As a debt collector for more almost 30 years I understand the need for a collection process in a healthy accounts receivable management program. All businesses providing goods and services must get paid for their products and services. In today’s economy, collecting every dollar owed is crucial, hence the need for “collections”. Whether it’s [...]
The many Americans that thought the Affordable Care Act (Obama Care) would provide them with free healthcare are in for quite a surprise. Even though the new marketplace makes purchasing healthcare coverage more available and affordable for many Americans, especially those patients with pre-existing conditions, healthcare costs are far from free. According to HealthCare.gov, [...]
I am sure that this news isn’t a surprise to our health care clients, but according to a recent report released by Trans Union, out-of-pocket costs (average patient payment responsibility) for patients increased more than 38% during the last year. The report suggests that it is likely that these costs will increase even further [...]
According to the American Banker’s Association, during the second quarter of 2013, consumer delinquencies rose slightly. The composite ratio rose six basis points to 1.76 percent, but this is still 25 percent below the 15- year average of 2.36 percent. Bank card delinquencies remained about the same at 2.42 percent, which is 37 percent [...]
We are pleased to let you know that we have completed the migration to our new collection software! The process was pretty seamless, but as with most system upgrades there were a few bumps in the road. We are proud of this technological advancement for our company. With an integrated dialer and sophisticated collection [...]
On September 22, 2011, the Mobile Informational Call Act of 2011, H.R. 3035, was introduced in the U.S. House of Representatives by Reps. Lee Terry (R-NE) and Edolphus Towns (D-NY), joined by Reps. John Shimkus (R-IL) and Jim Matheson (D-UT). This landmark legislation will amend the Telephone Consumer Protection Act (TCPA) in order to [...]
In your typical office environment going paperless can be a difficult task. But why continue to keep the clutter around? Why not find another way to reduce your carbon footprint, become more organized and enhance the security and privacy of your office documents. Here are a few good tips on going paperless in your [...]
Many of us are familiar with the term “Statute of Limitations”, but we may not be aware of another term called “time-barred” debt. This refers to a debt that has passed the statute of limitations period for the specific state in which the debt was incurred. Statutes of limitations vary from state to state. [...]
CNN Money reported in 2010 that nearly 30 million adults were contacted by a collection agency regarding unpaid medical bills, and an astonishing 44 million Americans are continuously making payments towards medical debt. As the economy in America continues to worsen, I would say it is fair to assume we will see these numbers [...]
HIPAA 5010 compliance date begins on Jan 1, 2012; this was adopted to replace the current version X12 version 4010A1. ICD-10-CM is a diagnostic coding system implemented by the World Health Organization (WHO) in 1993 to replace ICD-9-CM, which was developed in the 1970′s. ICD-10-CM is in almost every country in the World, except [...]