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Medical Debt: “The Debt of Necessity” – A Current U.S. Picture from the CFPB

Jane Sarashon

consumer credit rating companies — Equifax, Experian and TransUnion — planned to remove medical bill collections that were under $500 from consumers’ credit reports. From the start, CFPB has been monitoring medical debt along with other forms of household debt — student loans, mortgages, credit cards, and so on.

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The Patient as Consumer and Payer – A Focus on Financial Stress and Wellbeing

Jane Sarashon

Add on top of these significant stressors the need to deal with medical bills, which is another source of stress for millions of patients in America. told the Gallup Poll in April 2022 that their financial situation has eroded in the past year, up to 1 in 2 people which is a statistic we haven’t seen since the Great Recession of 2008.

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OCR Announces 11 Further Financial Penalties for HIPAA Right of Access Failures

HIPAA Journal

Two cases involved the withholding of a patient’s medical records due to outstanding medical bills. A patient’s right to obtain a copy of their medical records is not conditional on whether payment for medical services has been made in full. Danbury Psychiatric Consultants. Settlement. Untimely Access.

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How COVID-19 is Hurting Americans’ Home Economics in 2020

Health Populi

With most Americans living paycheck to paycheck, lacking sufficient savings or liquidity to cover emergency expenses (beyond the emergency room in a hospital), fewer people can now pay a $500 medical bill, KFF found. This, when U.S.

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The Unbearable Heaviness of Inflation: Will Consumers’ Financial Stress Erode Their Health?

Jane Sarashon

An hour after the Morning Consult session, I brainstormed the topic of consumers-as-payers of medical bills and prescription drugs with GoodRx strategy leaders. emerged from the Great Recession of 2008.

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Inflation is Here. Why Deflationary Healthcare is Our Best Bet??

HIT Consultant

This is especially troubling with medical bills, which the American Bankruptcy Institute cites as the number one cause of bankruptcy in the U.S.????. Yonatan Adiri is the founder and CEO of Healthy.io, the global leader providing platforms and services that transform the smartphone camera into a medical device.?Previously,

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What Are The Current Regulatory Changes And Compliance Requirements That ASCs Need To Be Aware Of In Their Billing Practices?

Healthcare IT Today

Medicare Payment Resources CMS implemented an Ambulatory Payment Classification-based payment methodology in 2008. ASC billing teams are informed and compliant. Visit the Medicare payment resources page on the ASCA website to learn about the changes that CMS has made to the payment system and ensure that your ASC is paid appropriately.