PayGround’s progressive method to financing provides sufferers distinctive optionality in how healthcare payments are paid.
GILBERT, Ariz., Aug. 11, 2022 /PRNewswire/ — PayGround, a healthcare fintech funds platform, not too long ago introduced the launch of its affected person financing choice that healthcare suppliers can supply to sufferers who want monetary help to resolve their healthcare balances.
The PayGround app is designed to permit sufferers and their dependents to handle payments from all of their suppliers in a single resolution. PayGround removes the complexities and stressors of paying medical payments by serving to sufferers perceive their accountability and offering a number of fee strategies to meet that accountability — all from their PayGround Digital Pockets.
The PayGround platform streamlines the collections course of for healthcare organizations, which may gather onsite funds from their sufferers in addition to ship digital fee requests. Suppliers who use PayGround expertise a 23% improve in collections inside the first 90 days.
As high-deductible well being plans for people and households change into extra prevalent, the burden of healthcare prices lies more and more with the affected person. But research present that sufferers receiving a invoice better than $400 will wrestle to pay in full, which means a single main medical occasion may create a dire state of affairs for the typical American household. So, it is no marvel that healthcare suppliers generally say it takes greater than 30 days to gather fee.
“PayGround is advocating for sufferers with our ‘Get wholesome now, pay later!’ initiative,” says Adam Youthful, Chief Income Officer at PayGround. “Sufferers have change into one of many largest payers in healthcare, so it simply is sensible for PayGround to help by offering optionality for resolving their healthcare balances. PayGround is the one healthcare funds platform offering flexibility for a affected person to pay in full or over time leveraging an end-to-end portfolio of affected person help choices that embrace pre-service, time-of-service and post-service workflows.”
“PayGround’s affected person financing resolution is designed to advocate for sufferers and assist them customise a plan that they’ll assist financially to allow them to deal with their well-being and be capable to handle fee later,” says PayGround CEO Drew Mercer.
“Empathy and belief are a part of our core values, which require that we do what we are saying and search to grasp and assist the human expertise in all we do,” Mercer says. “As a result of healthcare usually comes with nice emotional stress, we need to do what we will to alleviate a number of the monetary stress related to paying a healthcare invoice throughout that point when sufferers want us probably the most.”
PayGround is a healthcare funds platform that streamlines the fee expertise for suppliers and sufferers. For people and households, it is an easy-to-use cellular app to handle, observe and pay all medical payments in a single safe place. For medical suppliers, it is a modernized fee platform that reduces prices, simplifies inside processes and boosts affected person and employer satisfaction. Welcome to PayGround, the place for healthcare funds.
Media Inquiries: Jana Berrelleza, [email protected]