Startups
We Abolish Medical Debt. For Good!
Medical bills are drowning Americans. One-fifth of adults — 56 million under 65 — will have problems with health care bills this year.
Unpaid medical bills are the biggest cause of U.S. bankruptcies- Over sixty percent of the bankruptcies in the US are caused by medical debt. More people file for bankruptcy due to medical debt than the number that graduate from college each year!
We cure the destructive medical debt by using donor funding, leverage, big data and technology & long-term relationships with medical providers and investors to buy large portfolios of unpaid and unpayable medical debt owed by the poor and those in hardship. We abolish their debt; a non-taxable gift by our recognized section 501(c)(3) charity.
Medical bills are drowning Americans. One-fifth of adults — 56 million under 65 — will have problems with health care bills this year.
Unpaid medical bills are the biggest cause of U.S. bankruptcies- Over sixty percent of the bankruptcies in the US are caused by medical debt. More people file for bankruptcy due to medical debt than the number that graduate from college each year!
We cure the destructive medical debt by using donor funding, leverage, big data and technology & long-term relationships with medical providers and investors to buy large portfolios of unpaid and unpayable medical debt owed by the poor and those in hardship. We abolish their debt; a non-taxable gift by our recognized section 501(c)(3) charity.
Overview
Location
United States, New York
Employees
11-50
Phone
+1 212-913-9788
Total raised
$75K
Founded date
2014
Funding Rounds 1
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
Mentions in press and media 18
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Mar 12, 2024 | Week in Review: Hobbs Works to Forgive Medical Debt, Protect Reproductive Rights, and Announces Jobs Numbers; Fondomonte No Longer Pumping Groundwater | Phoenix, AZ – Last week, Governor Hobbs followed through on her promise to build an Arizona where everyone can thrive. On Monday, Governor Hobbs announced that in partnership with the nonprofit RIP Medical Debt, she will forgive up to $2 bi... |
| Mar 5, 2024 | 1 million Arizonans will have all their medical debt wiped out, joining other states' efforts to make sure the burden doesn't 'torpedo' Americans' lives, Arizona's governor says | Economy 1 million Arizonans will have all their medical debt wiped out, joining other states' efforts to make sure the burden doesn't 'torpedo' Americans' lives, Arizona's governor says Ayelet Sheffey 2024-03-05T17:15:18Z Share icon An curv... |
| Nov 22, 2023 | Cleveland Eliminates $33M in Medical Debt for 16,000 Residents | What You Should Know: – In a significant step towards alleviating the financial burden of medical debt on its residents, Cleveland has partnered with RIP Medical Debt, a national non-profit organization, to eliminate $33M in medical debt ow... |
| Nov 16, 2023 | The family of a 38-year-old mom who died is forgiving strangers' medical debt in her honor, and they've already raised $75,000 | Health The family of a 38-year-old mom who died is forgiving strangers' medical debt in her honor, and they've already raised $75,000 Grace Eliza Goodwin 2023-11-16T17:55:59Z Share icon An curved arrow pointing right. Share Facebook Icon Th... |
| Jun 20, 2023 | RIP Medical Debt Receives Gift from the Jane and Daniel Och Family Foundation to Eliminate $264M of Medical Debt in Miami-Dade County | |
| Jun 7, 2023 | SCAN and CareOregon’s Grants to RIP Medical Debt Abolish $110M in Medical Debt | Healthcare non-profits are first plans to directly fund debt relief through RIP Medical Debt; Medical debt held by 67,000 people will be abolished LONG BEACH, CA, UNITED STATES, June 7, 2023/EINPresswire.com/ -- LONG BEACH, CA, PORTLAND, OR... |
| Apr 16, 2023 | A charity that abolishes medical debt | In October 2021, Natasha Pempsell, a pre-school teacher and mother of four living in Covington, Georgia, received her letter: "RIP Medical Debt? That sounds like a scam!" It sounded too good to be true: the $1,500 medical debt for... |
| Nov 17, 2021 | PayZen introduces “Care now, Pay later” to help consumers pay medical debt | Step aside, BNPL. There’s a new acronym attached to an emerging fintech sector, and San Francisco-based PayZen touts itself as a pioneer in this field. PayZen specializes in what it dubs CNPL — “care now, pay later.” The startup aims to hel... |
| Oct 13, 2021 | 50% Of Americans Now Carry Medical Debt, A New Chronic Condition For Millions | WASHINGTON, UNITED STATES - 2021/07/24: A man holding a sign with Medical debt is unjust written on ... [+] it, gathers near the Capitol as he takes part in the March for Medicare for All in Washington D.C. (Photo by Probal Rashid/LightRock... |
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FAQ about RIP Medical Debt
When was RIP Medical Debt founded?
RIP Medical Debt was founded in 2014.
How much funding has RIP Medical Debt raised?
RIP Medical Debt has raised $75K in total across 1 funding round.
What has the press written about RIP Medical Debt?
Parsers VC has collected 18 articles mentioning RIP Medical Debt, among them “Week in Review: Hobbs Works to Forgive Medical Debt, Protect Reproductive Rights, and Announces Jobs Numbers; Fondomonte No Longer Pumping Groundwater” (Mar 12, 2024) and “1 million Arizonans will have all their medical debt wiped out, joining other states' efforts to make sure the burden doesn't 'torpedo' Americans' lives, Ari...” (Mar 5, 2024).
Is RIP Medical Debt still active?
Yes, RIP Medical Debt is active; its latest activity on Parsers VC dates from Jun 17, 2024.