Revenue Cycle Services Provider ACS Acquired by Optimum Outcomes

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 Settles Minnesota Suit for $2.5M, Agrees to Leave State

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.

New Patent Could Turn U.S. Debt Portfolio Market on its Ear published a story this morning on its 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.

Illegal Immigration May Increase Bad Debt under Healthcare Reform

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.