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CarePayment Announces Partnership with Memorial Healthcare

San Francisco, CA. — September 21, 2011 — CarePayment, an innovative patient loyalty and payment program, today announced that it has kicked off a partnership with Memorial Healthcare, a not-for-profit hospital based in Owosso, Michigan since 1921 and this year celebrating 90 years of dedicated caring to residents of Shiawassee County and beyond.

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. In the face of rising healthcare costs and insurance deductibles, the company’s program makes unexpected medical bills less burdensome for patients who are either presently uninsured or facing other out-of-pocket costs even after insurance.  In turn, this approach encourages loyalty from patients who can re-use the card with the provider for future medical services.

Memorial Healthcare formed the partnership with CarePayment to provide an additional service to their patients. “Memorial invests heavily in its patients, providing countless community benefits,” says Garth Massey, CarePayment’s Vice President of Client Services “offering the CarePayment program to the community was a natural fit in Memorial’s mission-driven strategy.”

CarePayment partners with dozens of progressive hospitals and health systems across the United States. Beyond the financial service, the program offers online portals for providers and patients as well as educational materials for patients.

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About CarePayment

Established in 2004, CarePayment helps patients pay their medical bills over terms of up to 25 months with 0% APR; accounts are issued by WebBank, Salt Lake City, Utah. The hospital branded loyalty card is an innovative approach which has proven to enhance the patient experience while simultaneously improving collection rates for the hospital. Many of CarePayment’s hospital partners experience a twofold 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.