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Despite the generous financial assistance programs, many patients are experiencing financial hardship. Healthcare organizations can write off patients’ medical debt, however this does not always remove them from patient credit reports. Our debt abolishment model ensures medical debt is permanently relieved so patients can live with peace of mind again.
RIP’s financial hardship criteria for medical debt abolishment are as follows: Low Income: The patient’s (or guarantor’s) household income is at or below 200% of the current federal poverty guidelines
Millions of Americans are struggling to meet the ever-increasing medical expenses, as high deductible health insurance plans become more common. Medical debt keeps families anchored in financial hardship. With our help, medical debt can be permanently abolished, freeing millions of families from emotional and financial distress.
RIP Medical Debt is not a debt buyer – it is a Debt Abolisher.
We apply some of the same administrative techniques that are used by commercial debt buyers, but that’s where the similarities end.
Working with RIP Medical Debt is beneficial for all recipients, donors, and provider partners alike.
RIP raises funds donated by individuals, faith-based organizations, foundations, corporations, and others. We use these donations to buy large bundles of medical debt and then relieve that debt with no tax consequences.
So how do we determine which portfolios to buy?