Missed payments. Billings made in error. Bills in collection, resulting in only partial payments or none at all. The Consumer Financial Protection Bureau shared data last week that 15% of complaints made by consumers were about debt collection tied to allegedly unpaid medical bills, which...
The Consumer Financial Protection Bureau (CFPB) has begun a rulemaking process aimed at removing medical bills from Americans’ credit reports. This move is intended to provide financial relief to families dealing with medical crises, prevent debt collectors from pressuring individuals into paying potentially inaccurate bills, and ensure...
Truemed, a firm that aims to help individuals use their tax-free health savings accounts (HSAs) or flexible spending accounts (FSAs) for healthy food, exercise and supplements, publicly launched Monday (Sept. 18). Merchants have already managed $3 billion of gross merchandise volume (GMV) through the platform,...
Medical debt and payments plans are increasingly scrutinized by the Consumer Financial Protection Bureau, the White House and regulators. But the data shows that consumers want those options when it comes time to ensure they get the care they need. To that end, the CFPB...
Masks and restrictions may be gone, but changes wrought by the pandemic are here to stay, and they’re continuing to evolve into other areas of healthcare — like wellness — and consumers need ways of paying for such services, which are usually not covered by...
PatientFi now enables aesthetics practices to offer patients annual treatment plans with monthly payments. With the firm’s new Privi membership platform, practices can build annual beauty memberships that include neurotoxin, filler, skincare, body treatments and other aesthetic treatment and allow patients to pay monthly, PatientFi...
Three credit reporting agencies have taken another step in removing medical collection tradelines from credit reports. Equifax, Experian and TransUnion have removed medical collections debt with an initial reported balance of under $500 from U.S. consumer credit reports, the three credit reporting agencies said Tuesday...
Elective dental procedures represent a $165 billion industry — on its way to $230 billion in the next few years. And that’s in the U.S. alone. As we all get older and come out of the pandemic, we’re reexamining the cosmetic and other procedures that...
The digital healthcare arena continues transforming healthcare delivery while broadening access for patients. This, as health technology company and insurance platform Oscar Health told investors on Thursday’s (Feb. 9) fourth quarter 2022 earnings call that its membership numbers for the year rose to a record...
