Medical Debt Collection Feed Link

Medical Debt Collection

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.

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Healthcare Organizations and Debt Collectors: A Match Made in Heaven

The Healthcare Financial Management Association, ACA International and major stakeholder organizations have released medical collection guidelines to their members. This has set in motion a scramble of credit bureaus, consumer protection agencies, healthcare organizations and others trying to synergize resources, build relationships and protect their bottom line. The ultimate goal, of course, is that these […]