The healthcare sector is unfortunately facing a fair share of adversity and one-sided rulemaking at the state and federal level. One of the results is devaluation of assets and degradation of property rights.
In this month’s newsletter, Cascade365’s General Counsel, Shaun Ertischek, details some of these policy changes as they relate to healthcare debt collections (and the underlying right of healthcare providers to seek and receive payment on patient balance accounts receivable).
Please reach out if you would like to discuss how to best navigate these choppy, unsettled waters, ensuring compliance with applicable laws and best in class patient-guarantor experience while also maximizing liquidations.
Regards,
Cascade365: “Thriving in a Highly Regulated Environment”
By: Shaun Ertischek, Chief Compliance Officer and General Counsel
Medical debt collection has become a trending topic among state legislatures and federal regulators alike. New legislation and regulations are systematically eroding asset value for healthcare providers. In the past year, we have seen California, Maryland, Nevada, and New Mexico enact new laws. Colorado and New York appear to be on the path to do so as well. To add insult to injury, the Consumer Financial Protection Bureau (CFPB) continues to aggressively focus on medical debt as well…
The Cascade365 Family of Companies has completed all requirements to become SOC 2 Compliant
PETALUMA, Calif. — The Cascade365 Family of Companies is pleased to announce the completion of all SOC 2 audit requirements and the attainment of the standard for service organizations, developed by the American Institute of CPAs (AICPA), which specifies how organizations should manage and safeguard customer data…
Rising temperatures and feeble diet did not stop Cascade’s Tempe office from celebrating Cinco de Mayo with a potluck.
Everyone enjoyed delicious Mexican dishes including mini chimis, enchilada, chips and salsa, cilantro rice, chicken taco, quesadillas, shredded chicken, ribs, samosa, leche flan, and tres leches.
The Cascade365 Family of Companies is a brand identity representing a family of companies focused on the responsible liquidation of accounts receivable. Headquartered in the San Francisco Bay Area, Cascade365 is a recognized leaders in the accounts receivable management, revenue cycle and specialty finance industries. Cascade365 offers healthcare providers and consumer lenders immediate and ongoing liquidity by purchasing distressed accounts receivable outright or managing them for a fee.
.jpg "Cascade365 Pulse – May 2022 1")
.jpg "Cascade365 Pulse – May 2022 2")
.png "Cascade365 Pulse – May 2022 11")
