Regardless of the industry you are in, if you are reporting consumer account information, the Section 312 of the Fair and Accurate Credit Transactions Act applies to you.  Healthcare Industry data furnishers are required to be just as vigilant about the accuracy and integrity of the consumer information reported to the credit bureaus as banks, credit unions and other lenders.  Can you state with certainty your data reporting policies and procedures is in compliance?

The risks of Credit Reporting are hard enough for the experienced financial institution to navigate, however, there are additional nuances to Medical reporting and collections that challenge even the most experienced data reporting specialists.  CBSC can get you started with both an accurate Credit Reporting program and compliant data auditing process.  Let CBSC start you off on the right track, and keep you there!

Not reporting yet but interested in reaping the benefits? The requirements of the different sections of the FACT Act may seem to be tightening the rope around the Healthcare Industry’s neck, but the benefits of reporting medical debt outweigh the costs.  Accurate Credit Bureau Reporting saves you time and money by getting your debtors to come to you!

What CBSC can do for Healthcare Industry data furnishers - FACTA 312 Compliance Consulting Services