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Bankruptcy a Side Effect to Getting Sick: Report

Medical debt is getting the mainstream media spotlight today, largely due to a study that sought to determine if there is a correlation between individuals who incur a significant amount of medical debt and those individuals having to file for bankruptcy protection. Nearly 60% of individuals who filed for bankruptcy …

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Sen. Grassley Asks IRS For Details About Non-Profit Hospitals’ Collection Practices

Sen. Chuck Grassley [R-Iowa] has written a letter to the commissioner of the Internal Revenue Service seeking, among other things, information about the debt collection practices at non-profit hospitals nationwide. The information is part of a broader examination into making sure that non-profit hospitals “are fulfilling the standards for serving …

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Financial Issues Threatening Rural Hospitals: Report

Like companies in the credit and collection industry, rural hospitals have been facing a crisis and consolidation in recent years, but there might be an opportunity for collection agencies to help those facilities as that crisis is expected to worsen, according to a report that was released yesterday. More than …

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