5 ms·
> Less than twenty percent of unpaid medical collections remain on consumer credit reports for longer than four years. This is pretty interesting. I wonder wha
by 8bitben 3y ago
> Less than twenty percent of unpaid medical collections remain on consumer credit reports for longer than four years.
This is pretty interesting. I wonder what other types of collections are 'forgotten' well before their allowed reporting limit?
- smt88 3y agoI don't think they're usually forgotten. I think they're most likely mistakes. Medical facilities are stunningly incompetent when it comes to billing.
- sidlls 3y agoBilling is incredibly complex, especially when insurance is involved. There only 68,000 ICD-10 codes, which will be what almost every care provider uses in billing. Providers notes supplement these (sometimes), but those aren’t always complete or accurate, and because every encounter has some unique elements it defies rigid finite classification.
- smt88 3y agoI was referring to their seeming inability to track or resolve payment issues in a reasonable amount of time.