The following press release was published in Business Wire. You can read the original article here.
Patientco, a next-generation patient payment technology company, announced today the addition of Curae, to its SmartFinance™ platform to offer flexible non-recourse patient financing backed by leaders in consumer financing products. The newly formed relationship will help health systems deliver quality financial care, drive higher patient utilization, improve patient loyalty, and increase patient payments.
“Curae is uniquely positioned to assist patients with the burden of increased healthcare expenses and offers providers financial security with a fiscally responsible non-recourse patient financing solution,” said Mark Starr, Executive Vice President, Curae. “Unlike other non-recourse patient financing solutions, Curae excels by addressing the entire credit spectrum, not just prime borrowers.”
Patientco and Curae’s strategic partnership comes at a time where patient out-of-pocket payments continue to grow. Patientco data shows nearly 50 percent of healthcare patient receivables are for bills between $1,000 – $10,000. Coupled with studies showing a majority of Americans have less than $1,000 in their bank accounts, there’s a proven need for companies like Patientco and Curae to offer financing solutions to help patients access needed healthcare with the convenience of flexible payment options.
The integration of Curae into Patientco’s SmartFinance platform will allow for:
- Flexible non-recourse financing
- Simplified, streamlined patient payment enrollment processes
- Integrated multi-touch communication options between providers and their patients
- Health Systems funded within 48 hours from the time of service
- A reusable line of credit for eligible patients to use with participating Health Systems
- No impact to the patient’s credit score to view available offers
“Our research at Patientco shows there are more patients who are willing to pay but do not have the means to do so,” remarked Alan Nalle, chief strategy officer at Patientco. “Often times, financing is the answer to this challenge. We are excited about the innovative solutions Curae brings to our SmartFinance™ platform and look forward to working with its team to help our health systems improve the affordability of healthcare.”
To learn more about Patientco SmartFinance and Curae, visit Patientco at the Healthcare Financial Management Association (HFMA) National Conference in Las Vegas, NV, June 24-27 in Booth #807. Additional information can be found on patientco.com or by emailing firstname.lastname@example.org.
About Patientco: Patientco is a payment technology company founded specifically to re-think the patient payment experience in healthcare by bringing together intuitive consumer payment tools and world-class payment infrastructure backed by data-led design to create a superior billing experience and deliver more payments to Health Systems. Patientco is making healthcare better one payment at a time. Visit Patientco online at Patientco.com.
About Curae: Believing the revenue cycle model in healthcare is fundamentally broken, Curae exists to empower providers to serve more patients through a suite of flexible, non-recourse-based financing options. Headquartered in Atlanta, Curae works with healthcare providers across the United States. For more information, visit www.curae.com.