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Maintaining Compliance: What You Should Watch

Part of managing accounts receivable at a medical facility is maintaining rapport with patients. It’s always a priority to close the revenue cycle, but there may be situations in which this becomes difficult. In these cases, ensuring patient satisfaction becomes more difficult in its turn. Add in that the Consumer Financial Protection Bureau (CFPB) requires that businesses maintain compliance in a number of areas, collecting due payment becomes a more complicated situation. Here are a few ways your medical institution can ensure accounts receivable partners are remaining compliant with the CFPB without estranging already stressed-out patients. Continue reading Maintaining Compliance: What You Should Watch