Wisconsin church forgives $4.4M in medical debt

Life Church in De Pere, Wis., donated $17,500 to RIP Medical Debt, a charity that buys and forgives medical debt for pennies on the dollar, which helped cancel out $4.4 million in medical debt, according to the Green Bay Press-Gazette.

Advertisement

The money directed to RIP Medical Debt will eliminate more than 2,000 families’ medical debt and be used to help Wisconsin residents.

Life Church pastors Shawn and Sonny Hennessy said they wanted to pay it forward after dealing with their own medical debts, according to the Press-Gazette. They owed money to a Seattle hospital after their daughter died from campomelic dysplasia, but the hospital forgave their medical debt.

Overall, RIP Medical Debt has forgiven about $700 million in medical debt, according to the charity’s website.

 

More articles on healthcare finance:

Nonprofit hospitals ‘well-positioned to compete’ amid healthcare disruption, S&P says
Ohio lawmaker proposes budget amendment to address surprise medical bills
Where healthcare stakeholders stand on surprise billing

 

 

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.

Download Whitepaper

The cost-saving opportunity most health systems overlook

Many hospitals and health systems scrutinize staffing, service lines, and payer contracts for savings. Fewer look at one of their largest assets: real estate.…

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.