CMW News: Hospitals auctioning off debt
Case Management Weekly, June 11, 2008
Want to receive articles like this one in your inbox? Subscribe to Case Management Weekly!
In an effort to collect unpaid medical bills, some hospitals are auctioning off their patients’ debt online.
Auctioning off the debt online creates a bigger pool of bidders, which can include the same collection agencies the hospitals normally work with in addition to other professional debt firms. When purchasing the debt, many firms and agencies guarantee the hospital will receive payment. That, along with the fact that auctions can increase the amount paid for debt, has some experts arguing that the agencies that purchase the debt will be more aggressive when trying to collect the payments.
This is one of many tactics some hospitals are employing to collect payment from the uninsured and underinsured. Two of the Web sites commonly used for hospital auctions, according to The Wall Street Journal, are http://arxchange.com/ and https://medipent.com/.
Sources: California Healthline and The Wall Street Journal
Want to receive articles like this one in your inbox? Subscribe to Case Management Weekly!
Comments
0 comments on “CMW News: Hospitals auctioning off debt ”
Related Products
-
Case Management Weekly
Case Management Weekly is a free e-mail newsletter that offers news, resources, and Q&As to help case managers from all...
-
Case Management Monthly
This newsletter offers case studies, best practices, and how-to analysis to help case managers move patients through the...
Most Popular
- Articles
-
- HIPAA Q&A: Level of encryption needed for email
- Q&A: Acute respiratory failure diagnosis does not require intubation
- Featured blog post: Nurses face felony charges after reporting physician to the Texas Medical Board
- HIPAA Q&A: TPO disclosures to a business associate
- What does case-mix index mean to you?
- Capturing all necessary codes for IUD insertion and removal can be challenging
- Topic: CMS, OESS post new security compliance review information, checklist
- Identify potential Medicaid RAC target areas
- Q/A: Coding infusions to correct low potassium levels
- OB services: Coding inside and outside of the package
- E-mailed
-
- HIPAA Q&A: Level of encryption needed for email
- Q&A: Acute respiratory failure diagnosis does not require intubation
- Featured blog post: Nurses face felony charges after reporting physician to the Texas Medical Board
- Q/A: Coding infusions to correct low potassium levels
- CMS has reformulated payments for some bilateral procedures
- Oxygen Cylinder Storage Requirements
- Q&A: Follow CMS' coding guidelines when using modifier -25
- Hospitals are not bound by InterQual criteria for determining patient status
- Q/A: New code for image-guided minimally invasive lumbar decompression
- Understand the spine to code back procedures correctly
- Searched