California bill aims to ease medical debt by requiring hospitals to screen patients for financial aid

A bill moving through the California legislature aims to reduce medical debt by requiring hospitals to determine whether patients qualify for financial assistance before they leave the hospital. Assembly Bill 1312, introduced earlier this year, would standardize and streamline the process for screening low-income patients—particularly those without insurance or enrolled in Medi-Cal—for hospital financial aid…

Nubank introduces Recomeço to assist Brazilians in debt renegotiation

Digital financial services platform Nubank has announced the launch of Recomeço, a campaign aimed at supporting Brazilian customers in renegotiating their overdue payments. Through this move, Nubank intends to assist customers who have overdue payments in renegotiating their debts, in turn enabling them to have a healthier financial journey. The initiative highlights the company’s commitment…

Vena Solutions Receives Syndicated Debt Facility

Vena Solutions, an Albany, NY and Toronto, Canada-based provider of a Financial Planning and Analysis (FP&A) platform purpose-built to leverage the Microsoft technology ecosystem, received a syndicated debt facility whose Lead Arranger and Administrative Agent was CIBC Innovation Banking. The amount of the deal was not disclosed. The company intends to use the funds to…

Haverhill’s Riverside Church Helps Relieve Medical Debt

HAVERHILL, Mass. (WBZ NewsRadio) — A Haverhill church is offering a lifeline to families struggling with medical bills in the state. The non-denominational Riverside Church is helping 1500 low-income residents get from under $1.3 million in medical debt. The church partnered with an organization called Undue Medical Debt for the initiative, hoping to erase debt for families in…