TransUnion Healthcare, part of credit and information management company TransUnion, is supporting the efforts of RIP Medical Debt, a charity that buys and forgives medical debt for patients.
RIP Medical Debt, which buys medical debt for pennies on the dollar, will use TransUnion Healthcare's financial assessment solution to examine debt portfolios they own and to identify new medical debt, according to a news release. With the solution, RIP can use credit data from TransUnion Healthcare for the purchase and forgiveness of medical debt.
"Our nonprofit uses donor funds to locate and then purchase unpaid and unpayable medical debt," said Craig Antico, CEO and co-founder of RIP Medical Debt. "With TransUnion's support, we can further address the difficult problem of identifying those individuals who are truly charity-worthy and take the next step of actually removing that debt burden."
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