PATIENT COVERAGE
Today’s trends in healthcare are creating an increasing need for unique payment methods for anyone needing help with healthcare coverage. Especially for those who cannot afford healthcare due to increasing costs of living and the ever rising cost of healthcare.
Healthcare providers today are finding it more and more difficult to get paid on procedures as their AR grows, facilities adding interest to patient’s outstanding balances which only increases the amount owed to the provider and the debt quickly gets out of hand. Collections ensue, decreasing profit for the provider adding more work for the provider and unwanted and unnecessary stress to the patient. Insurance companies are slow to pay, even up to 3-4 months after completion of procedures, providers and facilities are still waiting to be reimbursed by insurance companies and lenders.
Existing Coverage alternatives are not solving this problem because of their high interest rate, mandatory credit checks and high FICO scores required for patient’s to gain Coverage, leaving 75% of the general population unable to qualify. Some patient’s debt could take up to 5 years to pay back due to high interest which decreases the probability that patient’s will ever be able to completely pay back the debt.
This is where CarePayUSA comes in! CarePayUSA has a unique solution allowing 95% approval for patient coverage – even while standing in the provider’s office! Simply select if you are a Provider or Patient, quickly and easily complete the application form online and we will immediately contact you to process and approve the application.
CarePayUSA takes care of the entire process. It’s that simple.
Key Benefits of our Patient Coverage
CarePayUSA brings more profit to your practice with the following key benefits:
- We approve 95% of applicants so you never lose revenue due to a patient’s inability to pay.
- We purchase your AR up front.
- Generate more revenue by increasing patient volume.
- Patient pays 0% interest with no retroactive penalties for late or missed payments.
- We can also purchase your outstanding balances up to 90 days old and put those patients in the CarePayUSA program.
Same Day Approval
We approve all patients the same day prior to leaving the office. This secures financial responsibility and lowers the risk for the provider.
Zero interest to your patients
We help clients define the target customer or sweet spot — the area of distinct advantage over competitors—to inform business decisions and investment allocation.
Upfront Payment to you
We ensure marketing investments are generating highest returns and reinforcing the brand positioning; and build a loyal customer base through branding that cultivates a strong, trusted image.
Monthly Payments
We work with companies to develop a series of positive interactions with the customer to earn their advocacy and inform consistent delivery of experiences to drive top-line growth.