Vytalize Health Expands Efforts to Eliminate Over $5.8 Million in Medical Debt

HOBOKEN, N.J., December 14, 2023 (VSNewsNetwork.com) - Vytalize Health, a risk-bearing provider enablement platform, has expanded its charitable efforts to alleviate medical debt, according to the company's recent announcement. In partnership with the nonprofit organization RIP Medical Debt, Vytalize Health's latest contribution aims to relieve over $5.8 million in medical debt for residents of Suffolk County and Northern New Jersey.

According to the company, this initiative marks Vytalize Health's second significant contribution in 2023, building on the success of its initial donation to RIP Medical Debt earlier in the year. The effort is particularly focused on addressing the financial burdens of medical debt in local Tri-State communities.

Faris Ghawi, CEO and Co-Founder of Vytalize Health, emphasized the impact of their initiative beyond traditional healthcare settings. He stated, "True healthcare transformation extends beyond treatment rooms. To achieve long-term success in value-based care, we must also tackle the complex challenges that plague our healthcare system. These donations to RIP Medical Debt are part of a strategic and compassionate initiative that will dismantle barriers that may prevent individuals in the communities we serve from seeking and receiving the care they need to stay healthy."

The company's initiative aligns with findings from the inaugural Health Care Affordability Survey by the Commonwealth Fund, which revealed significant challenges faced by working-age Americans in covering healthcare expenses.

Amer Alnajar, Chief Medical Officer and Co-Founder of Vytalize Health, underscored the alignment of the company's efforts with broader healthcare goals. He said, "Tackling medical debt aligns seamlessly with our broader goals of creating a more sustainable and value-based healthcare system. Medical debt is a symptom of a fee-for-service system that rewards sick care instead of health care. RIP Medical Debt is impacting lives and building a healthier future where proactive care unburdened by financial constraints becomes a reality, and we’re proud to support their efforts."

According to Vytalize Health, RIP Medical Debt acquires debt portfolios from collection agencies and healthcare providers and relieves debts for qualifying individuals. Recipients of this debt relief, who are selected based on specific financial criteria, are notified through branded envelopes from RIP Medical Debt.

For additional information about Vytalize Health's initiatives and services, visit www.vytalizehealth.com.

Source: Vytalize Health via Newswire