Challenges in Medical Billing Debt Collection

The medical debt industry has observed an upward trajectory, especially in the US, for the past couple of years, with reports suggesting that around 14 million people owe a debt of over $1000. With the recent wave of inflation and the economic instability that has seemingly impacted the whole world, healthcare service providers have encountered increasing medical debt collection challenges daily.

Understanding the Medical Billing Debt Collection Process

With medical billings skyrocketing in the past few years, consumers are left with no choice but to comply with such expenses. Even through means such as insurance companies or credit services that can somewhat help the consumers, reports show that people in the US alone owe around $220 Billion in medical debt.