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RIP Medical Debt to buy $278 million of Ballad Health bills


Modern Healthcare Illustration / Getty Images
About 82,000 former Ballad Health patients will soon have almost $278 million worth of outstanding bills eliminated under an agreement with a charity that buys and forgives the debt.
The agreement with Ballad, a not-for-profit system based in Johnson City, Tenn., marks RIP Medical Debt s first debt purchase directly from a hospital. RIP previously only bought medical debt from debt collectors. A July 2020 HHS Office of Inspector General advisory opinion opened the door for hospitals to sell or donate debt direct to the group.
This really is the tipping point for us going forward, said Allison Sesso, RIP s executive director. We look forward to working with a lot more hospitals. Even those that feel they have a very robust charity care policy in place should give us a call to review who has slipped through the cracks. ....

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Secular Society donation to give thousands in Southwest Virginia clean slate with Ballad Health


More than 26,000 people in Southwest Virginia will soon have overdue bills owed to Ballad Health and its legacy companies discharged, with no strings attached.
The debts were abolished by a $3 million donation from The Secular Society, a Blacksburg-based nonprofit, through a partnership with New York-based RIP Medical Debt. Using donations, RIP purchases unpaid medical accounts for pennies on the dollar and then forgives the debts.
“The Secular Society sought to restore peace of mind and creditworthiness to people living in Southwestern Virginia who incurred cumbersome medical debt when they sought the basic human right of health care,” according to a society news release. ....

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