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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Healthcare Collections Fair Debt Collection Debt collector 130

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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Healthcare Debt collector Collections 130

Account Recovery

FEBRUARY 27, 2024

A medical debt collection bill has advanced out of committee in the Oklahoma legislature and will now head to the full state house for its consideration. The bill would require healthcare providers or third-party debt collectors to include an itemized list of the charges when filing a collection lawsuit, among other requirements.

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Third-party Debt Collectors Collections Healthcare Debt collector 130

Account Recovery

OCTOBER 3, 2024

9890, called the Reporting Medical Debt Payments as Positive Consumer Credit Information Act of 2024, was introduced earlier this week by Rep. Healthcare is one of the most unaffordable insurances for individuals.” Don Bacon [R-Neb.], Marie Gluesenkamp Perez [D-Wash.]. Bacon in a statement. “I Learn more. And more.

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Healthcare Debt collector Consumer Credit 130

Account Recovery

APRIL 12, 2022

The announcement is the latest in a string of … The post White House Announces Medical Debt Crackdown appeared first on AccountsRecovery.net.

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Debt collector Healthcare 246

Account Recovery

APRIL 23, 2021

Preferred Collection and Management Services, a class-action lawsuit has been filed in New York federal court accusing a debt collector of violating Section 1692c(b) and 1692f of the Fair Debt Collection Practices Act … The post First Class-Action Suit, post-Hunstein, Filed in N.Y.

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Fair Debt Collection Debt collector Collections Healthcare 246

Account Recovery

JUNE 14, 2022

Issues with billing inaccuracies and “aggressive” tactics used by debt collectors to recover “allegedly unpaid” medical debts received top billing in a press release yesterday that was issued by the Consumer Financial Protection Bureau announcing that it had published its annual report on the top financial concerns facing servicemembers (..)

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Debt collector Collections Healthcare 245

Account Recovery

NOVEMBER 20, 2024

The suit claims that the timing of the CFPB’s action is politically motivated, that it was issued without the standard notice-and-comment period, bypassing the usual administrative procedures, and that it imposes significant financial and operational burdens on debt collectors — estimated at $400,000 per year for many companies.

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Debt collector Healthcare Fair Debt Collection Collections 130

Nexa Collect

JUNE 18, 2023

Since debt collectors are on the phone all day long, they know every tactic to get paid. 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.

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Collection Agencies Collections Agency Collections Healthcare 130

Account Recovery

NOVEMBER 11, 2024

The Court aptly wiped out the consumer debt collector licensing theory with this great line—“It goes without saying that a large insurance company like UHC isn’t a ‘natural person’ and that, therefore, its debts aren’t ‘consumer debts’ under this law.” More details here.

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Credit Unions Credit Unions Debt collector Healthcare 130

Better Credit Blog

OCTOBER 2, 2020

While it may have only been caused by a simple mistake, debt in collections can have harsh consequences on your credit score and your everyday life. If you’re being contacted by Healthcare Revenue Recovery Group and aren’t sure how to proceed, take a deep breath and relax. What Is Healthcare Revenue Recovery Group? Box 459080.

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Healthcare Debt collector Fair Debt Collection Collection Agencies 52

Account Recovery

OCTOBER 2, 2024

The Consumer Financial Protection Bureau issued new guidance yesterday regarding unlawful medical debt collection tactics. The advisory opinion clarifies that debt collectors, including third-party revenue cycle management companies, violate federal law when collecting inaccurate or legally invalid medical debts.

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Debt collector Collections Healthcare 130

American Profit Recovery

FEBRUARY 9, 2021

To keep your patients coming back and avoid awkward situations, you should choose your third-party collectors carefully. Diplomacy is critical with healthcare debt. When it is determined the patient owes the invoiced amount, that collector should have the authority to create payment arrangements or a payment plan on your behalf.

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Collection Agencies Collections Agency Collections Debt collector 130

Credit Management Company

JANUARY 10, 2019

Hospitals and doctor's offices have always been concerned about getting payment from the uninsured, but now that patients with employer coverage bare a greater financial burden, providers are feeling more like debt collectors. The Root of the Problem. Changing the Ways Bills Are Processed.

