December 8, 2023

Photo by Dalle-E OpenAI


Medical debt is one of the most common types of debt that Americans struggle with. It is estimated that around 43 million Americans have unpaid medical debts that are impacting their credit scores. Medical bills can be incredibly expensive. And, when you’re faced with a significant amount of medical debt, it can become overwhelming to deal with. Fortunately, there’s a way to buy medical debt that can provide relief for individuals struggling with such debts. In this article, we’ll discuss what medical debt is, the reasons why people buy medical debt, and how to buy medical debt.

What is Medical Debt?


Medical debt is the financial obligation that arises when you are unable to pay for medical services or procedures. This type of debt can arise from a variety of sources like prescription medications, hospital stays, surgeries, or emergency care visits. These bills can also come from out-of-network providers or from medical services that are not covered by your insurance.

Why do people buy Medical Debt?

Medical debt has become a lucrative business for some debt buyers. As mentioned, millions of Americans are impacted by unpaid medical debt, and this can give rise to an opportunity for investors to purchase this debt at a low price and then either collect on it for profit or use it for charitable purposes.

One of the most significant reasons why people buy medical debt is because it is often sold at a significant discount. A hospital or medical facility may sell debt to a collection agency, which can then sell the debt to a third party for as little as a penny on the dollar. This equates to a relatively low cost for entrepreneurs to purchase a significant amount of debt that individuals cannot pay off themselves.

Additionally, buying medical debt can allow investors to pursue more profitable ventures. Debt buying companies specialize in buying and selling medical debt to larger debt collection agencies. They make a margin on the sale, and thus it’s an excellent opportunity for them to fast track their growth and revenue. In purchasing the medical debt, debt agencies can then work towards collecting the debt in full from the patient.

How to Buy Medical Debt:

If you’re considering buying medical debt, there are a few steps to follow:

Step 1: Identify Potential Sources of Medical Debt

The first step is to identify sources of medical debt that you are interested in purchasing. Hospitals or medical facilities may have medical debt that they’ve already written off and can sell in bulk to a third-party debt buyer. Alternatively, you may choose to purchase medical debt directly from individuals who are unable to pay their medical bills. In such cases, you would make a direct offer to the individual to purchase their debt and work out the payment terms.

Step 2: Research the Legal Requirements in Your State

Before purchasing medical debt, it’s essential to research the legal requirements in your state. There may be legal restrictions against debt buying or specific disclosure requirements that you must satisfy to successfully purchase medical debt legally. Ensure that you have all the permits necessary to operate as a medical debt collector in your state.

Step 3: Evaluate the Potential Profitability

Before buying medical debt, you’ll want to evaluate whether it can be profitable. You’ll need to assess the discount purchase price of the debt, the potential for the debt to be successfully collected and the estimated return on investment you expect from the purchase.

Step 4: Consider the Risks

Buying medical debt is not without risks, and you should ensure that you’re comfortable with the risks involved before proceeding. Some of the risks you need to consider include the potential for ethical violations or lawsuits, difficulty collecting the debt, and reputational harm if the collection process is harsh or unproductive.

Step 5: Purchase the Debt

If you’re satisfied with your research and believe that purchasing the medical debt can be profitable, you can contact the debt holder and purchase the medical debt at an agreed-upon price. Ensure that you have a signed agreement along with all the relevant documentation regarding the medical debt transfer.


Q: Can anyone buy medical debt?

A: Yes, anyone can buy medical debt as long as they meet the legal requirements in their state. However, it’s important to note that buying medical debt requires careful research and financial due diligence.

Q: How do I know if buying medical debt can be profitable?

A: To evaluate the potential profitability of buying medical debt, you’ll need to consider the purchase price, the potential for the debt to be successfully collected, and the estimated return on investment. You may also want to consult with a financial advisor before making any investment.

Q: What are the risks involved in buying medical debt?

A: Buying medical debt can be risky, and you should consider all sources of risks involved, including ethical violations or lawsuits, collecting the debt, and reputational harm if the collection process is harsh or unproductive. It’s best to weigh the risks carefully before proceeding.


Medical debt is a significant financial stressor for millions of Americans. Buying medical debt can provide an opportunity for individuals or organizations to help clear debt off the hands of those in need or pursue a profitable venture. Before purchasing medical debt, it’s crucial to research the legal requirements in your state, evaluate the potential profitability and necessary risks involved. Conducting thorough research and assessment will give you the necessary knowledge to make an informed decision on whether to start collecting on medical debts or provide financial assistance to those struggling with their medical expenses.

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Article Summary:

43 million Americans have unpaid medical debts impacting their credit scores, making medical debt a lucrative business for some. Investment in medical debt is increasing, due to the significant potential for profit that follows when bought at a discounted price, often sold at a penny per dollar. By identifying potential sources of medical debt, researching the legal requirements of your state, evaluating the profitability of investing, considering risks, and purchasing the debt, anyone can buy medical debt. However, investors must consider ethical violations, lawsuits, difficulty collecting the debt, and reputational harm if the collection process is harsh or unproductive.

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