Mike Bevel is an Editor for insideARM.com. You can follow him on Twitter: @MikeBevel_iA. You can also email him about Charles Dickens, Shannen Doherty, Angela Lansbury, and "Murder, She Wrote." He lives, laughs, and loves in Rockville, Maryland. He is terrified of whales.
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According to Healthcare Finance News, more than half of provider bills don’t get paid. And for every dollar billed to patients, providers have historically failed to collect 65 cents. Providers are experts at managing insurance reimbursement, but collecting self-pay dollars is a different story. With the average annual deductible for covered workers increasing 255% since 2006 and projected […]
In a non-industry-related TCPA class-action suit, a district court found in favor of the defendants, specifically citing Spokeo and the plaintiff’s inability to produce evidence of actual damages. Spokeo is proving to be the next-best-thing to actual TCPA reform, and seeing its use in cases outside the debt industry is promising.
According to Healthcare Finance News, more than half of provider bills don’t get paid. This free whitepaper from Ontario Systems examines the issues from all sides, and suggests five steps to get cash from your self-pay portfolio.
What follows is a Q & A from a webinar we produced. We’ve allowed the original panelists the opportunity to update and change their answers to reflect evolving best practices. This free whitepaper is presented as part of our TCPA Toolbox, offering a full suite of compliance and operational tools for the industry.
This four-part market intelligence series provides accounts receivable management executives with an in-depth analysis of the financial services industry. For the purposes of our analysis, Kaulkin Ginsberg defines the financial services industry as all Federal Deposit Insurance Commission (FDIC) insured entities. As a result, credit unions are excluded from this report. This is a highly-regulated […]
The debt industry has a story, but it is one told about it, rather than by it, generally. And, according to a crisis management consultant, that’s the wrong way for the industry’s stories to be told. Consumer media outlets — your Wall Street Journals; your nightly news segments; your Times, both Financial and New York […]
The Colorado Department of Regulatory Agencies is performing a “sunset review” of Colorado’s Fair Debt Collection Practices Act. The Colorado General Assembly sets specific dates that a particular agency, board, or, in this case, function of government will terminate unless the legislature passes new legislation to continue. A sunset review will generally question the need for regulation […]
The Three Lines of Defense, in a highly regulated industry such as the debt indsutry, has become a must and a norm. Regulatory bodies such as the CFPB, the FTC, and the OCC are all expecting to see this type of framework in this industry.
Two attorneys — one for collections, one for consumers — talk through urgency channels, convenience fees, and due dates. It’s another example of how language that, on the surface, seems helpful and clarifying for a collection agency, can also be seen as deceptive, by a consumer attorney, to the Least Sophisticated Consumer.
Are you currently putting the (e)11 disclosure on all communications, or are you being selective? How are you auditing to make sure the right disclosures go on the right letters, and how quickly can you fix it when things go wrong?