Welcome to Credit Management Company's blog dedicated to our healthcare partners! As a full service A/R and collection agency, we strive to provide you with insight into our company and culture; while keeping you abreast of industry trends and our technology advancements. Information provided should not be construed as legal advice. Please enjoy and thank you for your patronage - the CMC Management Team



Tuesday, November 16, 2010

Breast Cancer Awareness Fundraiser

The Fight Against Breast Cancer
Since 2005, the staff at CMC has come together to help raise money for the fight against breast cancer.  This year a momentous slide show was created by Brandy Swartzwelder, Marketing Coordinator, in honor of those years and the fundraising themes behind them.

Monday, November 15, 2010

Consumer Spending

Consumer Expenditure Survey, 2009
Statistics concerning U.S. consumer expenditures by household size was released by the U.S. Bureau of Labor Statistics.  Healthcare rose 5% in 2009, which was the only increase in the major spending components.

U.S. Consumer Expeniture Statistics for 2009

Health Care Spending 1998, 2003, and 2008

Halloween Festivities

Halloween 2010
Each year CMC hosts a Halloween contest to add some fun on this work day.  Pictured below are some of the contestants from this year and include two of our Managers:  Jeff "Uncle Fester" Tomchik, Collection Manager, and Ron "Zombie" Groppe, Training and Development Manager.

Health Care Reform's Impact on Medical Receivables

Early Health Care Reform Mandates Likely to Increase Medical Receivables Balances
Workers will see their out-of-pocket share of health coverage increase rapidly, due in part to the economy and in part to health care reform mandates. Medical ARM firms will see more receivables as a result.
article

HITECH Act Notificaton

Breach Notification Rule
Interim final breach notification regulations, issued in August 2009, implement section 13402 of the Health Information Technology for Economic and Clinical Health (HITECH) Act by requiring HIPAA covered entities and their business associates to provide notification following a breach of unsecured protected health information. Similar breach notification provisions implemented and enforced by the Federal Trade Commission (FTC), apply to vendors of personal health records and their third party service providers, pursuant to section 13407 of the HITECH Act.

Breach Notification Regulation History

Breach Notification Guidance

Breach Notification Requirements and Burden of Proof

Charlie's Life Outside CMC

Staff Hobbies
Charlie O'Hare, VP of Operations, drove his latest completed project to work - a Chevrolet Corvair Greenbrier!  When he is not at CMC or spending time with family, he spends most of his spare time restoring old Corvairs.  This restoration took well over a year. . .

Thursday, August 19, 2010

Collection Staff Training

Training
Training is essential to the success of any organization.  It was written by Brett Silvis from Intelitech, one of our business partners in collections.
Training Article