MedAssets, Inc and Equicare Capital, LLC announced a new, exclusive business relationship, which will offer MedAssets’ customers accelerated and increased cash payments for their accounts receivables.
Historically, most hospitals have not implemented effective collection processes and routinely write off co-payments and deductibles. However, with an increasing number of self-pay patients in the marketplace, bad debt accounts are growing to an unacceptable level. Bad debt in healthcare is estimated to be approximately more than $500 billion and is growing faster than any other segment of healthcare.
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