This month we are highlighting the Consumer Protection for Medical Debt Collections Act which is being sponsored by U.S. Rep. Rashida Tlaib, D-Mich and should be coming up for a vote early this year. H.R. 5330 is important to our medical clients for two very specific reasons. First, it would limit any medical account from going into collections for two full years. If that isn’t enough to worry you, H.R. 5330 would also eliminate your ability (and our ability) from reporting any medical account to the credit bureaus for one full year.
Applied Recovery Science Blog: Discussing Tools, Technologies and Techniques used in Revenue Cycle Management, Medical Billing, Billing Management, Collections, Debt Recovery, Call Centers and more.
For over fifty years, Simon’s Agency has been collecting its clients’ money by using a mix of creativity, technical know-how and one very consistent model for paying its clients.
Do you know how many new sales are required to offset a loss? Whether that’s surgeries, subscriptions or sofas you need to sell, it can be eye-opening when you figure out just how much you’ll have to do in order to recoup your losses.
Simon’s Agency has spent the last fifteen years continually implementing strategies that will help us grow and improve our operations as a whole. Each and every part of our process is analyzed and enhanced in order to confront both the newest challenges as well as the age-old ones that require a constant dedication to improvement. This is why we generally double the national average collection success rate across all sectors of healthcare providers.*
Over the last decade as Simon’s Agency has grown into a highly successful collection agency, we have prided ourselves on how often we hire first-time collectors as opposed to “seasoned,” lifelong debt collectors. While we have certainly required collection experience for our managers and supervisors, our Level 1 and Level 2 agents have more often than not come to us with little to no collection experience and there is a very important reason for this.