We're living in a time where we have access to more information than ever. We can research anything we want, at any time, from anywhere. This has led to an influx of data educating healthcare consumers to become information-savvy with more expectations and evolved...
RECENT POSTS
Capital Recovery Blog
RECENT POSTS
Capital Recovery Blog
Three Statistics That Show How Medical Bills Affect American Families
The economic realities facing American families have become more challenging in recent years, with increasing unemployment and slow income growth potential. To make matters worse, the issues of healthcare coverage and medical bills are becoming a leading cause of...
What is the Role of Private Collections Agencies?
Private collection agencies (PCAs) are a big part of the debt collection industry and play an essential role in helping creditors recover their money. Businesses or government organizations can use these agencies to collect past-due payments from their customers. ...
100 Million Americans Have Medical Debt (And Other Medical Debt Statistics)
Medical bills in the United States are one of the leading causes of bankruptcies. According to the Kaiser Family Foundation, 100 million adults in the United States owe healthcare debts. 50% of Americans can't afford to pay healthcare bills without incurring debts,...
Trends in Outsourcing Debt Collection: Part Two
Outsourcing debt collections is a practice that has been gaining momentum among creditors lately. The benefits of this approach are numerous: improved customer experience, cost savings, time savings and most of all, better recovery rates. Not to mention the...
Trends in Outsourcing Debt Collection: Part One
The debt collections industry is evolving at a rapid pace, with revenues standing at $14.99 billion in the US and expected to hit $16.7 billion by 2025. Several factors are responsible for this, including the emergence of new debt collection regulations and changing...
How COVID-19 Has Impacted Debt by Population Segment
The way people approach debt has changed dramatically ever since COVID-19 hit — and so have their financial priorities. With layoffs, pay cuts, and furloughs adding to the mounting debt, many people have been hit financially for the last two years. So how are each...
Changes in Medical Debt and Credit Reporting: What Your Practice Needs to Know
If you’re a doctor, you know that the world of medical billing is complicated. It’s hard enough to keep track of all the details of your patients’ insurance coverage, but now there are also new rules about how medical debt shows up on credit reports. What does this...
What Collection Methods Work Best for Collections Agencies?
Debt collection can be complicated, especially when dealing with a large customer base. You have to make sure you're treating everyone fairly and equally — but that's easier said than done. At times, collecting debts can even be extremely tedious and challenging. ...
