The opinion follows a request filed by RIP Medical Debt to expand its medical debt forgiveness program. OIG said when RIP works with health systems and large physician groups that donate or sell their bad debts to RIP, states won’t impose sanctions under federal anti-kickback or civil monetary penalty laws.
Before the opinion, RIP had bought medical debt only from commercial debt buyers that hospitals and physicians sold their debt to. RIP acquired the debt then forgave it. Now, RIP will ramp up its direct engagement with providers, the organization said.
More articles on healthcare finance:
HCA records $1B profit in Q2
Florida health system brings back 640 furloughed workers
Hospital margins could sink to a negative 7% this year: 5 things to know
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit