service nationally licensed ARM company providing collection solutions to the student lending, consumer lending, credit/retail card, healthcare, auto finance, credit union and debt buying industries.

article thumbnail

SIMM Associates Inc. Celebrates 30 Years of Growth, Partners with Provana to Digitize Compliance Management

Collection Industry News

SIMM is a full service nationally licensed ARM and BPO company providing collection solutions and customer engagement to the student lending, consumer lending, credit/retail card, healthcare, auto finance, credit union and debt buying industries.

article thumbnail

Key Driver Transforming The Debt Collection Agencies Market 2025: Rising Consumer Debt Levels Fuel Growth In The Market

Collection Industry News

The debt collection agencies market is segmented by agency type into First-Party Agencies, Third-Party Agencies, and Sale Of Debts; by debt type into Bad Debt and Early Out Debt; and by application into Financial Services, Healthcare, Student Loans, Government, Retail, Telecom and Utility, Mortgage, and Other Applications.

article thumbnail

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

State Activities: On October 26, the Maryland Office of the Commissioner of Financial Regulation will host a free online information session for Maryland consumer debt collection agencies. On October 26, the Nevada’s Financial Institutions Division is holding a workshop on regulations pertaining to medical debt collections and S.B.