RevCycle

AUGUST 23, 2023

The Hospital Price Transparency Rule was enacted in 2021 with the goal of making hospital prices more transparent for patients. The rule requires hospitals to post their standard charges, negotiated rates, and cash prices for 300 common services online in a machine-readable format. However, more than two years after the rule went into effect, many hospitals are still not in compliance.

Insurance Companies 239

Insurance Companies 239

RevCycle

JULY 26, 2023

The cost of healthcare in the United States is a major financial burden for many people. In fact, medical debt is the leading cause of personal bankruptcy in the country. In recent years, there has been a growing trend of medical debt credit cards being offered to patients. These cards allow patients to finance their medical bills, but they often come with high interest rates and fees.

Collector 223

Collector Credit and Collections Medical Billing Debt Collections 223

RevCycle

JUNE 15, 2023

What is an ASC? An ambulatory surgery center (ASC) is a healthcare facility that provides same-day, outpatient surgical care. ASCs are typically freestanding facilities, meaning they are not found within a hospital. They are staffed by a team of surgeons, nurses, and other healthcare professionals who provide high-quality, cost-effective care. ASCs offer a variety of surgical procedures, including: Cataract surgery Ear, nose, and throat procedures General surgery procedures Gynecological procedu

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RevCycle

FEBRUARY 5, 2021

I have been part of the RevCycle team for a little over a year not and have enjoyed every minute of it. They provided me with all the tools and training I needed to succeed and feel comfortable working in this new environment. Since joining the team, I have had the opportunity to advance my knowledge and continue to grow in my role. I look forward to more opportunities in the future!

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RevCycle

FEBRUARY 5, 2021

I have been employed by RevCycle for 5 years and it isn’t just a job, it is a place I go every day to be with people who are more like family than coworkers. A lot of times at a job you hear the reference “I am just another number” not at RevCycle! Here you really do feel like you belong! The training that you will receive at RevCycle is beyond excellent, they want all their employees to excel and thrive in their position.

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RevCycle

FEBRUARY 5, 2021

For the past 21 years I have worked for RevCycle, starting as a Professional Collection Specialist in 1999 and then moving into the production Training Specialist role in 2006. I have thoroughly enjoyed my years with this company and have never looked back on my decision to work here. When people say to me, “I cannot believe that you are a debt collector!

Collector 100

Collector 100

RevCycle

FEBRUARY 5, 2021

RevCycle is an organization that without a doubt has the very best interest of its employees at heart. Following already being with the company for 2 years and completing my college education, the organization took a chance on me and offered me a position in my field of study. Like myself, many others have been given similar opportunities. As they truly do want to see their employees flourish in a position that suits them best.

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RevCycle

FEBRUARY 16, 2021

The role of a manager is to support employees—and that includes supporting their mental health. As we move into the new normal following the COVID-19 pandemic , that will be especially true for healthcare staff management. Not only were healthcare staff on the front lines of the pandemic, they had to adapt to the rapid adoption of new modalities and technologies, such as automated workflows, digital communication, and telehealth.

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RevCycle

APRIL 5, 2021

It has now been over a year since COVID-19 arrived in the U.S., wreaking havoc on healthcare’s already thin margins while creating new financial pressure. As early as March 2020, hospital revenue streams began taking a huge hit due to the cancellation of elective procedures, which along with increased costs had a significantly negative impact on the industry’s credit outlook.

Law Firms 130

Law Firms Credit and Collections 130

RevCycle

MAY 14, 2021

Regulation F and the CFPB commentary are over 900 pages of regulatory changes to everyday operational matters faced by the debt collection industry. Our team has spent months reviewing Regulation F for the purposes of implementing adjustments to our processes (you can learn about our organizational structure including Alliance Collection Agencies here ).

Collector 130

Collector Debt Collections Credit and Collections 130

RevCycle

JULY 6, 2021

Healthcare consumerism and patient responsibility have seen a coinciding rise over the last decade plus. The COVID-19 pandemic served to exacerbate the difficulties many patients face with their out-of-pocket balances. The following excerpt is from a recent Forbes article : “ According to interviews AccessOne conducted with 47 healthcare billing executives, 43% of providers reported increases in patient requests for payment plans even as hospitals face their own financial struggles, and 40% repo

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Bad Debt Payment Portals Credit and Collections Default 130

RevCycle

MAY 31, 2022

The COVID 19 pandemic has exacerbated the effects of what was already a demanding industry to work, making staffing even more difficult. For example, 60 – 75% of clinicians report symptoms of exhaustion, depression, sleep disorders, and PTSD; while nurses are equally stressed, said Dr. Victor Dzau (President of the National Academy of Medicine). These are jarring figures on a human level.

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Bad Debt Debt Collections 130

RevCycle

JULY 20, 2022

Make no mistake, the healthcare industry is rife for new entries across a wide span of verticals and corporate America has taken note. This is due to the cost burden crushing consumers and employers alike; and is a natural extension of the increased consumerism patients have been exhibiting for years. The image below does a great job highlighting just what makes the marketplace so appealing to the largest corporations: Image Source: CBINSIGHTS, “The Big Tech in H

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Bad Debt Debt Collections 130