Hospital officials are hoping the program will bring relief to self-pay patients and those with high-deductible health plans, according to the report.
“It has become increasingly common for our patients to have $3,000, $5,000 and $7,000 deductibles,” Powell Valley Healthcare CFO Joy Coulston said, according to the report. “This large amount is difficult for many patients to cover, and we are hoping this can be a great option for our patients.”
Ms. Coulston said the hospital receives payment right away when a patient starts using CarePayment. The fees for the program — varying from 6 percent to 8 percent — are smaller than what a person would pay a debt collection service, according to the report.
The program is scheduled to begin May 1.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
