Selling Your Medical Debt
Unable to collect your medical debt? Sell it quickly with Debexpert, a one-stop shop for evaluating, buying and selling delinquent debt.
Features of Selling Medical Debt on Debexpert
Selling Your Medical Debt
Unable to collect your medical debt? Sell it quickly with Debexpert, a one-stop shop for evaluating, buying and selling delinquent debt.
Different Types of Auctions
Sell your debt the way it suits you and choose the best rates. You will see detailed information about buyers and their bids.
Security and Privacy
We guarantee the safety of masked files and all other documents that are uploaded and distributed in our shared drive.
24/7 Support and Guidance
With cumulative experience of 100+ years, our experts can guide you on market situations, price expectations and compliance checklists. At any stage of the debt sale process, you can count on the timely support of your dedicated account manager.
Large Buyer Database
Debexpert counts hundreds of buyers in our extensive network: passive debt buyers, collection agencies, law firms, family offices and funds. We will help you find the buyers that come up with the best bids, no questions asked.
How it works
Selling medical debt in six steps
Debexpert analytics team reviews portfolio and provides recommendations how to get the highest price for your debt portfolio.
In-depth Portfolio Analytics
Debexpert analytics team reviews portfolio and provides recommendations how to get the highest price for your debt portfolio.
Request Portfolio AnalyticsPortfolio Auction Setup
Debexpert will guide you through the auction setup process and advice auction type, how to divide portfolio into pools and the best time for portfolio selling.
Portfolio PreSale
Debexpert engages the best debt buying companies and do the presale. Debt sellers can monitore all activities on a dashboard online.
Bids from Debt Buyers
Hundreds of companies that buy debt will bid for your portfolio online. Sellers can communicate with buyers on Debexpert loan marketplace.
Close the Deal Online
Auction winner and seller close the deal and sign the contract. Payment will be made directly from the buyer.
Post Sale Service
File exchange and communication logs between debt buyer and seller are end-to-end encrypted on Debexpert loan marketplace.
Platform
Debexpert allows hospitals and medical organizations to easily arrange a medical debt portfolio by using our easy-to-navigate dashboard and being guided by our dedicated account managers. Get access to our large network of buyers, receive bids, and choose the best offers. We guarantee complete privacy of personal data and safety of transactions.
Pexels · Anna Shvets
Why sell
Why Sell Your Medical Debt?
Over 43 mln Americans have unpaid medical bills – most of those cannot be covered with health insurance and greatly exceed patients' annual income. What to do? Leaving unpaid medical bills means severely hurting the budget.
- Less time on billing. No need to spend time dealing with payment for medical bills – let it be the work of debt collection agencies or whoever buys the portfolio.
- Protect reputation. Maintain positive credit history and trustworthy reputation among partners.
- Fewer legal disputes. Prevent legal proceedings with debtors and insurance companies.
- More working capital. Partially cover expenses and get funding for your business.
Forward flow and predictability
Today, hundreds of lenders and dealers sell their auto loan portfolios using a forward flow mechanism (fixing the sale price on loans to be issued in the future), making the business's operating model more predictable and sustainable.
Preparation
How to prepare for selling medical notes?
Create a masked file
Excel spreadsheet that lists all the accounts that the seller wants to sell as medical receivables, while sensitive information of borrowers is masked. This is what a masked file means in the debt industry.
Request Portfolio AnalyticsThinking about the sales strategy
Second step before the selling process starts is to decide to sell the entire portfolio or break it down into pools and geography, product types, and stage of delinquency. As a rule, each buyer specializes in a particular kind of geography or debt, so to ensure the maximum price, it is recommended to break portfolios into pools.
Check the availability of original documents of loan contracts
If the media is stored electronically, the sale process and the portfolio price will usually be higher because the buyer can start working with the portfolio immediately after signing the PSA. If the documents are stored in hard copies, then you need to ask to prepare media for sale by putting them in separate boxes.
