San Francisco, CA. – January 15, 2011 – San Francisco, CA. – CarePayment, a unique healthcare financial services company, announced that it has formed a partnership with South Jersey Healthcare, a multi- hospital system based in New Jersey.
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.
"The team at South Jersey is committing to improving the patient experience;" says Joe Siedel, CarePayment's SVP of Operations "with the CarePayment program, South Jersey's patients will be able to manage their healthcare finances in a dignified way."
CarePayment currently 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.
Established in 2004, CarePayment is a program that enables patients to pay for provider services at a 0.0% Annual Percentage Rate over an extended period of time, while providing providers with immediate funding for patient-pay receivables. This unique program enables provider clients to improve cash flow, reduce receivable days and dramatically increase the percentage of collected patient-pay receivables. Providers that have implemented CarePayment have seen improvements on their balance sheets and reported increased patient satisfaction.
Program offered through WebBank, a Utah industrial bank. For more information, visit www.carepayment.com.
This release may contain forward-looking statements. All statements that are not purely historical are forward-looking statements. Words such as "expect", "anticipate", "intend", "plan", "believe", "seek", "estimate", "may", "could", "would", "will" and variations of such words and similar expressions are intended to identify such forward-looking statements. In particular, this release may contain forward-looking statements with respect to business objectives, expected growth, results of operations, performance, business projects and opportunities, and financial results. Such forward- looking statements reflect management’s current view and estimates of future economic and market circumstances, industry conditions, company performance and financial results, are based on certain material factors and assumptions, and are subject to certain risks and uncertainties, including, without limitation, changes in market conditions, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2010. Such risks, uncertainties and other factors could cause actual results or events to differ materially from those described in the forward-looking statements. CarePayment Technologies does not intend, and undertakes no obligation, to update any such forward-looking statements to reflect events or circumstances that occur after the date of this release.