NEWS: One way to collect debt - send it to auction
Patient Financial Services Weekly Advisor, June 4, 2008
Hospitals have long searched for ways to collect debt from patients, especially from the uninsured and underinsured. These days, they are turning to online auctions, the Wall Street Journal reports.
The hospitals are sending the debt to the auctions for collections agencies to bid. The winning bidders then turn to the patients to collect the money.
To read the full story by the Wall Street Journal, click here.
If your facility has sent debt to an online auction, we at PARC would love to hear about it. Send an e-mail to Dom Nicastro at dnicastro@hcpro.com.
Thanks!
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