Category: Recent News

Greater Need for Long-Term Patient Financing Results in Multiple Health Systems Selecting ClearBalance

ClearBalance records another strong year of growth for its patient financing solution in 2018 SAN DIEGO, Jan. 9, 2019 – Confirming that consumers increasingly want and need long-term patient financing to cover their out-of-pocket medical expenses, several new health systems began offering the ClearBalance® zero-interest patient financing program in 2018. Adding to their ranks were … Continue reading “Greater Need for Long-Term Patient Financing Results in Multiple Health Systems Selecting ClearBalance”

Consumers Expect Long-Term Patient Financing to Help Afford Care

Patients Share and Compare Financial Experience Stories SAN DIEGO, Dec. 11, 2018 – Just as consumers shop for the right care experience, now they think about the financial experience, too. According to the ClearBalance® 2018 Healthcare Consumerism study, 79 percent of respondents will ask their provider about payment options. What’s more, 94 percent expect their … Continue reading “Consumers Expect Long-Term Patient Financing to Help Afford Care”

ClearBalance ROI Value Model Receives HFMA Peer Review Designation for Fourth Consecutive Year

Posted by Healthcare Financial Management Association Chicago, IL, Sept. 17, 2018 (GLOBE NEWSWIRE) — The Healthcare Financial Management Association (HFMA) today announced that, following rigorous review, ClearBalance® has once again achieved the “Peer Reviewed by HFMA®” designation for its ROI Value Model™. The ClearBalance ROI Value Model identifies a healthcare provider’s cost to collect patient … Continue reading “ClearBalance ROI Value Model Receives HFMA Peer Review Designation for Fourth Consecutive Year”

Hackensack Meridian Health, Novant Health, VCU Health, Mosaic Life Care Named Top Winners for Patient Financing Performance

ClearBalance Honors Health Systems that Balance Patient Pay Affordability and Revenue Cycle Improvement SAN DIEGO, June 25, 2018 — Hackensack Meridian Health in New Jersey, Novant Health in North Carolina, VCU Health in Virginia and Mosaic Life Care in Missouri are top winners in the 2018 ClearBalance® Patient Financing Performance awards. The annual awards program … Continue reading “Hackensack Meridian Health, Novant Health, VCU Health, Mosaic Life Care Named Top Winners for Patient Financing Performance”

ClearBalance Builds on Patient Loan Demand with New Division

New Group Anticipates Changing Dynamics of Patient Pay SAN DIEGO, Jan. 22, 2018 –Health systems today must balance patient reimbursement with consumer expectations for an affordable, retail-like experience. There’s much at stake for a patient pay strategy that differentiates a health system and creates loyal consumers. ClearBalance® has created a new division, Customer Success and … Continue reading “ClearBalance Builds on Patient Loan Demand with New Division”

Healthcare Loan Program Helps Create Captured Consumer

Patient Cost of Care is Top of Mind SAN DIEGO – Healthcare organizations that offer and promote long-term financing to help patients pay their cost of care stand a better chance of increasing market share and preventing network leakage. According to the third annual Healthcare Consumerism study sponsored by ClearBalance®, 90 percent of patients/consumers surveyed … Continue reading “Healthcare Loan Program Helps Create Captured Consumer”

Hackensack Meridian Health and St. Vincent Named Top Performers in Making Care Affordable

Health Systems Exceed Metrics Based on ClearBalance ROI Value Model San Diego, June 26, 2017 – Hackensack Meridian Health, an integrated network of healthcare providers serving patients in New Jersey, and St. Vincent, part of Ascension – the nation’s largest Catholic and non-profit health system, serving patients in central and southern Indiana, are winners of … Continue reading “Hackensack Meridian Health and St. Vincent Named Top Performers in Making Care Affordable”

ClearBalance Consumerism Study Finds Patients Seek Affordable Healthcare Financing

SAN DIEGO, Sept. 14, 2016 – Healthcare is a big-ticket expense that requires long-term financing, according to 91 percent of patients/consumers responding to the ClearBalance® Healthcare Consumerism study. Now in its second year, the Healthcare Consumerism study measures awareness, satisfaction and loyalty with the ClearBalance consumer-friendly loan program. It also measures patients’ use of the program and … Continue reading “ClearBalance Consumerism Study Finds Patients Seek Affordable Healthcare Financing”