User talk:Tbirdethanol

Medical Bill Acquisition Industry
The Medical Bill Acquisition Industry started in 2014 and the premise is a Medical Bill Acquisition company will assume a patients’ medical debt for an amount lower than what is owed to the medical provider. This premise was based on years of research which showed that many patients experience increased anxiety when faced with paying their outstanding medical bills when they do not have funds readily available. In such situations, the patients’ anxiety and loss aversion are high, and patients are unsure of how to deal with the situation.

Medical Bill Acquisition is simple (example):  Peter has a $1,200 bill from an emergency room visit. Peter can only afford to pay $800 for the care; but the anxiety of dealing with the inability to pay the full amount and hurdles trying to work with the medical provider overcome him. In this situation, a Medical Bill Acquisition company would assume the $1,200 for Peter’s $800 fully relieving Peter of the $1,200 debt. The Medical Bill Acquisition company would then work with the medical provider to settle the bill on favorable terms for the medical provider and the Medical Bill Acquisition company – though the Medical Bill Acquisition company risks losing money.

The situation described above allows patients to settle their medical debt in a non-adversarial manner and helps to ensure payment and cash flow to the medical provider. Tbirdethanol (talk) 23:30, 15 May 2024 (UTC)