Credit Bureau Reporting of Medical debt is a challenge under the best of circumstances, and now with   FACTA 312 in play, healthcare finance and collections companies have more compliance to deal with.

CBSC can bring your credit bureau reporting program into compliance without skipping a beat.

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 and the effectiveness of their Disputes processes 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 regulatory requirements of Credit Bureau Reporting and Disputes may seem to be tightening the rope around the Healthcare Industry’s neck, but the benefits of accurattely reporting medical debt still 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 -Credit Bureau Compliance Consulting