As patients continue to pick up more of the financial responsibility for their healthcare expenses, healthcare providers are increasingly offering innovative payment options to help patients bridge that financial gap. At the same time, regulatory agencies and plaintiffs’ lawyers are increasingly focused on issues related to consumer accounts, disclosures, servicing, collections, and privacy. As Congress works to protect consumers from unfair credit practices, medical facilities risk being caught in the crossfire. Many providers are exposing themselves to increasing levels of regulation, risk, and potential penalties.
This important webinar, co-hosted by legal and compliance experts, identifies potential risks, explains the new consumer finance environment, and describes what healthcare organizations need to do to protect themselves.
In today’s economic environment, federal and state regulatory authorities have brought new levels of scrutiny into the enforcement of consumer credit practices in many industries – and healthcare providers are no exception. At the same time, many healthcare providers are offering extended payment options either internally or through early-out or collections vendors to help patients meet their increasing financial obligations. In the process, these providers are exposing themselves to increasing levels of regulation, risk, and potential penalties.
If you answer “yes” to any of these questions, you could be at risk.