Provider Blog
Navigating Medical Debt Responsibly Can Create Better Health Outcomes for Communities
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
Helping Hospitals and Providers Overcome Unprecedented Challenges
Join Our Fight to End America’s Medical Debt Problem Hospitals and health systems face a tsunami of challenges that hinder their ability to provide patients with an affordable healthcare experience. As providers across the country struggle to help their patients navigate the financial complexities of America’s healthcare system, it is important to understand factors that exacerbate America’s medical debt issue. Stacey Hughes, the Executive Vice President for Government Relations and Public Policy with the American Hospitals Association, explains the significance of the unprecedented challenges American Hospitals are looking to overcome. “With one-third of hospitals operating […]
Men’s Health Week: Encouraging Men to Seek Medical Care Early
RIP Medical Debt Supports Men’s Health Men’s Health Week is celebrated worldwide, from June 13th-19th to raise awareness about the importance of men’s health. According to the National Foundation for Cancer Research, in 2018, approximately 324,000 men died from cancer in the United States with the combination of lung cancer, prostate cancer, and colorectal cancer making up half of those deaths. Each year there are new opportunities to advocate for men’s health and support discussions that encourage men to seek healthcare early. Unaffordable medical debt can get in the way of seeking healthcare. Therefore we […]
RIP Medical Debt Applauds Federal Commitment to Reducing Impact of Medical Debts & Strengthening Consumer Protections
The White House released a fact sheet outlining in broad terms how it plans to reduce the impact of burdensome medical debt and strengthen consumer protections. This afternoon Vice President Kamala Harris announced four areas of reform to protect families from destructive medical debt: stopping harmful practices from providers/debt collectors; reducing how medical debt impacts credit worthiness; forgiving the debt of low-income American veterans and increasing general knowledge of consumers’ rights.
RIP Medical Debt Supports Credit Agencies Clearing Majority of Medical Debt
RIP Medical Debt (RIP) celebrates the news this morning from TransUnion, Equifax & Experian that a majority of medical debts on credit reports will be removed come July but supports further, federal change to protect patients from harmful medical debts landing on their credit reports.
Minnesota Hospital Association Names RIP Medical Debt an Endorsed Business Partner
MHA’s Endorsed Business Partner (EBP) program brings organizations to MHA’s members that can contribute to advancing the health of Minnesotans. These innovative organizations provide unique value-added products and services to hospitals and health systems. Each Endorsed Business Partner is rigorously vetted so that specific member needs are addressed by partners who bring proven value.
Department of Health and Human Services Office of Inspector General Issues Game-Changing Advisory Opinion
Advisory Opinion #20-04 Allows Hospitals to Donate or Sell Medical Debts Directly to RIP Medical Debt for the Purpose of Abolishing the Patient’s Liability.
RIP Medical Debt Receives Transformative Gift from Philanthropist MacKenzie Scott
$50 Million Grant Will Abolish Medical Debt in Communities Across the US and Aid in the Nation’s Economic Recovery from the Pandemic.
RIP Medical Debt Works with Ballad Health to Abolish Over $277M of Medical Debt
Regional not-for-profit health system and national nonprofit demonstrate that RIP Medical Debt’s abolishment model can be effectively leveraged directly by community-minded healthcare providers.
Medical-Debt Charity to Buy, Wipe Out $278 Million of Patients’ Hospital Bills
A national charity will for the first time buy medical debt, totaling $278 million, directly from hospitals, a push to speed financial relief to patients, many of whom shouldn’t have been billed at all under the hospitals’ financial-aid policies.
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.