Vitality works with both hospitals and collection agencies to offer debt settlement services to patients. Debt settlement is a common tactic used by credit card companies to settle charged-off consumer balances (we are NOT a debt consolidator or credit counselor who pays you small monthly payments over many years). By using a debt settlement program, a consumer is able to reduce the principal owed to all of his/her unsecured creditors, allowing for repayment of his/her obligations in a reasonable time period. Most importantly, Vitality can direct some of the savings to pay off the consumer’s hospital debt. Without debt settlement, these consumers are rarely able to pay their creditors.
Our debt settlement program is easy to implement and does not disrupt any existing processes. While we would like to work with your active accounts, we can begin by implementing our program with your charged-off accounts and then offer it to active accounts later.
1. Refer a patient to Vitality or send us a file of your accounts.
2. Vitality offers our debt settlement service to these patients, qualifies them over the phone and processes the necessary paperwork for enrollment.
3. As the patient accrues funds in a 3rd party bank account, we use the savings to settle the hospital bill and other debts.
The average consumer is able to repay all of his/her debt over three years or less (with the hospital often paid much sooner) and avoid bankruptcy while saving significant money.
