Healthcare

A popular question that has popped up in the days following the announcement of a data breach at a collection agency that has exposed the personal and financial information of millions of individuals is, “why?” What’s in it for someone to try and steal information from a collection agency? Hacked …

Ensemble Health Partners has kicked off a hiring binge that seeks to add 1,100 new employees to the company by next year, according to a published report. The majority share of the revenue cycle management firm was recently sold to a private equity company for $1.2 billion and is planning …

A third healthcare company has come forward and announced it was part of a data breach at American Medical Collection Agency. This time, Opko Health said that 423,000 individuals had their personal and financial records compromised as a result of unauthorized activity that occurred between August 1, 2018 and March …

A survey of 1,600 executives from healthcare facilities across the country has revealed the leading vendors in 20 different financial categories, based on customer satisfaction and client experience. The results of the survey, conducted by Black Book Research, were released yesterday. More than 1,200 different facilities participated in the survey. …

Bon Secours Mercy Health System has sold a majority stake in its revenue cycle management company, Ensemble Health Partners, to Golden Gate Capital, a private equity firm, for a reported $1.2 billion. Golden Gate acquired 51% of the company in the transaction, according to a published report. “Our bread and …

A recently released whitepaper offers a number of different revenue-cycle benchmarks for outpatient surgery centers, including how long it should take to collect on unpaid bills and the overall collection rate. Billers and collectors, for example, should be following up on 95% of their open claims every month, according to …

A bill has been introduced in the Senate that would amend both the Fair Credit Reporting Act and the Fair Debt Collection Practices Act to enhance consumer protections related to medical debt. Senate Bill 1581 was introduced yesterday by Sen. Jeff Merkley [D-Ore.] and is being co-sponsored by Sen. Richard …

The Oregon House of Representatives yesterday passed a bill that would alter the amount of interest that a healthcare facility or debt collector can charge on unpaid medical debt, ensure that collectors are following state collection guidelines when collecting on medical debt, and open up charity care and financial assistance …

More consumer advocates and non-profit organizations are looking at the lawsuits filed either by or on behalf of healthcare facilities against individuals who have not paid their medical bills, and making accusations that those lawsuits are being filed against individuals who might be eligible to receive charity care. Collection agencies …

Do you want more evidence that healthcare collections is a good spot to be, at least for the short term? More than 1 million Americans lost their health insurance coverage last year, according to data released by the Centers for Disease Control and Prevention. Overall, 30 million Americans, about 10% …