AURORA, Ill., May 26, 2011 /PRNewswire/ -- UMC Healthcare Collections, L.L.C. - a wholly owned subsidiary of UMC, Inc. (Pinksheets: UMCN) - formally introduces its Show Me My Discount electronic payment processing platform to the healthcare marketplace. The Show Me My Discount payment processing platform is a secure, web-based, patient-driven, electronic solution for late stage accounts receivable collections that provides time sensitive discounts to users. According to Patrick Gough, the Company's chief operating officer, "This e-commerce solution was developed to provide secure, innovative, technology to aid patients in resolving their outstanding obligations without, what many patients perceive as, the hassle of human or collector intervention." Gough further stated, "Patients simply follow the instructions outlined in the invitation letter that directs them to www.ShowMeMyDiscount.com, log-in to the website using information provided to authenticate, and take advantage of time sensitive, preapproved discounts on their outstanding medical account balances. It's easy to use and effective."
This platform will be immediately marketed to members of the medical community and ARM service providers who understand that, from time to time, patients with no insurance or higher deductibles and co pays may require extra inducements to prioritize curing their outstanding medical obligations. Additionally, the Show Me My Discount electronic processing platform provides healthcare ARM servicers and professionals - who continually seek innovative ideas to offer their customers - an effective way of increasing returns while keeping their client's community image in mind.
About UMC, Inc.
UMC, Inc., through its subsidiaries and affiliates, provides revenue cycle management solutions to hospitals, physician group practices, clinics, and other healthcare providers. Its services include e-commerce software solutions, extended business office, and traditional collections targeted to the healthcare industry. For more information, please visit www.umchealthcare.com or www.ShowMeMyDiscount.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks that may cause UMC, Inc.'s performance to differ materially. Such risks include, without limitation: changes in trends in the financial services industry; our ability to compete successfully with competitors in the market; our ability to maintain client contracts or to enter into new contracts; uncertainties related to future incentive payments; and, our ability to operate successfully in new lines of business.
SOURCE UMC, Inc.