Here are three things to know.
1. The program features low-cost healthcare financing plans aimed at benefiting healthcare providers and their patients, according to a news release.
2. HARP provides enough interest for the hospital to bear patient balances for longer terms while covering the cost of billing the patients for up to four years, the release states.
3. “With patients facing higher deductibles, and research trending toward even higher co-insurance rates, it was apparent to us that patients and healthcare providers share a common concern. Households and healthcare providers need cash flow to stay afloat,” Mark Edwards, CEO of Credit Bureau Systems, said in the release. “We borrowed a page from the retail industry by designing a program that features zero percent interest financing for up to twelve months and low interest financing for those patients who require extended payment terms.”
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