Hospital Blog Archive - RIP Medical Debt

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Financial Assistance Policies Still Leave Patients With Medical Debt, RIP Can Help With That.

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.

Defining Financial Hardship and Who Gets Debt Relief

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

Why Medical Debt Is A Problem

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.

How is RIP Different From Commercial Debt Buyers?

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.

How Partnering With RIP Can Benefit You

Working with RIP Medical Debt is beneficial for all recipients, donors, and provider partners alike.

How RIP Medical Debt Works

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?