Toledo City Council member Michele Grim introduced an ordinance in September that would use $1.4 million in federal COVID-19 relief funds to partner with RIP Medical Debt, which could wipe out between $180 million to $200 million in medical debt. That proposal has stalled as the council continues to study it, according to the report.
The potential partnership between the county and city would reduce the city’s proposed commitment to $800,000, and the combined funds could relieve between $190 million and $240 million, according to the report. Both the City Council members and county commissioners still need to vote on their respective ends of the deal.
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.