CareCentric Provides Patient Financing Solutions That Give Patients the Financial Freedom To Live Healthy™
CareCentric360 bridges the financial gap between medical treatment costs and financial means. Specializing in customized financing of healthcare services and procedures that might otherwise be inaccessible to patients, CareCentric provides superior partnerships to healthcare providers and their patients through a combination of financial technology and world-class people.
Using data from a national sample of health care claims, the Health Care Cost Institute found that cost for individuals in employee-sponsored insurance plans increased 44% over 10 years. Another report by the Health Care Cost Institute revealed that cost for privately insured individuals increased 4.6% in 2016 alone, the fastest rate in the previous four years. Growth of cost was attributed almost entirely to the annual increase in the prices of medical services. For most Americans, the obligation to provide upfront payment for services rendered continues to place medical treatment further and further out of reach.
With CareCentric360 Patient Finance, patients can gain access to vision, dental, audiology, orthopedics and other medical services they otherwise would not be able to obtain. To improve the overall patient experience, CareCentric provides each patient with an upfront payment estimator allowing patients to better understand their financial obligations before committing to medical treatments. Affordable payments are then arranged to reduce upfront medical costs, allowing the patient to pay over monthly terms that range from 6 – 60 months, in some cases, at a 0% interest rate. Furthermore, CareCentric360 provides patients with consolidated, easy to understand monthly statements, as well as other information which is delivered seamlessly through an intuitive patient financial portal.
Co-Founder and Managing Partner Matthew Maloney said, “CareCentric360 assists healthcare providers by delivering an unparalleled patient financing tool that allows patients to meet their financial obligations in an affordable way in order to gain access to necessary healthcare services. Through co-branding programs with healthcare providers, CareCentric maintains a close relationship with each healthcare provider we service, thus promoting continuity between the patient and the healthcare provider around their financial responsibilities and promoting confidence in patients. At the same time, healthcare providers benefit from the technology, exceptional customer service, and unlimited training and materials provided for internal office staff. A balanced blend of highly-trained people and cutting-edge technology provides a comprehensive experience for both patients and providers,” Maloney added. “By utilizing CareCentric360, patients and healthcare providers now have access to a healthcare payment solution that promotes the financial freedom to live healthy™.”
With a combined 100 years of experience in the deployment of financial solutions related to accounts receivables, the CareCentric team of professionals is dedicated to providing solutions specifically designed for hospitals, physicians, surgical centers, and non-acute care providers. As an affiliate of the FFAM360® family of companies, CareCentric360 has the distinction of being certified by the Women’s Business Enterprise Council (WBENC) as a women-owned business. CareCentric360 is headquartered in Atlanta, GA.