Account Control Technology Holdings, Inc. (ACT Holdings), the parent company of debt management and collection leader Account Control Technology, Inc. (ACT) today announced its acquisition of Convergent Resources Holdings, LLC (Convergent). The acquisition creates a diversified business process outsourcing (BPO) organization with a total of 20 offices and more than 3,900 employees.
The Idaho Supreme Court in late March upheld a lower court decision to reduce the attorney’s fees paid to a collection law firm that won default judgments against three separate medical debtors. The unanimous decision noted that ARM firms may not ask for attorney’s fees that are greater than the amount of the original debt.
BillingTree, one of the nation’s leading on-demand payment solution providers, today announced an extension of its partnership with Ontario Systems, a leading receivables management technology and services provider, to provide integrated electronic payment support for the highly successful Artiva Healthcare revenue cycle management system.
insideARM.com’s annual Best Places to Work in Collections program, now in its seventh year, is officially open for registration!
Veldos, LLC, a leading business process outsourcing provider focused on Accounts Receivable Management and Healthcare Revenue Cycle Management, is pleased to announce that Nicole Cummins has joined our team as the Global Head of Compliance.
On its AM drive-time program “Morning Edition” Friday, National Public Radio ran a segment that delved into the world of medical accounts receivable management and the rising tide of bad debt at hospitals. The piece also revealed some interesting recent changes in debt collection practices.
Kentucky Governor Steve Beshear Tuesday announced Frost-Arnett plans to grow its operations in Campbellsville, Ky. Frost-Arnett, headquartered in Nashville, Tenn., an accounts receivable management company specializing in office solutions for health care organizations, will create 70 new full-time jobs and invest $620,000 to expand its Campbellsville facility (Taylor County).
Ontario Systems, a leading receivables management technology and services provider, announced Phoenix Financial Services selected the company’s collection software package, including its Contact Savvy contact management solution, today to power medical and student loan collections across the entire Phoenix enterprise.
Debt Resolve, Inc. (OTC: DRSV) announced today that Raymond A. Conta has joined the Company’s Board of Directors effective March 13, 2014. Mr. Conta is a successful entrepreneur based in Westchester County, NY with businesses focused on healthcare billing and accounts receivable management.
Outstanding receivables and bad debt is increasing among hospitals in the U.S., even the non-profits.