Southwest Recovery Services has expanded their specialized, HIPAA-compliant medical debt collection solution for healthcare providers. The service supports accounts receivable and regulatory compliance, allowing providers to focus on patient care while improving cash flow and operational efficiency.
-- Southwest Recovery Services (SWRS) has announced expansions to their medical debt collection services, seeking to address the problem of growing medical debt, estimated to be about $207 billion. The enhanced offering is designed to be HIPAA-compliant, addressing financial and regulatory demands as providers face complex billing and greater patient financial responsibility.
More information is available at https://www.swrecovery.com/industries/medical-and-healthcare-collections/.
Medical debt remains widespread, notes the team at SWRS, citing the KFF 'Diagnosis: Debt' project report from June 2022 that documented more than 100 million people in America (about 41% of adults) carry healthcare debt. This burden complicates revenue cycle performance and is a major contributor to financial instability for healthcare organizations.
Collecting past-due balances in-house is resource-intensive for many providers, diverting staff and budget from patient care. Outsourcing can improve cash flow and efficiency, but requires careful oversight of legal and privacy requirements.
Compliance with the Health Insurance Portability and Accountability Act (HIPAA) is central when handling protected health information, and SWRS services aim to maximize recovery without compromising compliance. Non-compliance can result in substantial penalties and reputational harm to medical practices, and healthcare providers benefit from partners that understand accounts receivable and privacy regulations.
Southwest Recovery Services professionals are trained in HIPAA requirements as part of a compliance-focused operational model. This model offers providers a structured way to resolve outstanding accounts receivable while remaining compliant with HIPAA and the Fair Debt Collection Practices Act (FDCPA).
Outsourcing medical debt collection can also help redeploy internal resources to core operations. As a specialized debt collection agency, SWRS has developed and deployed effective ways to improve recovery rates and cash flow. Because financial interactions affect patient relationships and return care decisions, SWRS manages collections professionally to resolve balances while supporting provider reputation.
Southwest Recovery Services is a nationally recognized debt collection and financial services agency headquartered in Dallas, Texas, with offices across Texas, Georgia, Missouri, Florida, Oklahoma, Ohio, and Colorado. Since 2004, the firm has provided first- and third-party collections, revenue cycle and accounts receivable management, consulting, skip tracing, and asset location. Operations adhere to FDCPA, CFPB, FCRA, HIPAA, bankruptcy laws, and applicable licensing and bonding.
To learn more, please visit https://www.swrecovery.com/
Contact Info:
Name: Steven Dietz
Email: Send Email
Organization: Southwest Recovery Services
Address: 16200 Addison Road Suite 260 , Addison, Texas 75001, United States
Phone: +1-866-584-0933
Website: https://www.swrecovery.com/
Source: PressCable
Release ID: 89174083
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