Launching Universal Healthcare for the United States

NASHVILLE, Dec. 1, 2023 -- Ravida, an innovative platform designed to help individuals cover their health insurance deductibles, copays, prescriptions, and other health-related expenses, marks a significant step towards its vision of building the first universal healthcare insurance program for the United States. Ravida offers a unique opportunity for its members to obtain financial assistance for their medical needs without imposing any interest charges or financing fees.



It's mission is to make healthcare more humane.



"Ravida is more than just a platform; it's a community of support for those navigating the often daunting world of healthcare costs," says a spokesperson for Ravida. "We're not just helping people pay for their medical bills – we're empowering them to use the cash they save for other areas of their lives, ultimately contributing to their overall well-being."



The platform operates on a simple principle: members can make 'asks' of financial support for their medical expenses. These asks are not treated as loans, meaning there are no interest charges or financing fees attached. Instead, Ravida charges a processing, network, and administration fee which is added to the ask.



What sets Ravida apart is its straightforward approach. Members simply need to identify their monetary need and annual income to make an ask. There are no credit checks or complex underwriting processes involved. Once their ask is approved, Ravida can disburse the funds directly to the member via CashApp or Venmo.



"High deductibles often force individuals to choose between their financial and health needs," says the spokesperson for Ravida. "We aim to eliminate this dilemma by offering an alternative means to cover a deductible at any time. The payback rate is income-dependent, ensuring our members can comfortably pay us back over time."



Ravida's goal is to help reduce the burden of healthcare debt, which currently affects around 41% of people in the United States, according to a report from the Kaiser Family Foundation. With Ravida, members have the opportunity to cover their health expenses from their income, rather than resorting to loans or credit cards.



"Healthcare debt has become a way of life for many, but it shouldn't be," says the spokesperson for Ravida. "At Ravida, we believe that your financial health shouldn't be compromised for your physical health. Our platform aims to make this belief a reality for our members."