Knowledge Center

Increasingly, patients are avoiding care because they can’t afford it, even if they have insurance. Many patients now have high deductible plans and may need to pay as much as $10,000 out of pocket before insurance kicks in. The reality is that not every patient can afford to pay cash or to take on interest-bearing debt through credit cards or home equity lines of credit to cover their share of medical expenses. Patients need budget-friendly alternatives when they need more time to pay. Offering affordable, transparent financing products ensures patients can pay off their medical bills with dignity, access care when they need it and avoid unnecessary stress and anxiety.

CarePayment can integrate with any HIS system and has extensive experience with Epic, Cerner, McKesson, Meditech, and many others. The level of automation can vary based on the HIS system capabilities.

CarePayment offers a patient-friendly revolving line of credit at 0.0% APR. We do not impact a patient’s credit history in any way. Our program is completely transparent and complies with all applicable consumer lending laws and regulations.

There are companies that offer alternative products that are not as patient-friendly in one way or another. These products include medical credit cards, installment loans, and deferred interest plans. To learn more about the difference between the various financing products available read our white paper on patient’s financing options.