According to an August 2007 Kaiser Family Foundation poll, healthcare is the second most important issue for the government to address following the war in Iraq, and the most important domestic concern. Twenty-seven percent of respondents ranked healthcare at the top of the list, making it a more pressing government priority from their perspective than the economy (16 percent), terrorism (11 percent), education (seven percent), or gas prices (six percent).
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These factors are equally important to companies in the medical receivable management industry that service or purchase delinquent medical debt. The bad debt crisis appears to be a boon to debt collection agencies and debt buyers that do business in the medical receivable market. Conversely, the prospect of sweeping federal healthcare legislation is often seen by medical receivable companies as the death knell of medical debt collection.
Download Curses or Cures: State Regulations, Hospital Creditors, and the Medical Receivables Industry and gain valuable insight on healthcare reform will affect the medical receivable market in the accounts receivable management industry.
Download the FREE Curses or Cures: State Regulations, Hospital Creditors, and the Medical Receivables Industry Report now!
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Download Curses or Cures: State Regulations, Hospital Creditors, and the Medical Receivables Industry and discover:
Download the FREE Curses or Cures: State Regulations, Hospital Creditors, and the Medical Receivables Industry Report now!
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Several states have recently enacted healthcare legislation that directly affects medical receivables companies. Bills passed or that became effective in 2007 address hospitals' governance under the federal Fair Debt Collection Practices Act (FDCPA). Legislation that applies to hospital creditors also regulates medical debt collection agencies, debt buyers, and debt collection law firms if state or federal law doesn't already apply.
Download Curses or Cures: State Regulations, Hospital Creditors, and the Medical Receivables Industry and discover:
Download the FREE Curses or Cures: State Regulations, Hospital Creditors, and the Medical Receivables Industry Report now!
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