A recent merger of service providers to the healthcare industry could have implications for your organization’s RCM outsourcing choices. Optimum Outcomes, a leading provider of account resolution services to hospitals and hospital-based physician groups throughout the United States, announced Tuesday the acquisition of Patient Financial Services and Absolute Collection Service (collectively, “ACS”), businesses focused on […]
Accretive Health ended its months-long legal and public battles with the Minnesota Attorney General, agreeing to pay a $2,490,400 settlement but without admitting any wrongdoing.
The company also agreed to cease its healthcare revenue cycle consulting services practice in Minnesota for two years. The company had contracts with Fairview Health and North Memorial, which operate hospitals and clinics in the state.
Medical debt collector and revenue cycle management provider Accretive Health Monday ended its months-long public legal battle with the Minnesota Attorney General over its health facility debt collection practices, agreeing to pay $2,490,400 in a settlement without admitting any wrongdoing.
Optimum Outcomes, a leading provider of account resolution services to hospitals and hospital-based physician groups throughout the United States, announced Tuesday the acquisition of Patient Financial Services and Absolute Collection Service (collectively, “ACS”), businesses focused on healthcare ARM and revenue cycle management services.
Debt buyer Asset Acceptance Capital Corp. (NASDAQ: AACC) reported results late Monday for the second quarter of 2012 marked by flat earnings, increased revenues, and the most active debt portfolio purchasing quarter for the company in four years.
Cavalry Portfolio Services, LLC has appointed Christian Parker as Executive Vice President for the company’s legal operations. Parker has served as Cavalry’s General Counsel since 2005. He will continue as General Counsel while also managing the company’s legal operations.
insideARM.com published a story this morning on its Forbes.com blog–The Business of Receivables–regarding the announcement of a patent issued by the United States Patent and Trademark Office to TriCap Technology Group. TriCap owns the open market debt portfolio exchange platform, ARxChange.
The new patent (# 8234209) has material implications for the U.S. debt markets as a whole, and specifically for any ARM company that buys delinquent debt or services purchased delinquent accounts.
For business owners and managers, understanding the performance of your own company is key to planning and improving performance. It helps you understand areas of strength and weakness. It also allows you to understand what changes would have the greatest impact on profitability and liquidity.
Upcoming cuts in federal funding prescribed under healthcare reform will increase bad debt at hospitals that are frequented by illegal immigrants, the New York Times reports.
Under the Patient Protection and Affordable Care Act, reimbursement to hospitals with higher-than-average indigent populations will be cut in half by 2019. The Times reports that the cuts will dramatically affect the finances of hospitals that serve a higher proportion of illegal immigrants.
Two Indonesian men convicted of killing a man they were interrogating about a debt failed to appear after being ordered into detention. Officials in the country now consider the men to be fugitives.