SSI Healthcare Rev Cycle Solutions

APRIL 29, 2025

In 2022, 22 percent of healthcare staff said denial rates were increasingthis number jumped to 73 percent in 2024. [2] 3] Denials Are Destroying Revenue for Hospitals and Health Systems The American Hospital Association reports that hospitals and health systems spent almost $20 billion in 2022 overturning denied claims. [4]

Cybersecurity 52

Cybersecurity Medical Billing Bad Debt Insurance Companies 52

Waystar

DECEMBER 1, 2022

This time of year, rev cycle leaders find themselves asking one question: What changes can providers make now to add real value in the future? Naturally, the question came up at Reuters Total Health 2022. Bad debt will rise for providers. Without better transparency and more payment options, that percentage will grow. 2.

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Know-It Global

APRIL 19, 2023

In Scotland the figure is 21% higher compared to March 2022, with 140 insolvencies recorded. Supply chains threatened by soaring insolvencies Recent data has revealed the average bad debt for UK SMEs is £16,641, a spike of 61% in a year! Company insolvencies continue to climb steeply March monthly insolvency statistics reveal.

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Bad Debt Credit and Collections Credit Risk Credit Management 98

RMAi Blog

DECEMBER 9, 2022

According to the Federal Reserve Bank of New York, as published in its Quarterly Report on Household Debt and Credit Report the total household debt in the third quarter of 2022, increased by $351 billion (2.2%) to $16.51 This means the average American spends more than 9% of their monthly income on debt payments.

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Credit and Collections Bad Debt 100

Waystar

MARCH 3, 2023

hospitals ended 2022 with negative margins as expenses grew faster than revenue. That means it’s up to providers to find new ways to capture revenue, reduce bad debt, and streamline operations — without adding headcount. 3. Provider margins are under pressure — and will be for the foreseeable future. Half of U.S.

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Bad Debt 98

Emagia

OCTOBER 31, 2022

According to Gartner’s Chief Research Officer for Finance, Alexander Bant, “ 2022 will be a make-or-break year for CFOs when it comes to unlocking the value of AI, hyper-automation, digital skills, continuous processes, and data management. Why Should You Automate Credit Management Processes?

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Bad Debt Credit and Collections Credit Management DSO 59

FICO Blog

JANUARY 5, 2023

With a weakening economy, BNPL firms have seen a rise in bad debts, growing losses, increased costs of operations and tumbling share prices. Leading up to 2022, the industry saw meteoric growth with transaction volume increasing fourfold , from $33 billion to $120 billion, between the years of 2019 and 2022.

Cybersecurity 52

Cybersecurity Bad Debt Credit and Collections Transactions 52

Waystar

MARCH 3, 2023

hospitals ended 2022 with negative margins as expenses grew faster than revenue. That means it’s up to providers to find new ways to capture revenue, reduce bad debt, and streamline operations — without adding headcount. 3. Provider margins are under pressure — and will be for the foreseeable future. Half of U.S.

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Bad Debt 52

MNS Credit Management Group

MAY 28, 2022

The Debt collections business is primed for even greater transformation in 2022, which should come as no surprise. Automating regular or ineffective tasks, including sending payment reminders, liberates collection agents’ time to handle urgent matters and expedite debt recovery. When going digital is the boon.

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Debt Collections Collector Credit and Collections Bad Debt 52

Emagia

JANUARY 25, 2024

This can lead to late payments or bad debts from receivables. Research from the Gartner Finance practice found that 80% of CFOs surveyed in 2022 expected to increase spending on AI in the coming two years, aiming to reach an autonomous state within six years and improve financial controls and compliance.

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Invoice Disputes Bad Debt Cybersecurity Deductions 52

Know-It Global

JANUARY 31, 2023

In 2022 the number of registered corporate insolvencies soared 56% to 23,180 in England, Scotland and Wales and Creditors’ Voluntary Liquidations (CVLs) spiked 51% year-on-year. Reduce bad debt reserves With trade credit insurance you’re able to free up some capital that would otherwise be set aside in the event your invoices aren’t paid.

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Credit and Collections Bad Debt Credit Risk 52

Eagle Business Credit

FEBRUARY 14, 2024

The Federal Reserve has prioritized inflation since 2022, increased interest rates aggressively in order to curb inflation, and now has stopped increasing interest rates as of July 2023. This surge can be attributed to various factors including: supply chain disruptions, increased demand post-pandemic, and escalating energy prices.

Small Businesses 40

Small Businesses Bad Debt Credit and Collections Credit Risk 40

Gaviti

MARCH 6, 2023

By 2022, that number had dropped to 50% , but MFA still plays a critical role in security. This helps keep payments up-to-date so businesses can reduce their exposure to bad debt and late payments. Multi-factor authentication is an effective way to block attacks, though its ability has waned somewhat.

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Cash Applicator Order to Cash Cash Forecasting Bad Debt 52

Due

MARCH 3, 2023

percent in December 2022. Is there a limit to how much debt one should have? In contrast to credit card debt or what is often called “bad debt,” student loans are considered “good debt.” Credit scores come in many forms, including VantageScores. Living paycheck to paycheck.

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Credit Scoring Bankruptcy Medical Billing Brokerages 105

Due

MARCH 3, 2023

percent in December 2022. Is there a limit to how much debt one should have? In contrast to credit card debt or what is often called “bad debt,” student loans are considered “good debt.” Credit scores come in many forms, including VantageScores. Living paycheck to paycheck.

Credit Scoring 64

Credit Scoring Bankruptcy Medical Billing Brokerages 64

Waystar

JANUARY 16, 2025

Note: This post was originally published in August 2022. Unfortunately, patient collection rates have decreased to 48% in recent years , increasing bad debt for providers and negatively impacting cash flow, revenue, and patient relationships. It was updated in January 2025.

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Waystar

JANUARY 15, 2025

Note: This post was originally published in August 2022. It was updated in January 2025. When it comes to coverage detection, how much insurance is slipping through the cracks? As medical plans become increasingly complex and ambiguous , patients and providers face challenges.

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