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
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.