The amount of bad debt stemming from patients with insurance increased more than five-fold in a three-year period, hitting providers' financial statements in an already challenging environment. Almost ...
Approximately 86 percent of hospital and health system executives said bad debt accounts for more than 2 percent of their total cost of services, and point-of-service collections are becoming a larger ...
Bad debt can also affect your credit. Your credit utilization, which is the percentage of your available credit that you're using, plays a major role in your credit score. High balances and maxed-out ...
Unheard of staffing shortages in nursing home billing offices are leading to billing lapses and major uncollectible or ‘bad’ debt amounts. A $4 million case in Connecticut is fueling observers’ ...
There are potential benefits and downsides to debt consolidation.
How much is too much for patients to pay off a bill for medical care? According to data gathered by the Crowe Revenue Cycle Analytics (Crowe RCA) software, collection rates drop significantly when the ...
Angel Zhong does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their ...
Freeman Law’s “The Tax Court in Brief” covers every substantive Tax Court opinion, providing a weekly brief of its decisions in clear, concise prose. For a link to our podcast covering the Tax Court ...
Jackson Health System in Miami stunned its governing board with the announcement that the public hospital system's loss for fiscal year (FY) 2009 ended Sept. 30 was $203.8 million--roughly four times ...
A new rule will prohibit a certain type of bad debt from appearing on credit reports. The rule, announced by the Consumer Financial Protection Bureau, prohibits unpaid medical bills from appearing on ...