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ClearBalance® Insights on CFPB’s Final Rule on Medical Debt Reporting
On January 10, 2025, the Consumer Financial Protection Bureau (CFPB) finalized a historic rule set to remove $49 billion in medical debt from credit reports, influencing the lives of approximately 15 million Americans. This pivotal decision ensures that medical bills will no longer appear on credit reports or be factored into lenders’ decisions. This step…
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Leveraging Recourse Patient Financing: A Strategy for Strengthening Healthcare Organizations’ Financial Performance, Compliance, and Patient Experience
ClearBalance Healthcare examines a crucial choice for healthcare providers in patient financing: opting for non-recourse versus recourse options. While both aim to ease the financial burdens of patient care, they differ significantly in risk and revenue management.
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