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The Future of Healthcare Collections

Everyone agrees that something has to be done to address the growing amounts of unpaid medical debts. Forcing people to pay for healthcare procedures up front leads some individuals to opt out of receiving healthcare that might be important. Sending patients a bill afterwards presents its own set of issues, …

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Healthcare Lawsuits Continue to Get Scrutinized

More pressure from consumer advocates, lawmakers, and other officials regarding the practice of filing lawsuits against individuals who do not pay their debts has led another hospital to say it is re-evaluating its policies and procedures. A report last week cited the number of lawsuits filed by Methodist Le Bonheur …

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Patient Out-of-Pocket Healthcare Expenses Rise 12%

Patients paid an average of 12% more to cover out-of-pocket expenses during 2018, according to a study of healthcare data released yesterday by TransUnion at the Healthcare Financial Management Association’s annual conference in Florida. The number of individuals who experienced an out-of-pocket expense of at least $1,000 more than doubled …

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Understanding the New Dynamic of Paying for Healthcare

More and more, individuals are turning to crowdfunding, using sites like GoFundMe.com, to raise money to cover the costs of healthcare procedures. For companies in the credit and collection industry, understanding this dynamic is important as those fundraising efforts are being used to pay off unpaid medical debts. When it …

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