AR Logix Healthcare Revenue Cycle Blog

Effective Immediately: New Credit Bureau Reporting Requirements

Posted by Ali Bechtel on Jun 23, 2016 6:00:00 AM

As of June 15, 2016 your medical collection agency’s credit bureau requirements changed, and soon your practice’s will too.

Changes are Coming...and they will affect your practice's recovery

Posted by Ali Bechtel on Feb 11, 2016 6:00:00 AM

Various regulatory changes within the credit reporting industry will soon begin to have an effect on your practice's receivables. Even if your practice does not report delinquent patient accounts, understanding them and ensuring compliance is key to maintaining recovery. 

FICO Updates its Credit Scoring Model...Again

Posted by admin on Apr 21, 2015 12:13:27 PM

If the credit reporting industry has not implemented enough changes in 2015 so far, FICO has more updates coming.

NY Attorney General overhauls credit reporting agencies

Posted by admin on Mar 19, 2015 9:50:55 AM

 

The nation’s three leading national credit reporting agencies have entered into an agreement that requires the companies to improve credit reporting accuracy, overhaul their dispute proceduresand provide greater protections for consumers. 

What is FICO 9?

Posted by admin on Oct 16, 2014 7:00:36 AM

 A big change is coming for debt collections. FICO has announced that its newest scoring model, FICO 9, will disregard paid collection agency accounts and will place a lower weight on medical debt. Under the new score, those consumers with only medical debt on their records are expected to see an average score increase of about 25 points.

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