Editor’s Note: This article originally appeared on VisitPay’s website.
With the launch of the Balance Transfer program, VisitPay now offers providers a fully automated and economically sustainable approach to financing patient receivables. The program minimizes days accounts receivable and improves liquidity metrics, while seamlessly maintaining VisitPay’s provider-branded online experience for patients.
“Managing long-term patient debt is not a core competence for most providers,” said Kent Ivanoff, VisitPay CEO and Co-Founder. “It distracts them from fulfilling their core mission of delivering outstanding patient outcomes. The proposed financing will allow providers to augment the unmatched billing experience created by VisitPay with a fully automated, low-cost financing solution.”
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