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.
North American Credit Services and Medical Services of Chattanooga celebrated the grand opening of the 7th building on August 21st at the company’s headquarters in Chattanooga, Tennessee. The new $1.2 million expansion will provide over 10,000 square feet of office space along with the capacity for 115 new employees to join the company’s growing medical billing and receivables workforce.
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.