Outdated Hospital Billing Practices Present Challenge to Meeting New Debt Collection Rules

Under a new Consumer Financial Protection Bureau law that takes effect Nov. 30, debt collectors are required to provide people a clear description of the debt owed and to whom they owe it, as well as provide a debt validation notice. Debt collectors rely on their clients, like hospitals and medical providers, to provide this information.

According to the report, it likely will be harder for debt collectors who work with hospitals and physician offices to meet compliance with the centerpiece of the disclosure rule: the validation notice.

Source: https://www.beckershospitalreview.com/finance/outdated-hospital-billing-practices-present-challenge-to-meeting-new-debt-collection-rules.html