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Debt collector Medical Bills Collections Healthcare Collections 53

PDC Flow

MAY 26, 2020

Now, healthcare collections and other accounts receivable businesses are starting to realize that managing remote staff may be a long term necessity. . No one knows how long the Coronavirus pandemic will last or what the future of healthcare AR will look like when it has passed. Hannah Huerta is a Marketing Specialist at PDCflow.

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Healthcare Collections Debt collector 56

Nexa Collect

JANUARY 14, 2023

Extra costs to comply with these laws would be passed on to businesses /creditors, who are already unwilling to pay the current costs associated with hiring a professional debt collector. There are thousands of collection agencies in the USA, but most are small. They have less than ten people and work from small offices.

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Debt Recovery Government Collection Agencies Collections Agency 130

Nexa Collect

JULY 2, 2020

And, just like in other areas of the healthcare system, there can be uninsured individuals too that labs run testing for. Collection Calls made by a Professional Debt Collector. A debt collector calls debtor many times. Good for accounts less than 120 days past due. Contingency fee only. No upfront or other fees.

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Collection Agencies Collections Agency Collections Debt collector 130

Troutman Sanders

JANUARY 18, 2022

Finding that the defendant debt collector was entitled to rely on the information provided by its client about the name of the debtor, a district court judge in Washington state granted summary judgment in favor of Puget Sound Collections, Inc. PSC) in a Fair Debt Collections Practices Act (FDCPA) case. Angela Campbell v.

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Debt collector Judgment Fair Debt Collection Healthcare 52

Account Recovery

MAY 30, 2023

The governor of Texas has signed a bill into law that will require hospitals and health care facilities send patients a written, understandable itemized invoice prior to placing the account with a debt collector. The law is scheduled to go into effect on September 1. A copy of SB 490 can be accessed by clicking …

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Debt collector Healthcare 130

Better Credit Blog

MARCH 2, 2021

mostly collects on debt in the healthcare industry. They collect on debts for both smaller doctors’ offices and clinics and hospitals. When your healthcare provider is unsuccessful at collecting your debt, they could contact a third-party agency such as H&R Accounts. Even more good news?

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Collection Agencies Collections Agency Healthcare Debt collector 95

Better Credit Blog

SEPTEMBER 9, 2020

If you have been contacted by Sunrise Credit Services, you are probably being pursued for an old debt. Sunrise Credit Services is a debt collector that has been hired by your old creditor to collect payment on your debt. They may also have purchased the debt to profit off your payments. Validate the Debt.

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Debt collector Loans Collections Creditors 101

Collection Industry News

JULY 12, 2021

A recent decision in the 3rd Circuit should prompt debt collectors to review their inclusion of viewable bar codes, QR codes or other technologies when sending debt collection letters. The post 3rd Circuit Ruling On Bar Codes Has Implications For Debt Collectors appeared first on Collection Industry News.

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Debt collector Healthcare Debtor Fair Debt Collection 40

Collection Industry News

FEBRUARY 1, 2023

This decline, as well as insights from CFPB market monitoring, suggests that debt collectors are moving away from reporting (or furnishing) medical bills to credit reporting companies, resulting in fewer medical tradelines on consumer credit reports.

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Debt collector Healthcare Fair Debt Collection Collections 40

Better Credit Blog

FEBRUARY 18, 2021

You may start getting calls from a debt collector. Failing to pay your bills will cause the debt to move to collections. One such debt collector that you may hear from is called FirstPoint Collections. Removing a debt collector from your credit report isn’t easy, but it is worth it. public utilities.

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Collections Debt collector Collection Agencies Collections Agency 94

Collection Industry News

AUGUST 4, 2020

Days after her call to Consumer Investigator Shannon Behnken, she says Humana Insurance called her to say they are sending additional payment proof to the debt collector. “I The post Insurance company, debt collector review Dade City woman’s 4-year-old hospital bill appeared first on Collection Industry News.

