New wrinkle in healthcare

January 21, 2008

Have you been late on paying your medical bills? Well, hospitals may start refusing treatment based on your credit history.

A new medical bill payment reporting system, MedFICO, will be available for hospitals by the end of the year. It will compute for doctors and hospitals a patient’s ability to pay. Healthcare Analytics, a healthcare actuarial company, is developing the rating system in partnership Tenet Healthcare and credit scoring company Fair Issac.

Stephen Farber, who resigned as chief financial officer of Tenet in 2004, is the CEO of Healthcare Analytics.

Federal law mandates that no hospital can deny your emergency care. But if you need to have a MRI and have a few late payments on last medical emergency, you have to have to shop around for doctors that are ‘willing to take a chance’ on you paying them?

This will definitely impact the uninsured and their access to healthcare

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  • Anonymous January 21, 2008 at 5:46 pm

    I don’t think it’s “late” payments that are the issue at hand. It’s the folks that make no payment at all. Time after time, people go to the hospital for whatever reason and the don’t pay or even make an attempt to pay.

  • Anonymoose January 21, 2008 at 2:48 pm

    On one hand I would argue that by electing representatives who forced mandates on health care facilities and health insurance which drove up costs, that the people did it to themselves. On the other hand, people continue to elect representatives that do nothing other than take more control out of the industry and place it into the realm of government, which will continue to drive up costs.

  • Steve K January 21, 2008 at 1:41 pm

    Definitely time for a revolution. Choicepoint, Med Fico, Equifax, etc. ; all tools to help the super rich and powerful push the middle class further into the service class.