As the healthcare payment burden continues to shift to consumers driving medical providers' bad debt higher, providers require more sophisticated approaches to managing patient payments.
Most consumer industries, including retailers, auto dealers, and appliance, electronics & furniture dealers outsource the management of consumer receivables to sophisticated financial services companies who can offer affordable retail finance solutions to customers. These payment solutions make it easier for customers to pay for products & services over an extended period of time and remove the cost and burden of account management from the retailers & dealers.
Vitality is bringing a similar next generation approach to the medical industry. Using our sophisticated data analysis techniques and bank partnerships, we are able to offer tailored and affordable financial products to patients so that they can repay their outstanding debt to the provider or hospital. Contact us to learn more about how our proprietary patient financing service is unique in the medical industry, including options for non-recourse loans.
Contact Vitality today to learn more about our next-generation approach to patient financing.
