Emergency Medicine Group clears more than $4.6M in medical debt for 700 Texas families
VICTORIA, Texas — Victoria Emergency Associates (VEA), a private Emergency Medicine group in South Texas, collaborated with RIP Medical Debt, a New York-based charity, to eliminate over $4.6 million in medical debt which impacted a total of 708 individuals, located in 8 different Texas counties.
Of these 708 individuals, 137 individuals reside in Victoria county.
VEA provides Emergency Medical services at 19 different facilities and hospitalist services at 4 different locations throughout Central and South Texas.
Through its charitable donation, VEA was able to assist in the forgiveness of debt for 137 residents of Victoria County which represented long term outstanding debt, totaling over $334,600 in Victoria county.
VEA was founded in 2002 with the vision of providing excellent emergency care with kindness and compassion. Their objective is to bring excellent healthcare with a personal touch in communities throughout Texas and is committed to being a valuable partner to the hospitals and communities they serve. VEA currently serves about 250,000 Texans a year.
RIP Medical Debt is nonprofit whose sole purpose is to locate, purchase and then abolish unpaid and unpayable medical debt as a benefit to society as well as the recipient.
RIP was launched on July 25, 2014, by two former collection industry executives who decided to put their industry experience and expertise to work to forgive debt rather than collect on it.
Working with third-party credit data providers, RIP searches bundled debt portfolios to locate accounts meeting its criteria for financial relief. RIP then negotiates to buy portfolios at a steep discount, on average a penny on the dollar.
Prior to RIP’s purchase, these bills have passed through several collection agencies and months or years of collection pursuit. RIP offers to purchase these accounts at their present industry market value. The humanitarian difference is that once RIP buys this debt it is forgiven on behalf of the donor.
Each recipient receives a branded, yellow RIP envelope informing them of their relieved medical debt. RIP relieves debt explicitly for those least likely to be able to pay (two times or below the federal poverty level; insolvent, or debts are 5% or more of gross annual income).
If you would like to begin your own campaign or donate to RIP Medical Debt, visit: https://ripmedicaldebt.org/contact/
If you would like to know more about Victoria Emergency Associates, contact Jess Jasso at firstname.lastname@example.org
COPYRIGHT 2020 BY CROSSROADS TODAY. ALL RIGHTS RESERVED. THIS MATERIAL MAY NOT BE PUBLISHED, BROADCAST, REWRITTEN OR REDISTRIBUTED.