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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.
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.
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.
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.
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.
Ontario Systems, the leading provider of accounts receivable management software, recently announced John Tonetti of the Consumer Financial Protection Bureau (CFPB) will speak at its annual conference which is being held August 6-8 in Indianapolis. Tonetti is the Debt Collection Program Manager in the CFPB’s Research, Markets and Regulations Division.
LexisNexis® Risk Solutions today announced Contact Plus, an advanced phone and address search solution designed to give skip tracers and debt collectors increased right party contacts through more up-to-date and comprehensive contact information on their debtors.
Emprise Technologies, LLC deepens its partnership with Pervasive Software® Inc. (NASDAQ: PVSW), a global leader in cloud-based and on-premises data innovation, enabling Emprise clients to rapidly connect virtually any application, SaaS system, cloud or data source/target.