American Medical Collection Agency (AMCA) recently filed for Chapter 11 bankruptcy in wake of last year’s massive data breach that resulted in the theft of information from its clients, including Quest Diagnostics, LabCorp, and BioReference Laboratories. At least 20 million US citizens have been impacted by the security incident. In the aftermath of the breach, Quest and LabCorp, among other large clients, have suspended business with AMCA and the US medical bill and the debt collector has cut its staff from 113 to 25, highlighting the financial damage that can potentially be induced by data breaches.
US medical bill and debt collector American Medical Collection Agency (AMCA) has filed for bankruptcy protection in the aftermath of a disastrous data breach. AMCA was hacked last year in a time period estimated to be from August 1, 2018, to March 30, 2019, resulting in the theft of information from corporate clients including Quest Diagnostics, LabCorp, BioReference Laboratories, Carecentrix, and Sunrise Laboratories. The companies in question used AMCA's payment portal to bill their medical customers.