While we may have some temporary relief from the federal government’s nationwide ban on credit reporting, we now face concerning legislation in Nevada that could significantly impact both collections and you as a provider.
A.B. 204 aims to ban medical debt from credit reporting. It would require you to wait six months before assigning a debt to collections and mandate that you first send a notice informing the patient of the assignment. These restrictions could have devastating consequences for you as a healthcare provider, making it harder to recover unpaid balances and potentially increasing costs for all patients.
Additionally, S.B. 142 seeks to limit the amount that can be collected through wage attachment. This legislation would have far-reaching negative consequences—not only for medical providers but, ironically, the very consumers it intends to protect. Lower collection amounts reduce recovery rates. Furthermore, S.B. 142 would extend repayment timelines, leading to increased interest and a larger financial burden for patients, ultimately making it more difficult for them to resolve their debts.
Both bills could result in higher costs and reduced credit access for patients and providers alike.
We strongly encourage you to act. Please contact your State Representative. Call the Governor’s office at (775) 684-5670 or email the Labor and Commerce Committee at AsmCL@asm.state.nv.us to voice your opposition to these bills.
At NBF, we have always said we are a resilient and strong agency—and we continue to prove it. Last month, our incredible team of collectors pushed hard and achieved the company goal for the first time in three years. This milestone is a testament to our dedication, perseverance, and unwavering commitment to excellence. Just as we dedicated ourselves to achieving this goal, we are equally committed to serving you, our valued clients. Your success is our priority, and we are ready to deliver outstanding results!
Remember if you have any questions, we are here to assist you with those answers. Please reach out if you have any.
NBF is currently hiring! Client Service Center Representative, Collection Analyst, Client Outsource Representative. Referrals are welcome. Please have applicants call our HR Department at (775)267-6051. Applications may be found under the “About Us” tab at www.thenbfgroup.com Submit via email to destiny@nbfact.com or in person.
Thank you,
Liesl Barkley and Management Teams
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