Healthcare Finance News today reported that, Midland Memorial Hospital in Midland, Texas, recently began offering CarePayment, an innovative patient loyalty and payment program based out of San Francisco, to help its patients cover out-of-pocket medical expenses by letting them pay back bills over a period of time.
Interesting story how one hospital is working to get more cash in the door with a payment program. I believe this continues to show how the patient and the provider are going to be tied closer and closer with their care and payments.
I remember hearing a stat on a CNN report on healthcare that something like 5% of the population makes up 50% percent of the costs in healthcare.
Healthcare Finance News and CNN links
Jay M. Tolchinsky, Executive Director Marketing