Fair Credit Billing Act Case Study

n Baltimore, Maryland theSt. Agnes Healthcarehad False Claims Act alleging that they submitted false claims to Medicare by billing for evaluation and management services at a higher reimbursement rate than the Federal healthcare programs allowed. They agreed to pay the United States $122,928 to resolve the claims under the False Claims Act. In June 2011, St. Agnes acquired a medical practice consisting of twelve cardiologists who were formerly members of MidAtlantic Cardiovascular Associates. The twelve cardiologists became employees of St. Agnes and continued to provide services to their patients through Maryland Cardiovascular Specialists, a specialty practice affiliated with St. Agnes. Medicare permits a higher rateof reimbursement

My grand mother had her identity stolen once. We found out the elderly are a common victim of identity theft. An entire year went by before she knew her identity was stolen and the only reason she found out was because she found out she was missing money from her account each month to the point that her mortgage payment was not being paid in full each month. She was under the impression the bank took care of everything, her husband was taking care of the finances but he passed away so everything started to unravel. Once she found out she owed the bank a lot of money toward her mortgage and was very behind on payments. She never found out who did it, had to get all new cards and numbers, and is still paying for it today.

The Federal Fair Credit Reporting Act (“FCRA”) provides borrowers with consumer rights and protections including the right to dispute inaccurate or incomplete information with the consumer-reporting agency or with the furnisher (Residential Credit Solutions, Inc.) directly. This law requires RCS to review the dispute including supporting evidence provided with the dispute. The furnisher must investigate the disputed information and provide its findings to the consumer-reporting agency or to the borrower.

Another good recomendation to know: if the patient has BCBS under the Medicaid program the good new is that Delaware only had Highmark Health Options (mcd) under BCBS if the Insurance description don't said Highmark Health option thats mean that the patient had MCD coverage out of the stated and we need to contact the payer directly just to make sure if we are participate with them.

I learned from our interview that there are three credit rating agencies, Experian, Equifax, and TransUnion. These agencies use a wide variety of information about every person to determine his or her “creditworthiness” from the perspective of banks and just about any other entity that might ever consider extending financial credit to a person. Generally, a good credit score means that lenders will be willing to let you open new accounts, borrow money, and give you the lowest interest rates on any loans. Conversely, a bad credit score means the exact opposite. I learned that every late payment of any kind is a negative mark on my credit score and that makes the credit card’s policy on late payments very important. I learned that the APR is the financing charge calculated as an average percentage of interest on any amount

The Consumer Financial Protection Bureau was created in 2010 as a response to the financial crisis of 2008. The government agency was established by the Dodd-Frank Act which President Barack Obama passed as a means of controlling and preventing excessive risk-taking ("Wall Street Reform: The Dodd-Frank Act"). The financial crisis occurred in part because of the limited regulation of financial institutions and the wave of irresponsible mortgage lending (The Economist). Subprime borrowers with poor credit histories and insufficient funds for repaying the loans were allowed to borrow money which they could not pay back, thus in turn initiating a nationwide housing market crash (The Economist). Many of these borrowers were granted these loans because of the poor judgement of banks and financial institutions, thus the government needed to create an institution which would protect consumers against unfair and deceptive practices. The mission of the Consumer Financial Protection Bureau is just that-to protect consumers in the financial marketplace by enforcing federal consumer financial laws (CFPB, 2016). In order to achieve this, the bureau monitors the financial market for potential risks to consumers and supervises companies in order to uncover institutions practicing abusive and fraudulent acts. Developing laws to create a fair market place is a top priority of the bureau, as it works to enforce these rules and regulations and make them more effective. The agency also conducts

As you are aware Jessica Arras has been communicating with Tammy in your office regarding Mr. Stephenson’s billing. After a few revisions Tammy faxed to our office what is to be Mr. Stephenson’s final billing for treatment rendered 10/13/14 to 9/15/15. The total amount billed was $7,415.25, due to the inconsistence in the invoices provided I input the number into excel and the total amount billed is correct. However, I subtracted $37.25, which was billed on 2/20/15 for records and previously paid by Mr. McDonnell’s office on 2/15/15 (please see the attached check). Thus making the total amount billed $7,378.00. Mr. Stephenson’s medpay paid your office directly for service in the amount of $1,890.94 and Mr. Stephenson endorsed a medpay

The law that Glen violated is the Fair Debt Collection Practice Act. This act applies only to specialized debt-collection agencies who regularly attempt to collect debts on behalf of someone else. Creditors trying to collect debts are not covered by the Act unless, by misrepresenting themselves, they cause the debtors to believe that they are collection agencies. Since Glen is misrepresenting himself as Flocka Collection Agency, he is subject to act in accordance of the FDCPA. The first way he violated the law was by calling at 3:00 a.m. The FDCPA prohibits contacting the debtor at inconvenient or unusual times. Glen breach this by calling Patrick at on a Monday morning at 3:00 a.m which is an odd time. The FDCPA also prohibits harassment or

When President Obama signed the Credit Card Act of 2009, this put an age limit on people getting a credit card till the age of 21 years and I think this is a genius idea. This bill was had to be passed to protect young teenagers from being exploited by the credit card companies. Before this act a teenager could get a card and buy everything they wanted for example the new jordans or nike shirts like everybody else who can afford it, but most teenagers “Know little to nothing about managing money”(CreditDonkey). This means most teens would spend money that they do not have so the credit card companies can charge them interest rates and put teens into debt. With this Credit Card Act in place a teenager can still get

1. Late or missed payments in loans or credit cards: lenders look at you pattern of payments and count continual late payments very seriously against you. The reason is simple; they see that you may not be responsible for making timely payments or that you are living above your means.

examination fee when payments are late or below the amount owed. Always make sure to pay your bills on time, even if you only make the minimum payment, which is the best way to avoid late fees. Some companies may also charge a transaction, if the transaction is carried out with a line of credit, although it is stated in the contract when it is defined.

The controversy between cash and credit is something that needs to be addressed. The differences between using cash and credit cards for making purchases varies depending on the type of person. Many people believe that credit cards are a better choice between the two. Credit cards offer more protection, more benefits, and simpler ways of managing expenses compared to cash.

You are correct, background checks are imperative and must be conducted; failing to do so I a liability on companies and can make them an easy target for lawsuits. In my opinion employees working in finance, banking, and dealing with money should not only have a background check for also a credit check as well. According to The Fair Credit Act each state have different laws for checking potential employees credit but I think it should be necessary for anyone working in finance and not everyone one (Bernardin & Russell, 2013).

I am writing to dispute a billing error on my account in the amount of $96.54. I believe the amount is inaccurate because according to my insurance Explanation of Benefits forms, I have a paid the amount allowed for this procedure. I am requesting that the error be corrected and that I receive an accurate statement.

The credit card processor electronically routes it through the network (Visa or MasterCard) and the network earns an Access Fee (Visa @.0925% and MasterCard