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.
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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.