The preparation of the Purchase Sales Agreement
The contract should reflect the actual terms for closing the transaction, transferring documents, and obligations of the seller and buyer.
The preparation of the Seller's Questionnaire
The last step is the preparation of the Seller's Questionnaire, in which the seller describes the main parameters of the portfolio to be sold. A correctly completed seller's questionnaire will help buyers better understand the portfolio being sold, how it was previously collected, and other features.
Post Sale Service
File exchange and communication logs between debt buyer and seller are end-to-end encrypted on Debexpert loan marketplace.
On the platform
We Make Selling Medical Debt Easy
Sellers don't have to be expert debt salespeople to sell medical debts at the best price. Debexpert has the unique experience of selling over 700 portfolios a year and a dedicated team that will do all the work for the loan originator. And best of all, Debexpert's platform is free for the seller.
6 Simple Steps to Turn Your Medical Debt into Cash
Register on Debexpert
Get connected with a dedicated manager who will analyze debt portfolio and explain whether you qualify for selling it, and how much you could charge.
Request Portfolio AnalyticsSubmit your portfolio
We will help with compliance checklists, proper debt portfolio arrangement, and collection of documents for debt purchasing companies.
Set up an auction
Debexpert will help you select a suitable type of auction – English, Dutch or hybrid – and guide you through the sales process. We will explain how to divide your portfolio into pools and when to search for buyers.
Launch portfolio presale
Debexpert will find the best fitting companies to buy your debt and organize the presale process. You can track all the actions in your dashboard.
Compare bids from buyers
Check accounts, portfolio description, and sample media. In case of issues, you can always contact your dedicated account manager or sellers on Debexpert loan marketplace.
Close your deal
The auction winner will sign the contract, and you will receive money directly from the buyer. You can exchange files and communicate right on Debexpert – we ensure ongoing support and complete safety of personal data.
Success Stories
Past reviews from our clients
“Very happy to work together with Debexpert group specially Henry with excellent clients service and they teamwork is very professional, helpful and knowledgeable they goes the extra mile to close for any of the clients. I really admire his work ethics. He is very hardworking and always has answer to our questions. Best part he's always available to help. I would highly recommend they services. Thank you”
SKSunny Kumar
Managing Director, AAA Lenders, Inc.
“Wonderful communication and support. I have always had all of my questions answered quickly, and everyone has been accommodating to make the process as easy as possible. I always look forward to seeing the new offerings, and am excited to be building a relationship with a great company!”
PFPeter Faris
Owner, Faris Holdings, LLC
“Professional, fair, and goes the extra mile to close note purchases—especially important when dealing with unrealistic/difficult sellers.”
LNLarry Nein
Owner, Preferred Note Investors
“Henry is the Business Development rep assigned to our small boutique real estate investment firm. Henry is great with follow-up and answering any and all questions I have. We have been very pleased with both your platform and Henry's service and 'can do' approach.”
ACAl Curiel
President, Associates In Real Estate Holdings, Ltd.
“Our rep at debexpert.com has always been very proactively communicative, reaching out to make sure we are aware of trades that fit our buying box and easily accessible to answer questions and help facilitate the process.”
LLLisa Lemire
Managing Member, Kamini Bay Asset Management, LLC
What We Sell
What Types of Debt Portfolios Can You Sell?
Debexpert supports sellers across all major debt asset classes. Whether you need to sell consumer debt, medical accounts, MCA positions, or credit card portfolios, our online auction connects you with the right debt purchasing companies.
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$2MauctionedFAQ
Frequently Asked Questions: Medical debt
Have a different question? Contact us or browse the full FAQ.
Get Started
Get a Free Valuation for Your Medical Debt Portfolio
Share a few details and your personal manager will guide you through selling your medical debt portfolio.
Start with the seller path
Request a valuation first, or register as a buyer if you also want marketplace access.
Request a free valuation and get guided through listing your receivables.
Register as a buyer to access marketplace listings, data tapes, and auctions.