Outstanding receivables and bad debt is increasing among hospitals in the U.S., even the non-profits.
Veldos, a leading business process management provider, announced recently the completion of three important acquisitions which will grow its market position significantly and diversify the business verticals it serves.
Employing point-of-service collections can be a drastic cultural shift for healthcare organizations. Even the word “collections” remains taboo in some segments of the healthcare industry.
In an effort to encourage employees and Americans as a whole, to live healthier lives and have healthier hearts, North American Credit Services (NACS) and Medical Services of Chattanooga, 200 plus employees celebrated National ‘Go Red’ on February 7th.
The IRS quietly announced over the holidays that not-for-profit hospitals should “rely” on 501(c)3 regulations dealing with collecting patient debt that were proposed in 2012 but have yet to be finalized.
The Healthcare Financial Management Association and ACA International today released a final copy of their joint recommended best practices in the collection and handling of medical debt. The guidelines, nearly a year in the making, are intended to help patients and businesses by providing a standard playbook for the revenue cycle process.
United Recovery Systems (URS), a portfolio company of Audax Private Equity, announced it has completed the acquisition of Financial Health Strategies (FHS).
EOS CCA has announced the appointment of longtime healthcare revenue cycle expert, Alan Todd Van Meter as President of EOS Healthcare, a division of EOS CCA, a leading Revenue Cycle Management company and a subsidiary of the EOS Group.
The Federal Trade Commission Tuesday announced a settlement with revenue cycle management and healthcare business services firm Accretive Health over patient information security concerns. But the FTC also issued a closing letter noting that it would not be pursuing enforcement actions related to debt collection, an issue that grabbed a lot of attention in 2012.
Payment Savvy, the premier payment processing company, is offering special rate plans for the benefit of collection agencies, hospitals, and medical billing facilities.