Waystar
APRIL 25, 2023
When you’re managing a rev cycle, medical billing metrics matter. Seasoned RCM pros know that a revenue cycle doesn’t end until you report on it, and that means using key performance indicators (KPIs). medical billing metriC: 2. Aged receivables are more costly to collect, and the probability of collection dips.
RevCycle
JULY 26, 2023
In recent years, there has been a growing trend of medical debt credit cards being offered to patients. These cards allow patients to finance their medical bills, but they often come with high interest rates and fees. Aggressive debt collection practices. Loss of credit reporting protections.
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RevCycle
NOVEMBER 15, 2023
What are the consequences of medical debt ? Medical debt has negative consequences for Americans. One consequence is that it can damage credit scores. Medical debt can also lead to bankruptcy. In 2020, medical debt was a factor in 58% of all bankruptcies. What can be done to address the problem of medical debt?
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 not owed due to Federal or State law.
Waystar
APRIL 25, 2023
When you’re managing a rev cycle, medical billing metrics matter. Seasoned RCM pros know that a revenue cycle doesn’t end until you report on it, and that means using key performance indicators (KPIs). medical billing metriC: 2. Aged receivables are more costly to collect, and the probability of collection dips.
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.
Prosper
JANUARY 13, 2023
However, it’s never too late to learn money strategies to help you manage credit, get out of debt and create a budget and saving plan that keeps you financially fit. In this first installment of our money management series, we will explore all things credit. How do you establish or rebuild good credit? Credit Basics.
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