Collecting debt is a delicate balance. You need to recover funds while also maintaining friendly relationships with customers and adhering to regulations. Traditional methods like phone calls, letters, and personal visits are becoming less effective in our fast-paced...
RECENT POSTS
Capital Recovery Blog
RECENT POSTS
Capital Recovery Blog
Patient Rights and Medical Debt: Understanding the Fair Credit Reporting Act’s Protections
Medical debt can feel like a maze with no clear way out, but the Fair Credit Reporting Act (FCRA) offers crucial protections that can help patients mindfully manage their finances. For healthcare providers, understanding these protections is not just about...
The Fair Credit Reporting Act and the Changing Landscape of Medical Debt Report: What Healthcare Providers and Patients Need to Know
The Consumer Financial Protection Bureau (CFPB) has been shaking things up in medical debt reporting, and it's got everyone talking. On January 7, 2025, the CFPB finalized a rule prohibiting data furnishers and credit bureaus from reporting on medical bills and debt....
From Patients to Partners: How Clear Communication Improves Payment Compliance
The gap between the healthcare service provided and the payment process can often lead to issues that ripple through the system. In fact, 40% of Americans are confused by their medical bills, which often stems from complex billing systems and insurance coverages that...
CFPB Announced the Final Medical Debt Credit Reporting Rule: A Closer Look
On January 7, 2025, the Consumer Financial Protection Bureau (CFPB) made a historic decision to remove medical debt from consumer credit reports. This new rule is a game-changer, providing relief to millions of Americans who have struggled with the financial and...
Start 2025 Strong: Why Outsourcing A/R is a Must for Healthcare Providers
As we gear up for 2025, it's a great time for healthcare providers to focus on building a strong financial base. With everything from changing healthcare regulations to more patients coming through the door, it’s important to consider fresh ways to improve revenue...
Why Healthcare Providers Are Choosing Contingency-Based Collections for Overdue A/R
Managing overdue accounts receivable (A/R) in healthcare is a balancing act. Healthcare providers need cash flow to sustain operations while maintaining patient relationships and navigating complex insurance reimbursement processes. Traditional collection methods can...
Finish 2024 Strong: How Outsourcing Debt Collections Preps You for 2025
You know how crucial it is to keep your cash flow steady and stay on top of your accounts receivable (AR). But as your business grows and you get more customers, managing AR can get pretty tricky and time-consuming. That's when outsourcing your debt collections to a...
Navigating the Minefield of Debt Misinformation on Social Media
Imagine this: you're scrolling through TikTok, laughing at the latest dance video, when suddenly a video pops up promising to help you wipe out your debt with one simple trick. You’re intrigued, and you watch a self-proclaimed financial guru break down what seems like...