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Preparing for 2025: Key Trends & Predictions in Medical Collections

RevCycle

HIPAA: Cybersecurity Focus: With increasing cyber threats, HIPAA may introduce stricter cybersecurity standards to protect patient health information. Accelerated debt resolution: AI-driven analytics can identify high-risk accounts and prioritize collections efforts.

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Is Granting Credit Terms Worth the Risk?

Your Virtual Credit Manager

Ensure the account meets your cybersecurity requirements. For example, even if they prefer to pay via ACH, consider whether you want them to store your bank account number in their systems. Ranking accounts by risk across your entire AR portfolio helps you see where each account stands relative to others and to industry norms.