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Innovative Solutions for Healthcare’s Self-Pay & Co-Pay Dilemma

Innovative Solutions for Healthcare’s Self-Pay & Co-Pay Dilemma. 50% of the US Population is Uninsured Yet… 65% of the Uninsured are employed and could pay their Healthcare bills!. Healthcare for the Uninsured Adds $922 to family insurance premiums.

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Innovative Solutions for Healthcare’s Self-Pay & Co-Pay Dilemma

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  1. Innovative Solutions for Healthcare’s Self-Pay & Co-Pay Dilemma

  2. 50% of the US Population is Uninsured Yet… • 65% of the Uninsured are employed and could pay their Healthcare bills!

  3. Healthcare for the Uninsured Adds $922 to family insurance premiums. Source: Families USA. June 2005

  4. Key Questions? Are your Self-pay receivables a growing or significant burden on your Bottom line operations? Is this dilemma affecting the quality of your Healthcare services provided?

  5. Question? If you could increase your Self-pay and Co-Pay cash receipts by 15 - 20%, would you implement the solution?

  6. Question? What if the Self-pay solution was Risk-free and eliminated most all of your Costs of billing and collections?

  7. CreditCare’s patent pending Self-pay solution does this and more. Here’s how it works…

  8. CreditCare provides a proven System & Process to identify those who Can Pay so that they Will Pay. It targets amounts not paid by third-party Payers. The Uninsured (and large balance Co-Pay balances) are set up on Installment loans with affordable payment terms.

  9. CreditCare Systems handles all: • Loan Administration • Software, Systems, Training & Support • Billing, Postage and Personnel • Including Collections upon default.

  10. CreditCare even works in sensitive, high volume ER Departments when your Financial Counselors (or ours) are trained to Make it Work.

  11. The CreditCare Solution is a complete turnkey package with no software to install or systems to maintain. From any computer with internet access, log on to our secure server and begin processing.

  12. Contracts Printer PC Connected to the Internet CreditCare Systems turnkey, Self-pay Healthcare Solution PROVIDER PATIENT DEBTORS EFT $ ePayments Web Access and Support Services CreditCare Systems Secure Application Server CreditCare Systems Back Office and Customer Support

  13. The CreditCare System is an easy to use, Step by Step process that works. Here’s all you do…

  14. Step 1 Step 2 Step 3 Provider contracts with CreditCare to act as their Self-pay servicing agent. CreditCare provides its POS application software to convert Self-pay A/R into installment notes utilizing financing agreements. Provider’s financial counselors identify those patients not otherwise eligible for third-party payments and offer the CreditCare payment solution.

  15. Monthly payment terms are negotiated based upon calculations acceptable to both patient and provider. Step 4 Accepted terms and patient information automatically populate financing agreements generated for patient’s signature. Step 5 Patient agreements are transmitted to CreditCare who provides all installment loan servicing and administration. Step 6

  16. Provider receives weekly electronic funds transfer of payments received equaling 100 cents on the dollar for healthcare services provided. Step 7 CreditCare retains set up fees, interest, and penalty charges paid by patient for providing its services. Step 8 Provider accesses CreditCare’s website 24/7/365 to lookup and view accounts, contracts, and collection reports. Step 9

  17. Defaulted installment notes are automatically sent to Collections without Provider bearing collection expense. Step 10 CreditCare Systems, LLC 1880 S. Dairy Ashford Road Houston, Texas 77077 719-975-9550

  18. CreditCare Systems turnkey solution • Improves Cash Flows • Lowers Bad Debt Expense • Eliminates Billing & Collection Costs CreditCare Systems, LLC 1880 S. Dairy Ashford Road Houston, Texas 77077719-975-9550

  19. FOCUS Reports Show Contract History and Current Results

  20. Access from any PC 24/7/365 • Password Protected Secure website • Clerical and Administrative Levels • View Contracts & Query Results • Look up Facility Historical Data • Get On-line Help as needed. CreditCare Systems, LLC 1880 S. Dairy Ashford Road Houston, Texas 77077 719-975-9550

  21. Why Not Call CreditCare Systems Today? 1-800-xxx-xxxx CreditCare Systems, LLC 1880 S. Dairy Ashford Road Houston, Texas 77077 719-975-9550 or visit us at www.creditcaresystems.com

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