Healthcare

An interesting thing happens to people around the age of 62 or 63 years old, according to the results of a new study. While the amount of money spent on medical care is on the way up when individuals hit that age bracket, the amount of medical-related collections is actually …

CORRECTION: An earlier version of this story incorrectly identified Credit Bureau Systems, based in Paducah, Kentucky, as the company that had been acquired. That company was not the one that was sold. The story has been updated to reflect the actual Credit Bureau Systems that was acquired.  FirstPoint Collection Resources, …

A survey of healthcare organizations reveal that less than one-in-10 will be able to recover more than 20% of their outstanding unpaid bills from patients, and those organizations know exactly whom to blame: insurance reform. Nearly 60% of the survey’s respondents say changes in healthcare insurance, such as higher copays …

The increasing number of television stations that have been turned into debt buyers as a means of forgiving medical debt for individuals in their viewing areas has caught the attention of NBC News, which conducted an interview with Craig Antico, the co-founder of RIP Medical Debt, during last night’s newscast. …

A television station in Utah has joined a growing chorus of other stations in organizing drives to raise money as a means of buying, and forgiving, medical debts. This time, KUTV purchased $1.4 million of medical debt by spending $12,500, and sent those individuals notices that the debts have been …

The best payment plans are standardized ones where everyone — the agency, the creditor, and the individuals — know what is expected of them, according to a published report. There is a need for flexibility, but also a need for ensuring that organizations are doing what they can to try …

Another TV station has gotten into the debt buying and forgiveness spirit. This time, KMOV in St. Louis raised $12,500 to go out and purchase $1 million in medical debts for 512 individuals living in Missouri and taken steps to have those debts wiped away. A number of TV stations …

More than 25% of individuals have had a medical bill turned over to a collection agency in the past 12 months, according to the results of a survey that were released yesterday. The survey was conducted by NORC at the University of Chicago, a non-partisan research institution. More than twice as …

Being more proactive about communicating with patients has been a key driver of a 7,200% increase in payment collections for an Indiana healthcare organization. Goshen Health operates 20 facilities in Goshen, Indiana. Amy Floria, the chief financial officer of Goshen Health, spoke at a conference in Las Vegas this week …

Trying to collect from patients remains the biggest challenge facing medical and healthcare facilities, and more and more of those facilities are turning to technology to help them recoup those payments, according to the results of a survey conducted by BillingTree. A copy of the results can be accessed here. …