Here are three things to know.
1. Providers may try out the service at no cost, as Parasail does not charge transaction fees to new partners for the first 90 days, according to a news release.
2. Through Parasail’s patient payment app, the company said patients may apply for financing from their smartphone or computer in less than two minutes with no effect on their credit. Patient can also comparison shop fixed-rate loan options.
3. Adam Tibbs, Parasail’s co-founder and CEO, said, “There is a staggering need across the entire healthcare infrastructure to help patients and practices with an immediate solution. Opening our API to every company in the space — and charging no transaction fees to try it — will help more patients and doctors get financial relief immediately.”
More articles on healthcare finance:
65 financial benchmarks for hospital executives
Bankrupt California hospital closes
CHS to sell 25 hospitals as net loss swells to $1.7B in 2016
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.