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California Governor Gavin Newsom yesterday signed a trio of bills that will significantly impact the credit and collection industry in the state. These new laws, set to take effect in 2025, will reshape how medical debt is reported, expand consumer protections, and alter the landscape for commercial debt collection. The big picture: The three bills signed into law are: SB 1061: Medical Debt Reporting Ban AB 2837: New Requirements for Wage Garnishments and Bank Levies SB 1286: Expansion of Rosent
In today’s competitive market, your business’s reputation isn’t just important—it’s everything. It’s what sets you apart, builds customer loyalty, and ultimately drives your success. Building trust with customers and maintaining strong relationships are the cornerstones of sustainable growth. But let’s face it—when invoices go unpaid, things can get tricky.
During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant to be a service to aggregate industry job opportunities into one convenient location.
Cash flow is the lifeblood of any business. Without it, even the most promising companies can find themselves struggling to stay afloat. That’s why maintaining a healthy cash flow is crucial for your business’s financial stability and long-term success. But what happens when credit control isn’t up to scratch? The result is often a cascade. Read more » The post The Impact of Poor Credit Control on Cash Flow appeared first on JMA Credit Control.
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
A District Court judge in Maryland has denied a defendant’s motion to dismiss claims it violated the Fair Debt Collection Practices Act by not clearly itemizing the fees it was attempting to charge the plaintiff, ruling that the plaintiff plausibly alleged the defendant’s practices were misleading or deceptive from the perspective of the least sophisticated consumer.
In poll after poll, Americans have indicated the economy is their top concern as they prepare to cast votes this election. Dealing with high inflation for years will do that to you. Although inflation has cooled significantly since it peaked at a 40-year high in 2022, Americans are paying around 20% more for goods and services now compared to before the pandemic, according to Consumer Price Index data.
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In poll after poll, Americans have indicated the economy is their top concern as they prepare to cast votes this election. Dealing with high inflation for years will do that to you. Although inflation has cooled significantly since it peaked at a 40-year high in 2022, Americans are paying around 20% more for goods and services now compared to before the pandemic, according to Consumer Price Index data.
The healthcare industry continues to grapple with an increasing number of claim denials, exacerbating financial challenges for providers and complicating revenue cycle management. According to the Experian Health 2024 State of Claims survey, nearly 3 out of 4 healthcare providers report an uptick in claim denials — a 31% increase compared to 2022. Compounding this issue is a concerning decline in the adoption of technologies, such as automation and artificial intelligence, that could mitigate th
Judge Denies MTD in FDCPA Case, Rules Defendant ‘Obligated’ to Avoid Practices that Would Mislead Least Sophisticated Consumer California Governor Signs Trio of Collection-Related Bills into Law Uptick in Claims Denials Making Reimbursements More Difficult for Healthcare Providers: Report 23 Companies Seeking Collection Talent WORTH NOTING: The top five worries and the five worst sleep habits that are keeping people up at night … Hawaii may be beautiful, but the downside is dealing with th
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