CarePayment Cardholder Web Site >
CarePayment is a unique program developed by Aequitas Capital that allows hospitals to focus on their overall mission without disregarding their responsibility to manage the bottom line.

CarePayment provides:

  • A flexible financing alternative offered to all of your patients - regardless of their employment or credit history.

CarePayment is a 0% interest, nondiscriminatory revolving finance card – not a credit card. There is no application process and virtually all patients qualify regardless of employment status, credit history or medical insurance coverage. The only qualification is a valid Social Security number. The program enables patients to pay off their outstanding bills with minimum monthly payments as low as 4% of the original balance – with no interest to the patient. With CarePayment, any patient who wants to meet their financial obligation to the hospital now has a reasonable opportunity to do so. For example, a $2,000 hospital bill can be paid with payments of $80 per month over 25 months.

  • Immediate funding of your patient-pay receivable balances - prior to the billing and collection of monthly payments from your patients.

Although the patient has up to 25 months to pay off a bill, the hospital receives funding from CarePayment within just a few days. This unique funding feature enables CarePayment hospital clients to improve cash flow, reduce receivable days and increase the percentage of collected patient-pay receivables.

  • A hospital-branded finance card which promotes repeat usage for patients and their families and additional care reinforces brand awareness for your hospital.

Customer Service

  • CarePayment consolidates all the patient bills for each guarantor/cardholder into an easy to read monthly statement providing a single minimum monthly payment.
  • CarePayment provides late payment management with phone calls and letter reminders in a consistent, patient friendly manner.
  • CarePayment provides all cardholders with on-line web access as well as toll-free numbers for support and questions concerning their account.

Reporting

CarePayment provides secure, on-line access to the following detailed weekly and monthly financial reports providing funding and activity status.

  • Weekly Settlement Report
  • Weekly Operations Report
  • Monthly Activity Report
  • Monthly Delinquency Report
  • Monthly Reconciliation Report
  • CarePayment Hospital Web Site (detailed activity and transaction history)