More hospitals are selling uncollectible bad debt to companies that specialize in those efforts. Such debt sales, while only for a small percentage of the value of the original amount owed, bring a large check to a facility and clear long-standing debt off an organization’s ledgers. more»

Hospitals are seeing an increase in self-paying customers, increasing the stakes for collections and holding the potential to increase days in accounts receivable. A panel of collection managers from hospitals, speaking at the recent Leadership Summit on Revenue Cycle Innovations in Chicago in late September, said their data indicates more patients are shouldering larger portions of their medical expenses. more»