Student Lending revenues declined 35.3% during the third quarter to $28.1 million, from $43.4 million in the prior year period.
Expert Global Solutions (EGS), parent company of ARM giant NCO Group, announced Monday the closing of a deal that saw it sell Transworld Systems and many other debt collection units to a private equity firm. The transaction was initially announced in July.
Thanks to the Patient Protection and Affordable Care Act, the self-pay population is shrinking. But the financial challenges of that population continue to grow and now are spreading to other formerly stable patient populations, namely those with employer insurance.
The Eleventh Circuit Court of Appeals yesterday unanimously reversed a lower court ruling in Mais v. Gulf Coast Collection Bureau, a case that was extremely controversial in the debt collection industry due to the district judge deliberately ignoring an FCC ruling regarding consent to call a cell phone. Monday’s decision and opinion is seen as a major victory for debt collectors.
The National Consumer Law Center this week published a report calling for the CFPB to supervise larger collection agencies that focus on medical accounts, effectively changing a conclusion the Bureau had already reached with regard to healthcare debt.
Salient Business Solutions, the revenue cycle management and business outsourcing consulting arm of the India-based Avantha Group, has announced leadership changes for its fully owned subsidiary Pyramid Healthcare Solutions, a leading provider of revenue cycle management services for the healthcare industry based in Clearwater, Fla.
U.S. Representative Maxine Waters (D-Calif.) will propose a bill Wednesday that changes many key provisions of the Fair Credit Reporting Act (FCRA) including a reduction in the time negative information can stay on credit reports and the removal of accounts in collection once paid off.
Available free for download, SunGard’s AvantGard, provider of statistical scoring models and corporate liquidity solutions, has a new whitepaper: How Statistical Models Can Help Navigate the Future of Medical Debt Collections.
In order to service the Baby Boomer aging onslaught, hospitals, senior living centers, doctors’ offices, and other healthcare providers will seek greater support in Revenue Cycle Management and Client Relationship Management.
Credit Management Company, an established accounts receivable management firm and Coding Concepts, a premier remote coding services company, today announced a formal partnership to deliver additional revenue cycle services to healthcare clients.