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Medical debt no longer impacts credit scores. What does this mean for dentists and patients?
New U.S. regulations are making waves as medical debt is now removed from credit score calculations. Kevin and Teresa dive deep into what this monumental shift might mean for dentistry. With $49 billion in affected debt no longer lowering credit scores, patients may feel less compelled to pay their bills, leading to serious concerns for dental practices relying on payment compliance. They unpack what this change means for collections, explore how higher credit scores might affect third-party financing approvals, and the potential for patients to misuse these new rules. The effects on both patient accountability and dental office operations could be far-reaching—don’t miss this detailed breakdown of a game-changing development.
CFPB Finalizes Rule to Remove Medical Bills from Credit Reports
People pushing dentists to yank out healthy teeth due to high costs of dental care
Teresa's insurance class is open for business! Use code COT for $75 off. Our thanks to our loyal listeners 🙂
Dental Insurance Design and Management
While you’re clicking, have you checked out her membership Dental Revenue Network? Well, why not!
Dental Revenue Network for Dental Billers
Connect with Kevin:
Connect with Teresa:
**If you like the show then we’d appreciate a good rating. Tell your friends. Even podcasters ask for referrals!*
5
11 ratings
Medical debt no longer impacts credit scores. What does this mean for dentists and patients?
New U.S. regulations are making waves as medical debt is now removed from credit score calculations. Kevin and Teresa dive deep into what this monumental shift might mean for dentistry. With $49 billion in affected debt no longer lowering credit scores, patients may feel less compelled to pay their bills, leading to serious concerns for dental practices relying on payment compliance. They unpack what this change means for collections, explore how higher credit scores might affect third-party financing approvals, and the potential for patients to misuse these new rules. The effects on both patient accountability and dental office operations could be far-reaching—don’t miss this detailed breakdown of a game-changing development.
CFPB Finalizes Rule to Remove Medical Bills from Credit Reports
People pushing dentists to yank out healthy teeth due to high costs of dental care
Teresa's insurance class is open for business! Use code COT for $75 off. Our thanks to our loyal listeners 🙂
Dental Insurance Design and Management
While you’re clicking, have you checked out her membership Dental Revenue Network? Well, why not!
Dental Revenue Network for Dental Billers
Connect with Kevin:
Connect with Teresa:
**If you like the show then we’d appreciate a good rating. Tell your friends. Even podcasters ask for referrals!*
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