PORTLAND, Ore.--(BUSINESS WIRE)-- CarePayment, an innovative patient-pay solutions program, today announced its partnership with Kent Hospital, located in Warwick, Rhode Island. Through this partnership, Kent Hospital empowers its patients with the ability to have more flexibility and financial control over their healthcare expenditures. With the implementation of a hospital-branded relationship card, CarePayment enables patients to pay for hospital services at 0% interest over a period of 25 months. Kent Hospital is the first in Rhode Island to offer the CarePayment program.
The program makes unexpected medical bills less burdensome for those who are facing the rising costs of insurance plan deductibles, co-payments and other out-of-pocket costs, or are presently uninsured. The plan is available to almost the entire community of patients served by the Kent Hospital system.
“We continue to search for ways to improve our overall patient experience,” said Sandra L. Coletta, president and CEO, Kent Hospital. “The CarePayment system is one more way for us to offer care while providing patients with a payment option that is manageable and convenient.”
“We are proud of the opportunity to have a partnership with Kent Hospital,” said CarePayment CEO Jim Quist. “We look forward to working with this great organization to provide such a worthwhile benefit to their patients and community by helping to improve the patient experience.”
About CarePayment
Established in 2004, Portland, Oregon-based CarePayment® is a program that enables patients to pay for hospital services at 0% interest over an extended period of time, while providing hospitals with immediate funding for patient-pay receivables. This unique program enables hospital clients to improve cash flow, reduce receivable days and dramatically increase the percentage of collected patient-pay receivables. Hospitals that have implemented CarePayment have seen improvements on their balance sheets and reported increased patient satisfaction.
For additional information, please visit www.carepayment.com.
About Kent Hospital
Kent Hospital, a Care New England Hospital, is a 359-bed, nonprofit, acute care hospital serving approximately 300,000 residents of Warwick, West Warwick, East Greenwich, West Greenwich, Coventry, and parts of North Kingstown, Exeter and Cranston, Rhode Island. Kent Hospital has more than 2,300 employees, a medical staff of more than 600, a volunteer corps of 250 and 350 auxilians.
CONTACT:
CarePayment
Tracy Connelly, 503-419-3513
[email protected]
KEYWORDS: United States North America Oregon Rhode Island
INDUSTRY KEYWORDS: Health Hospitals Professional Services Finance
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