Zero-Interest Flex Program
Patients pay no interest over an extended period of time, dependent on the patient’s financial needs and account balance. Providers have the flexibility to offer each patient a monthly payment he or she can afford. This is a critical part of reducing default, keeping patients out of collections and improving patient satisfaction. Providers are immediately funded for patient account balances, and ClearBalance manages ALL aspects of customer servicing.
EZ-Flex Program
Complement current revenue cycle processes by offering an attractive alternative to patients who cannot pay their balance in one lump sum. Patients receive a revolving line of credit with a low interest rate and affordable monthly payments. Providers are immediately funded for patient account balances, and ClearBalance manages ALL aspects of customer servicing. The ClearBalance EZ-Flex Program offers patients the ability to pay their medical expenses by securing a loan with a below market interest rate.
The ClearBalance Zero-Interest Flex and EZ-Flex Programs offer a series of benefits to patients and providers, including:
Patient Benefits:
- No application necessary – we make it easy
- All patients qualify regardless of credit history
- Affordable monthly payments
- No prepayment penalties or punitive interest
- Consolidated statements for all amounts due to the healthcare provider
- Patients can easily add new obligations incurred at the healthcare facility
- Resolve balance over time without being sent to collections
Provider Benefits:
- Easy for staff to understand and use
- Easily meet patient needs by matching the monthly payment to an amount that the patient is willing, and able, to pay
- Reduce A/R days and bad debt
- Increase cash flow – accounts are funded immediately
- Higher net recoveries – statements sent in the bank’s name increase collectability
- By providing a fair and easy repayment option you increase patient satisfaction and census
