Wednesday, July 18, 2018

RIP is working to forgive $1 billion in medical debt for Americans!

Read more and donate, often. Here is an interesting approach to medical debt forgiveness.

A Word to Medical Professionals

Few know the corrosive damage of medical debt better than people in the medical community.

Dedicated medical professionals want to treat patients with the best technology and medicines available, but this often comes at a cost that patients cannot afford. Medical professionals also realize that medical debt often keeps patients from following recommended treatment plans or maintaining expensive drug regimens.

At the same time, the medical community in America faces severe economic challenges. Providing medical services is increasingly complex and expensive. Providers’ costs and fees may not be covered by insurance or other programs. When patients cannot pay their medical bills, expenditures on their behalf becomes a bad debt that providers must absorb. Bad debt has caused medical practices and community hospitals to close.

To stay afloat financially, medical providers often sell or assign unpaid accounts to the collections industry. Bill collectors then pursue the monies owed regardless of the added stress and damage that collection actions cause to individuals and families.

Now the good news.

RIP Medical Debt may contact medical professionals and hospitals to negotiate the purchase of unpaid medical debt. Providers recoup costs they’d written off, and they help end patients’ financial struggles.

Further, we invite all members of the medical community to contact RIP on their own to sell – at a steep discount – unpaid and unpayable of medical debt. RIP can offer at least some compensation for income that otherwise would be fully lost.

To some, medical debt is a business. To RIP, it’s a mission.

How it Works

RIP Medical Debt was founded with the mission of seeking out, buying, and forgiving unpaid and unpayable personal medical debt.

RIP Medical Debt works to abolish medical debt. For Good.

How is this possible?

Outstanding medical debt often is bundled into portfolios for sale on the secondary debt market (similar to mortgages). Using sophisticated data analytics, RIP can search medical

How it Works

RIP Medical Debt was founded with the mission of seeking out, buying, and forgiving unpaid and unpayable personal medical debt.

RIP Medical Debt works to abolish medical debt. Good.

How is this possible?

Outstanding medical debt often is bundled into portfolios for sale on the secondary debt market (similar to mortgages). Using sophisticated data analytics, RIP can search medical debt portfolios to pinpoint those bundles most in need of relief. We then negotiate to purchase that debt at significantly reduced rates- pennies on the dollar (average ratio is 1:100). Such reduced rates typically are available only to large organizations in the debt buying industry.

Once the medical debt is purchased, RIP then forgives the debt and informs those helped that they are forever free from that particular debt and its blemish on their credit report.

We regret that RIP cannot forgive medical debt for specific individuals… at this time. We’re evolving. In case we ever can, you can register for personal medical debt forgiveness on our get help page.