Healthcare debt mitigation has far-reaching implications for physicians and their practices. In recent years, the ever-increasing cost of healthcare has resulted in significant financial pressures and challenges for medical professionals. The consequences of this debt are often felt not only by physicians and their practices but also by vulnerable patients who struggle to access care.
This week the Consumer Financial Protection Bureau (CFPB) will present its semi-annual report to Congress, having recently released its annual report on Fair Debt Collection Practices, focusing specifically on medical debt collection. Mark Isenberg, EVP of Healthcare Advocacy at Zotec Partners, explores the many facets of healthcare debt mitigation in order to gain a deeper understanding of its impact on the healthcare industry as a whole.
Read “The Downside of Healthcare Debt Mitigation,” Op-Ed here.
Listen to the Zotec Answers podcast on this topic here.