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CarePayment Partners with University of Pennsylvania Health System to Offer Patients Affinity Card Program with a 0.0% Annual Percentage Rate

San Francisco, CA. — December 31, 2010 — CarePayment®, an innovative patient loyalty and payment program, today announced its partnership with the University of Pennsylvania Health System; located in Philadelphia, Pennsylvania. The new partnership enables Penn Medicine's patients the option to pay for their provider services at a 0.0% Annual Percentage Rate over a 25-month period.

"We are excited about the opportunity to partner with the University of Pennsylvania," said CarePayment CEO Jim Quist, "Our goal is to help healthcare providers succeed in achieving their financial goals while improving patient satisfaction. We enjoy working with progressive health systems that are focused on partnering with their patients to unlock long-term value."

Using a hospital-branded relationship card, CarePayment offers hospitals and health systems across the nation a patient-centric program that gives patients more flexibility and financial control over their healthcare spending. Patients appreciate the customer friendly nature of the program and the providers realize significant financial benefit through increased patient payments.

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About CarePayment

Established in 2004, CarePayment helps patients pay their medical bills over time at a 0.0% Annual Percentage Rate by offering a hospital branded loyalty card. This innovative approach has proven to enhance the patient experience while simultaneously improving collection rates for the hospital. Many of CarePayment's hospital partners experience a double impact to their bottom line: one from the reduction in bad debt and the other from additional revenue as a result of repeat visits. For additional information, please call (800) 316.4350 or visit www.carepayment.com.