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When medical receivables become aged, healthcare providers will enlist the help of the ARM industry to collect the debt. The medical, or healthcare, sector of the debt collection industry is robust, with specialty debt buyers, collection agencies and collection law firms providing service. A typical account usually involves a self-pay portion of treatment costs not covered by insurance or government programs which needs to be paid by the patient. Some medical offices also offer financing for their services and for certain elective procedures, loans which could go into default.
The Columbia Ultimate family of companies, industry leaders in providing clients with revenue maximization solutions for more than 30 years, recently announced a new corporate structure. Each of Columbia Ultimate’s five companies, RevQ, The Intelitech Group, HealthWare, Columbia Ultimate 1st Party and Columbia Ultimate 3rd Party, are now organized into designated strategic entrepreneurial units (SEU).
Value Healthcare Services announces CEO Ezra Zucker will be a featured speaker at the summer meeting of Keystone AAHAM. The event will be held on July 18 at the Penn National Conference Center in Grantville, Pennsylvania. Keystone is one of the 32 local chapters of AAHAM, American Association of Healthcare Administrative Management.
DECA Financial Services, LLC, a nationally-licensed collection agency, recently announced that it has joined the Fishers, Indiana, Chamber of Commerce.
The motto of the local organization is “Connecting People for Success” and, according to its website, members of the Fishers Chamber “have a voice voice with other businesses in helping guide, promote and develop the economic and civic well-being of one of the fastest growing communities in Indiana.”
The New York Times ran a feature-length piece Friday on how a prominent credit scoring service is treating collection accounts. The new scoring formula benefits consumers, but it could also present ARM companies with an opportunity and another tool to use in their collection efforts.
It may not be brain surgery, but U.S. businesses, especially in the accounts receivable management industry, can learn a lot of healthy social media habits by emulating hospitals’ use of common social media platforms like Facebook and Twitter.
Can a Medicare beneficiary’s debt be considered uncollectible if it has been referred to a collection agency? George Washington University Hospital says, “Yes, that debt should be considered uncollectible” — probably because if it were collectible, the hospital wouldn’t be sending that debt to a collection agency. So they took their “Yes” to court.
It’s no secret that in recent years, accounts receivable management has changed dramatically for healthcare providers. Payment used to be as simple as submitting a claim to an insurance company and following up to verify the remittance date. But a number of outside forces have made life, ahem, complicated for providers these days. More than [...]
A federal judge in Florida Tuesday granted class certification to a case brought by a consumer against a medical debt collection agency over a message left in the plaintiff’s voicemail. The consumer is seeking damages under the Fair Debt Collection Practices Act (FDCPA) and the Telephone Consumer Protection Act (TCPA).
The case also names the original creditor, a hospital in this case, citing vicarious liability under the TCPA.
Medical Recovery Specialists, LLC (MRS), part of the Receivables Management Partners (RMP) family of companies and a leading provider of accounts receivable management and other outsourced revenue cycle management (RCM) services to the healthcare industry is pleased to announce that Mike Gerlach has joined MRS as General Manager
Insurance reimbursements are down, affecting gross days revenue outstanding — and, more importantly, your healthcare organization’s bottom line. In order to effectively manage receivables, it’s what happens after the claim that matters most. In this webinar, presented by Ontario Systems and insidePatientFinance.com, you’ll learn techniques that will help you reduce gross days revenue outstanding and [...]