Blog: 2014

Inside Arm Summit: Compliance is the Hot Button Issue in 2014

January 30th, 2014

Last week InsideArm hosted a Large Market Participant Summit in Washington D.C. While the summit was catered to large firms within the A/R industry, some of the key points are instructive for all agencies and companies, regardless of shape or size.

The main takeaway? Compliance will be key. It is the issue for collection agencies in 2014.

USA Today Projects That Medical Debt Will Persist Under Affordable Care Act

January 28th, 2014

Earlier this month USA Today conducted an analysis of how the amount of bad debt for hospitals will be affected by the Affordable Care Act.

Citing the same study from the Kaiser Family Foundation that was considered by TAG in our own projections about ACA earlier this month, USA Today found that the prominence of "bronze level" plans will play a significant role in the A/R for hospitals and medical centers.

The Need To Modernize Debt Collection Laws

January 14th, 2014

Collection agencies aren't looking for short cuts. They aren't looking for loop holes or opportunities to do wrong by consumers. Most collection agencies, committed to treating people with respect, simply want to be able to do their job.

In an article for Global Banking and Finance Review, Pat Morris, the CEO of ACA International, summed it up well:

Bad Debt will increase for many with insurance under the Affordable Care Act

January 10th, 2014

The Kaiser Family Foundation released a study this week that looked at the issue of "Medical Debt among People with Health Insurance." In addition to looking at some of the factors for bad debt among the insured in recent years, it looks ahead to what trends might emerge with the implementation of the Affordable Care Act in 2014 and beyond.

Report: Hospitals' Uncompensated Care Costs Continue to Rise

January 6th, 2014

The American Hospitals Association issued a report on Monday that indicated the continuation of a troubling trend for hospitals and medical centers.

Uncompensated care costs continue to rise. In 2012 they rose to $45.9 billion, an 11.7 percent increase from the $41.1 billion figure in 2011 (source: ACA International).

How will the Affordable Care Act affect the amount of bad debt for hospitals and medical centers?

January 3rd, 2014

How will the Affordable Care Act affect hospitals' accounts receivable? Will it result in more bad debt?

These are just two key questions among the mass uncertainty about the Affordable Care Act. In the midst of the contentious debates, the grandstanding, name calling, finger pointing, and other tactics familiar to the world of politics, serious and pressing questions about this law have been looming.


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