How can The Medical Debt Responsibility Acts of 2011, 2012 and 2013 improve medical debt collections?
Business analytics and consumer credit score provider FICO announced Thursday that it has recalibrated its popular FICO Score formula to reflect a “more nuanced way to assess consumer collection information.”
Providers should consider setting up ACA-insured patient accounts in their respective practice management financial systems under its own classification.
The third-party debt collection industry returned some $45 billion to creditors and other clients in 2013, according to a study released today by ACA International. The report, based on a survey and other statistical analysis by Ernst & Young, is the latest in a series of comprehensive industry studies.
Thanks to the Affordable Care Act, millions have health insurance who in the past could not afford it or qualify for it. But this new widespread adoption of insurance is creating a new class of patient that requires special attention by the healthcare providers that serve them.
A joint study from the think tank Urban Institute and debt buyer Encore Capital Group released today reported that more than 35 percent of U.S. adults with a credit report have accounts that qualify to be in some stage of the debt collection system. The average balance of those accounts is $5,178.
Expert Global Solutions (EGS), a global leader in the Business Process Outsourcing (BPO) industry and parent company of ARM giant NCO Group, announced Monday that it has entered into an agreement to sell certain segments of its ARM business to private equity firm Platinum Equity. Financial terms of the pending transaction were not disclosed.
As we note every year, free participation in the program entitles companies to valuable data on the way they run their businesses. But what, exactly, is available?
The full Seventh Circuit Court of Appeals last week struck down rulings from lower courts, a previous three-judge circuit panel, and even a decision it reached itself in 1996 to reinterpret venue provisions of the FDCPA as they relate to townships vs. counties in Indiana.
EOS CCA, a leading business process outsourcing and receivables management company, today announced the formation of EOS Healthcare, a new division that will concentrate exclusively on the needs of healthcare systems, hospitals and physician organizations.