RevCycle

APRIL 25, 2024

While Artificial Intelligence (AI) is making waves in the debt collection industry, this paper argues that a human-centric approach focused on empathy, understanding, and flexible solutions can achieve higher netback for healthcare providers while treating patients with dignity and respect.

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Debt Collections Collector Medical Billing Deductions 182

RevCycle

JULY 26, 2023

These cards allow patients to finance their medical bills, but they often come with high interest rates and fees. The Consumer Financial Protection Bureau (CFPB) is concerned about the risks associated with medical debt credit cards. Aggressive debt collection practices. Loss of negotiating power.

Collector 182

Collector Credit and Collections Medical Billing Debt Collections 182

RMAi Blog

OCTOBER 4, 2024

On October 1 st , 2024, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra announced actions to reduce the burden of medical debt and address medical debt collection practices in a coordinated event with the White House. Collecting amounts above what can be charged under Federal or State law.

Medical Billing 130

Medical Billing Collector Debt Collections Credit and Collections 130

RMAi Blog

SEPTEMBER 25, 2024

The bill also prohibits using any medical debt listed on a credit report as a negative factor when making credit decisions and gives individuals more room to address their medical bills before debt collection and reporting actions can take place. This bill will be effective on January 1, 2025.

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Credit Reporting Agencies Medical Billing Debt Collections Credit and Collections 130

RMAi Blog

MARCH 14, 2023

Maryland HB 127 – This bill would prohibit a district court in aiding in the enforcement or execution of a small claims money judgment by ordering an individual to appear for an examination or answer interrogatories. RMAI, the creditor’s bar, and the judiciary oppose this bill. A veto this year would be less likely.

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Collector Law Firms Credit and Collections Debt Collections 100

RevCycle

JANUARY 23, 2025

The healthcare industry is abuzz with the recent finalization of the CFPB rule removing medical bills from credit reports. Rightfully so, as it removes a key piece of leverage in the collection of medical debts. New Jersey The Louisa Carman Medical Debt Relief Act was passed in New Jersey in July.

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Medical Billing Collector Debt Collections Credit and Collections 192

RMAi Blog

JANUARY 14, 2025

The final rule defines medical debt information as medical information that pertains to a debt owed by a consumer to a person whose primary business is providing medical services, products, or devices, or to such persons agent or assignee, for the provision of such medical services, products, or devices.

Credit and Collections 130

Credit and Collections Debt Collections Medical Billing Law Firms 130