Give your patients another option...
The WE CARE® and WE CARE Plus Patient Payment Programs are designed with the patient, the provider and the community at the forefront. Medfinancial will build a partnership that begins with a strong awareness of the importance of patient engagement.
Providers can improve cash flow and reduce costs by offering patients a more convenient and reliable way to manage their self-pay medical expenses.
Providers struggle with managing and collecting the self-pay portion of patients' healthcare bills.
At the time of service or during financial clearance, instead of asking patients to select either "pay upfront" or "bill me later" for out-of-pocket expenses, provider registrars can introduce patients to a third financing option, the WE CARE Patient Payment Program. By partnering with Medfinancial, providers can offer patients a convenient, stress-free way to finance their out-of-pocket medical expenses with greater peace of mind.
Today, consumers are responsible for a much greater share of their healthcare costs, paying higher deductibles than ever before. As a result, providers struggle with managing and collecting the self-pay portion of patients' healthcare bills.
Maintaining and improving cash and liquidity levels in healthcare takes on increased importance for numerous reasons, including:
- A/R - Key Performance Indicators
- Once established, we collect > 95% of all payment arrangements on average
- Sustaining Day-to-Day Operations
- Working Capital Related to Reimbursement
- Capital Needs
- Business Unit Funding
- Maintaining Debt Service Covenants
- Your Patient's Credit Score Improvement
Wondering if we could be a good fit for your hospital or care service?