AR Logix Healthcare Revenue Cycle Blog

FAQ: Can I Add a Collection Fee to a Delinquent Account?

Posted by Ali Bechtel on May 7, 2015 12:55:00 PM

FAQ: Can I charge a collection fee on delinquent patient accounts?

Answer: Yes

The Fine Print:

Adding fees to a patient account is permissible by law, so long as "such amount is expressly authorized by the agreement creating the debt or permitted by law." 15 U.S.C. 1692f §810(1) 

When the Winds of Change Blow Hard - A Look at the Collection Industry in 2015 - By Harry Strausser III

Posted by admin on Jan 8, 2015 6:00:33 AM

Many operators in the accounts receivable management (ARM) industry have been tying down their operations to brace for the hurricane force winds of change that have pummeled the industry in recent years. 2014 proved to be a continuation of new perspectives, regulatory turmoil, increased litigation by the consumer bar and internal office modifications as we look for common ground, understanding and agreement of how our industry should perform our services.

Reasonable or Extraordinary? : Breaking down the new hospital regulations under the Affordable Care Act

Posted by admin on Aug 14, 2014 11:08:48 AM

 

Nonprofit hospitals in particular are feeling the strain of new regulations on top of increasing patient balances and stricter collection requirements. Deductibles are up nearly 40% from the average for an individually purchased plan before the health care reform, yet the Affordable Care Act requires nonprofit hospitals to follow “reasonable billing and collection requirements,” and to cease “extraordinary” debt collection. But what is considered “reasonable” or “extraordinary”? 

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