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Press Release

September 21, 2011

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.