According to the Consumer Financial Protection Bureau (CFPB), nearly $90 billion in medical debt appeared on consumer credit reports in 2021. Considering that not all medical debts in collections are provided to consumer reporting agencies, the actual figure is likely much higher - especially given today's challenging economic environment.
On October 14, 2022, Payscout will implement enhancements to comply with Visa, Mastercard, Discover, and American Express card brand mandates unless otherwise noted.
The manner in which payments are managed in a healthcare environment has a direct impact on the efficiency, security, and bottom-line revenue of the overall healthcare system. Finding the right solution for such complex needs requires collaboration, ingenuity, and flexibility.
Interchange fees make up the largest portion of a merchant's payment processing costs. Unfortunately, it is often not clear what these fees are and how they are charged.
In order for Collection and Accounts Receivable Management (ARM) companies to survive, and prosper, in today’s busy world, they need to become automated — NOW.