CarePayment
Patient Financing For Everyone.
Overview
CarePayment is a patient financing solution that partners with healthcare providers to offer patients long-term, 0.00% APR payment programs for their out-of-pocket medical expenses. The provider is paid upfront by CarePayment, which then manages the patient loan, removing the provider from the associated credit risk and collections burden. This helps improve patient access to care and reduces bad debt for providers.
✨ Key Features
- 0.00% APR Patient Financing Programs
- Upfront Provider Funding
- No Patient Application or Credit Check (in some programs)
- Seamless Integration with Provider Workflows
- Reduces Bad Debt and A/R
- High Patient Adoption
🎯 Key Differentiators
- Consistent 0.00% APR for all patients, which simplifies the offering
- Focus on partnership and seamless integration with the provider
- Mission-driven approach to improving healthcare affordability
Unique Value: CarePayment provides a simple, compassionate financial solution that benefits both patients (with 0.00% APR financing) and providers (with immediate payment and reduced bad debt), making healthcare more accessible and affordable.
🎯 Use Cases (4)
✅ Best For
- Named the top vendor for patient financing programs by Black Book Research for its interest-free models and strong patient adoption.
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Providers who prefer to manage their own interest-bearing payment plans
🏆 Alternatives
Unlike healthcare credit cards that may have deferred interest or complex terms, CarePayment offers a straightforward 0.00% APR loan, which can be a more patient-friendly and transparent option.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
- ✓ Dedicated Support (Enterprise tier)
🔒 Compliance & Security
💰 Pricing
Free tier: N/A - Provider pays a fee for the service
🔄 Similar Tools in Patient Payment Software
Cedar
A patient financial engagement platform that improves the end-to-end journey for consumers....
Rectangle Health
Offers patient payment and financing solutions specifically for healthcare practices....
athenahealth
An all-in-one, cloud-based platform for medical billing, EHR, and practice management....
Tebra
A unified platform combining practice management, billing, EHR, and patient engagement for independe...
AdvancedMD
A scalable, cloud-native platform for practice management, EHR, and medical billing....
Waystar
A leading provider of revenue cycle management (RCM) technology....