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Ransomware Attacks Surge in Healthcare

Account Recovery

Ransomware continues to pose a severe threat to the healthcare sector, according to the State of Ransomware in Healthcare 2024 report from Sophos. While attacks have decreased in many industries, healthcare organizations are increasingly targeted. Ransom payments in the healthcare sector have also surged. million in 2023.

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Navient to sell Healthcare Services Business to CorroHealth

Account Recovery

— Navient (Nasdaq: NAVI) announced today that it had reached an agreement to sell its Healthcare Services business to CorroHealth, a leading health technology company. Doing business as Xtend Healthcare, Navient’s healthcare revenue cycle management organization is headquartered in Hendersonville, Tenn. HERNDON, Va.

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Navient to sell Healthcare Services Business to CorroHealth

Account Recovery

— Navient (Nasdaq: NAVI) announced today that it had reached an agreement to sell its Healthcare Services business to CorroHealth, a leading health technology company. Doing business as Xtend Healthcare, Navient’s healthcare revenue cycle management organization is headquartered in Hendersonville, Tenn. HERNDON, Va.

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Cleveland Becomes Latest Government to Tackle Medical Debt Burdens for its Residents

Account Recovery

The city council of Cleveland, Ohio last night approved legislation that will earmark nearly $2 million to purchase and forgive up to $190 million in unpaid medical debts for city residents, becoming the latest government entity to take measures aimed at lessening the medical debt burdens for its residents.

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Government is Making Debt Recovery a lot Harder

Nexa Collect

The US government has thrown a slew of laws on collection agencies, making bad-debt recovery harder and costlier. Our government’s intention behind these laws is not wrong, but the ground reality is different. . Lower recoveries mean, low recoveries and extensive loss for businesses and doctors.

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Local Government Considers Ordinance to Buy, Forgive Residents’ Unpaid Medical Debts

Account Recovery

For what is believed to be the first time, a local government is looking to buy up the unpaid medical debts of tens of thousands of its citizens so the debts can be written off and forgiven.

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700 Rural Hospitals At Risk of Closing Doors: Report

Account Recovery

Of these, 360 are in immediate danger, which poses a significant threat to the accessibility of critical healthcare services for millions of Americans. This issue is compounded by insufficient government reimbursements and dwindling financial reserves. This investment would represent a mere 0.1%