SAN DIEGO, Aug. 3, 2011 — CSI Financial Services (CSI), the healthcare industry’s leader in providing patient-friendly bank loans, today announced its partnership with Centra Health System in Lynchburg, Va. CSI’s signature low-interest ClearBalance loans will provide patients at all Centra Health facilities with the opportunity to receive a long-term payment option featuring low monthly payments.
According to Joe Koons, Centra’s managing director of revenue cycle, the ClearBalance program “assures that repayment options with low monthly payments are available to individuals who have received treatment from our hospital, but who are unable to pay their balances in full.”
Centra Health recently was honored as a Healthcare Financial Management Association’s (HFMA) 2011 MAP Award Winner. The MAP Award showcases healthcare organizations that have met or exceeded criteria in revenue cycle performance, financial performance, innovation and patient satisfaction.
“We are excited to partner with Centra Health and further its first-class care to include the patient’s financial well-being,” said Mitch Patridge, CSI’s chief executive officer. “We understand patients are contending with higher deductibles and higher co-pays. The ClearBalance program provides patients an affordable way to meet their financial obligation.”
Patridge noted that the ClearBalance program is supported by the company’s best-in-class customer service center, in which each team member is specially trained to ensure patients are treated with honesty, fairness and compassion.
The ClearBalance low-interest loan program offers monthly payments as low as $20 per month (depending on balance amount) and includes no annual fees or prepayment penalties for patients that participate in the program.
Featuring easy qualification criteria and no written application, the ClearBalance program allows patients to quickly and easily qualify for a patient-friendly bank loan, as well as the ability to consolidate accounts and combine accounts for family members. Patients can pay their monthly bill via mail, phone, Internet or automatic debit.
About CSI Financial Services
CSI Financial Services offers the patient-friendly ClearBalance loan program and is the premier provider of patient loan programs. Since 1992, CSI has funded more than $600 million in patient loans, enabling hundreds of thousands of patients to easily and affordably repay their healthcare obligations. CSI maintains its corporate office in San Diego, Calif., with regional sales offices throughout the United States.