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Debt collector Healthcare Collection Companies Collections 40

Troutman Sanders

JANUARY 22, 2021

On January 14, 2021, the Court of Common Pleas in Cuyahoga County, Ohio denied a healthcare foundation’s motion to dismiss, ruling that healthcare clinics and hospitals are not “physicians,” as that term is defined in the Ohio Consumer Sales Practices Act, and accordingly, are not exempt from liability resulting from consumer transactions.

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Better Credit Blog

OCTOBER 14, 2020

Though the agency is headquartered in Pennsylvania, they collect on consumer debt nationwide. ARS collects on debts for several types of businesses, including: Telecommunications services. Healthcare debt. Debt from financial institutions. Curious about the debt collection process? Higher education loans.

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Debt collector Fair Debt Collection Collection Agencies Collections Agency 81

PDC Flow

MARCH 9, 2021

As accounts receivable professionals know, early out collection (also known as pre collection) is a typical practice to resolve healthcare bills. Managing administrative staff and chasing down payments can be a big job for a hospital system or other healthcare practice. What is Early Out Collection? Patient Relations.

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Collections Healthcare Collection Agencies Collections Agency 79

Better Credit Blog

AUGUST 14, 2020

Another awesome benefit of the Fair Debt Collection Practices Act, debt collectors must present proof of the debt they claim you owe if you request it within 30 days. Using a simple debt validation letter template , you may be able to get a collections entry removed from your credit report without paying a dime.

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Third-party Debt Collectors Debt collector Collection Agencies Collections Agency 91

Troutman Sanders

FEBRUARY 2, 2023

The rule will likely have a significant impact on healthcare companies, debt collectors, and other entities that have relied on these longstanding exemptions in the past, and the six-month implementation time frame may make it difficult for companies to implement any meaningful technical solutions.

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Healthcare Debt collector 52

PDC Flow

OCTOBER 12, 2021

On November 30, 2021, debt collectors are expected to be fully ready to comply with this long-awaited rule. Overall, Bender feels the use of new communication channels in debt collection is a positive step for the industry. “ how to present your company’s name without revealing you are a debt collector.

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Debt collector Financial Institution Financial services Collections 83

Better Credit Blog

OCTOBER 15, 2020

Confronting a debt collector can seem like a daunting task, but getting a collections entry off your credit report is actually quite simple. ARstrat specializes in healthcare debt, collecting on debts from some of the following types of providers nationwide: Academic healthcare facilities.

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Debt collector Healthcare Collection Agencies Collections Agency 52

Credit Management Company

OCTOBER 27, 2022

This rule limits how often a collector can contact a debtor while also establishing rules around social media and what information must be included in a voicemail. The act protects patients and makes it illegal for debt collectors to threaten consumers when trying to collect on medical accounts. Debt account number.

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Debt collector Collections Healthcare Debtor 52

Credit Management Company

FEBRUARY 23, 2021

Even before the pandemic hit, healthcare providers have known the importance of being respectful when contacting patients about outstanding bills. Now, there are additional steps you must add to your debt collection practices. Now, there are additional steps you must add to your debt collection practices. Detailed Disclosures.

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Fair Debt Collection Debt collector Collections Healthcare 52

Credit Management Company

NOVEMBER 3, 2020

However, it would be an understatement to say that it has especially affected the healthcare industry. At the beginning of the year, healthcare officials were not even sure masks would help protect the population. We’ll also discuss how you can navigate this shift as debt collectors. Let’s dive in.

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Healthcare Collections Debt collector Credit Management 52

Better Credit Blog

FEBRUARY 4, 2021

DFS primarily collects on healthcare debt, as well as: Commercial debt. Credit card debt. Utility debt. Are hired to help the original lender collect the debt. When a collections agency gets ahold of your debt, it can mean lots of phone calls and letters for you. Phoenix, Arizona 85053.

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Financial services Debt collector Collection Agencies Collections Agency 69

Troutman Sanders

JULY 11, 2023

According to the agencies, healthcare providers may be disincentivized to adequately explain financial assistance programs to patients before offering these products. Our Take: Medical debt remains an area of increasing focus for CFPB Director Chopra. On this basis, the agencies are seeking information about: The market.

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Healthcare Fair Debt Collection Financial services Debt collector 52