The healthcare patient financing provider CareCredit announced on Friday (April 2) that its app is now available through the Epic App Orchard, opening CareCredit’s service to hundreds of healthcare organizations that use Epic.
“When a health system implements the CareCredit Patient Financing app from App Orchard, CareCredit cardholders can pay co-pays, deductibles and medical bills not covered by insurance,” the company said in a news release. “The patient simply enters their payment information and selects a financing option with convenient monthly payments to fit their budget.”
CareCredit says this move will allow for real-time patient payment posting and reconciliation to help reduce accounts receivable (AR) and accelerate revenue cycles.
Serving 12 million customers, CareCredit’s credit card lets people pay for things not covered by their health insurance, such as dental work, veterinary care and hearing aids. Its patient financing app is HIPAA- and PCI-compliant, and adheres to OAuth 2.0 authentication protocols.
“As consumers assume more financial responsibility for their healthcare, CareCredit has evolved beyond elective care and now supports patients by enabling them to pay for non-elective medical bills and routine medical care,” Erin Gadhavi, CreditCare senior vice president, strategy and initiatives, said in the release. “The CareCredit Patient Financing App gives patients a convenient way to pay healthcare costs while also helping health services and hospital providers run efficient, financially healthy organizations.”
As Gadhavi said, if consumers are taking on more of a financial burden when it comes to healthcare, they’re also looking to get a little more out of the transaction.
As PYMNTS wrote in the recent Healthcare Innovations Playbook, people want their healthcare experiences to resemble their other digital retail experiences, “with user-friendly digital payment options that are easy to understand and access,” along with comprehensive information on payment options to allow for informed choices.
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