Hospital emergency rooms demand debt payment before care

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April 24, 2012 Debt Collector Is Faulted for Tough Tactics in Hospitals By JESSICA SILVER-GREENBERG Article courtesy of New York Times- server error did cause copyright information to be missing. Hospital patients waiting in an emergency room or convalescing after surgery are being confronted by an unexpected visitor: a debt collector at bedside. This and other aggressive tactics by one of the nation’s largest collectors of medical debts, Accretive Health, were revealed on Tuesday by the Minnesota attorney general, raising concerns that such practices have become common at hospitals across the country. The tactics, like embedding debt collectors as employees in emergency rooms and demanding that patients pay before receiving treatment, were outlined in hundreds of company documents released by the attorney general. And they cast a spotlight on the increasingly desperate strategies among hospitals to recoup payments as their unpaid debts mount. To patients, the debt collectors … [Read more...]

FDIC shuts banks in Georgia and Minnesota, DC Troubled Banks, and One in Three Unbanked

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The number of DC banks on the unofficial FDIC Troubled Bank List remains steady at eight. The unofficial version of the FDIC Troubled Bank list can be found at the calculatedriskblog.com. The FDIC did shutdown two banks in Georgia and Minnesota. The two bank failures this Friday did bring the number of failures for 2012 to 11 in comparison to 23 at the same time in 2011. The closing of the bank in Georgia is after four Georgia banks came under FDIC scrutiny in February. The FDIC did find a buyer for the Georgia bank, but no buyer was found for the bank in Minnesota. The FDIC will cut checks to these customers for the amount of the insured funds. In the world of the unbanked, 30 million consumers are unable to obtain mainstream checking or account services due to bank sharing information like Chex Systems and Credit Bureau Reporting for delinquent checking accounts. Meredith Whitney is analyst of banking institutions, and her recent remarks show the number of unbanked customers in … [Read more...]

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