Articles
The latest collection articles and topics impacting the industry
At Americollect, we are dedicated to being a resource where you can obtain collections articles and information on all the latest topics impacting the industry.
ACA Lawsuit Against CFPB Quickly Arises
In less than a week of announcing its final rule updating Regulation V of the Fair Credit Reporting Act (FCRA), the Consumer Financial Protection Bureau
Alert: CFPB Regulation V Lawsuit Quickly Arrives
When the Consumer Financial Protection Bureau (CFPB) issued its final rule updating Regulation V of the Fair Credit Reporting Act (FCRA) focusing on medical debt,
Final CFPB Medical Debt Reporting Regulation: What Healthcare Providers Need to Know
By Shawn Gretz, President On January 7, 2025, the Consumer Financial Protection Bureau (CFPB) finalized the Medical Debt Credit Reporting Rule, a rule that will
Higher Early Out Payments from A/B Testing
Key Points: Americollect is constantly working on ways to improve early out revenue recovery. We ranked patients on their ability to pay and customized in-bound
NY SB 8373 Medical Debt Definition Amendment Approved
In late November 2024, Governor Kathy Hochul approved a correction (in NY SB 8373) to New York’s Fair Medical Debt Reporting Act. The technical correction,
CFPB Advisory Opinion Challenges Begin to Mount
Key points: There are an increasing number of groups challenging the legality of the CFPB medical bad debt collection advisory opinion. The ACA has filed
Helping Clients with Healthcare Call Center Services
Key Points: A client needed to communicate insurance changes without overburdening their staff. Americollect was able to help answer questions and direct patients via phone
Why HITRUST in Healthcare Matters
3 Key Points Cybersecurity is important to safeguard patient data. HITRUST differs from SOC 2 because it is not opinion based. HITRUST provides clear guidelines
CFPB Advisory Opinion Issued on Medical Debt Collection
Update 11/22/2024: On November 22, 2024 the CFPB pushed back the effective date to January 2, 2025. Three Key Points: The CFPB advisory opinion will
Positive Credit Report Legislation, HR 9890 Introduced
Healthcare may have gotten a rare treat on October 1, 2024, in the form of bipartisan legislation introduced that would reverse federal law to allow
Updates to MN SF 4097 for Healthcare Providers
Earlier this year Minnesota MN SF 4097, a bill that greatly impacts medical debt collection in the state, was passed, and many of the key
New Jersey S2806 Passes Medical Debt Relief Act
Announces $100M in Medical Debt Forgiveness as a Follow-Up New Jersey recently packed a 1-2 punch against medical debt, passing the “Louisa Carman Medical Debt