No application or credit check needed for financing program
PENSACOLA, Fla. & PORTLAND, Ore.--(BUSINESS WIRE)--
Baptist Health Care (BHC) is adding more affordable financing options
for patients through CarePayment
®, a leading national provider of patient financing. Patients now
can opt for a 0.00% APR payment plan for up to 25 months, regardless of
credit history, employment or insurance coverage.
“With the rise in high-deductible plans and out-of-pocket costs,
patients are responsible for a growing portion of their medical
expenses. We want to make sure they receive the care they need when they
need it. CarePayment makes that possible with flexible and convenient
payment plans,” says Mark Faulkner, president and chief executive
officer of BHC.
A recent Gallup
poll found that 30% of U.S. adults say that they or a family member
have put off medical treatment in the past year because of the cost.
Between 2006 and 2012, employee out-of-pocket and payroll costs for
health care rose 82%, to an average of $5,000 a year, according to Aon
Hewitt, a leading global authority on insurance and reinsurance
CarePayment is an open end line of credit that features a 0.00% APR for
the life of the account. Patients can manage their accounts in a variety
of ways, including automatic payments, mobile and online account access,
and paper or electronic statements.
“We are pleased to support Baptist Health Care in their commitment to
providing excellent care to their communities. With CarePayment, Baptist
is responding to the changing needs of patients by introducing greater
payment choice and flexibility,” says Craig Froude, CarePayment CEO.
Headquartered in Lake Oswego, Oregon, CarePayment
provides flexible healthcare finance solutions that improve financial
performance for healthcare providers, increase patient satisfaction and
loyalty, and are compliant with applicable state and federal consumer
credit laws. The 0.00% APR payment program requires no application, has
no impact on credit score, and is supported by a friendly US-based
customer service staff. Accounts for the program are issued by WebBank
of Salt Lake City, UT.
About Baptist Health Care
Baptist Health Care is a community-owned, not-for-profit health care
organization committed to improving the quality of life for people and
communities in northwest Florida and south Alabama. The organization is
a proud member of the Mayo Clinic Care Network. A 2003 Malcolm Baldrige
recipient, Baptist continuously strives to be a national leader in
quality and service. Baptist Health Care includes four hospitals, two
medical parks, Andrews Institute for Orthopaedic & Sports Medicine,
Lakeview Center, Baptist Medical Group and Cardiology Consultants. With
more than 6,500 employees and employed physicians, Baptist Health Care
is the largest non-governmental employer in northwest Florida. For more
information, please visit www.eBaptistHealthCare.org.
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Baptist Health Care
Baptist Health Care