Healthcare

A company that is offering consumers credit in the form of zero-interest, fee-free payments on their medical debts has raised $220 million to expand its operations and grow its business faster. Payzen says it uses technology like artificial intelligence and machine learning to generate payment plans tailored to the budget …

The No Surprises Act has prevented more than 9 million individuals from receiving surprise medical bills during the first nine months of 2022, according to the results of a survey conducted by Blue Cross Blue shield Association, but the process of how disputes are resolved is facing a legal challenge …

Last Wednesday, New York Governor Kathy Hochul signed a bill into law — which went into effect immediately — that prohibits healthcare providers from placing lines on the primary residences of individuals with unpaid medical debts or garnishing wages to collect on unpaid bills. The state legislature in New York …

Medical debt may be keeping people who suffer traumatic injuries from truly recovering and getting all the help they need, according to the author of a recently released report that sought to uncover the financial outcomes of insured individuals who suffer serious injuries. Individuals who suffer traumatic injuries were 23% …

Senior citizens in North Carolina and Florida are carrying more medical debt than seniors in any other state, according to the results of a recently released report, which details social threats — including economic instability — to seniors receiving healthcare. Nearly one-in-six senior citizens living in the United States is …

The city council of Toledo, Ohio and the commissioners of Lucas County, Ohio — where Toledo is located — are coming together to put $1.6 million toward purchasing unpaid medical debts of its residents, which could result in wiping out as much as $200 million in past-due medical bills. This …

While the federal government still works out all the kinks related to its plan to forgive student loan debt for individuals, the rest of the country is already moving on to the next type of debt they want to see forgiven — medical debt. More than 90% of respondents to …

If you want proof of why the accounts receivable management industry is shrinking, look no further than the responses provided by a hospital being sued by the Attorney General of Washington for being too aggressive to questions posed by a Senator investigating the facility’s debt collection practices. As part of …

The next legislative session in Texas doesn’t start for three months, but already lawmakers have announced plans to re-introduce legislation that would require healthcare providers to send an itemized bill to patients prior to pursuing any debt collection action. The announcement follows the publication of an article detailing hundreds of …

The number of people who are covered under some form of health insurance is at its highest point ever, yet half of them would struggle if faced with the prospect of having to pay a medical bill of $1,000 within the next 30 days, according to a report released last …