#USA #Atlanta #ApolloMD #Cascade365 #UndueMedicalDebt

ApolloMD's Milestone in Healthcare Debt Relief

In a significant development for the healthcare sector, ApolloMD has successfully aided in the elimination of more than $1 billion in patient medical debt since the year 2018. This remarkable achievement came about through their strategic partnership with Cascade365 and the influential nonprofit Undue Medical Debt. Medical debt has been the primary driver of personal bankruptcies in the United States, with studies indicating that approximately 66.5% of these bankruptcies can be traced back to medical expenses and illnesses leading to lost work hours.

The CEO of ApolloMD, Dr. Yogin Patel, emphasized the organization’s holistic approach to patient care. "Our dedication to the well-being of patients extends far beyond the clinical environment,” he explained. By focusing on alleviating financial burdens, ApolloMD aims to dismantle the barriers patients encounter when seeking medical treatment. Notably, ApolloMD maintains financial independence, which positions them favorably to offer such crucial relief in collaboration with their partners.

Undue Medical Debt, a national nonprofit established by former debt collectors, plays a pivotal role in this initiative. They utilize donor funding to purchase and forgive medical debt for low-income patients without prior warning, informing them of their newfound financial freedom through letters. Ruth Landé, VP of Provider Relations for Undue Medical Debt, highlighted their success, having relieved over $15 billion in debt for more than 10 million families. "We're excited to partner with Cascade365 and ApolloMD to further our mission of providing relief to those in need,” said Landé.

The methodology employed by Undue Medical Debt involves partnering with healthcare providers and collection agencies to acquire medical debts primarily affecting individuals who fall below the federal poverty line. By buying these debts in bulk and scrapping those significantly overdue, they create a pathway for patients to be released from crippling financial obligations.

Lee Brockett, CEO of Cascade365, reiterated the need for financial responsibility balanced with compassion. Cascade365 advocates for fair treatment of patients, providing income-based settlement options and working closely with organizations like Undue Medical Debt to forgive debts. Brockett praised the collaboration, stating, "We are delighted to join forces with ApolloMD in alleviating a record-breaking $1 billion in outstanding medical debt."

ApolloMD operates independently, partnering with over 100 hospitals across the nation to deliver integrated physician services. The organization prides itself on a high-touch approach, focusing on quality and operational efficiency. They are recognized for their commitment to a productive patient experience and are dedicated to implementing best practices within healthcare facilities to foster improvements both in care and financial processes.

In summary, ApolloMD, along with Cascade365 and Undue Medical Debt, are pioneering efforts to relieve the burdens caused by medical debts. Their commitment not only promotes financial accountability but also champions the health and welfare of countless families across the United States. This initiative stands as a beacon of hope for those grappling with the overwhelming stress of unpaid medical bills, exemplifying how healthcare providers can extend their reach beyond clinical settings to make a tangible difference in patients' lives.