Memorial Healthcare System taps ezCarePoint to provide instant online financing for patients’ out-of-pocket medical costs
Patients can take out affordable loans to cover medical costs at the moment they need them
SUNRISE, Fla.–(BUSINESS WIRE)–Patients at facilities run by South Florida’s Memorial Healthcare System (MHS), one of the nation’s largest public healthcare systems, can now easily and quickly finance their out-of-pocket medical fees online, thanks to a new program powered by ezCarePoint, a next-generation medical financing technology platform created by ezVerify, a Sunrise, Fla. based company and LendingPoint, a Kennesaw, Ga. based company.
After creating a profile and logging into the MHS website experience, patients for the first time will have at their fingertips the ability to understand the financial obligations associated with their medical care through a detailed statement and then apply for a loan to cover the portion of the cost that is their responsibility. Patients will be notified of approvals in a matter of seconds. Funds from the loan automatically pay the entire bill up front, and the patient repays on the schedule supplied in the offer.
“Allowing the patient to understand the financial obligations for their medical procedures in a stress-free, private environment is key — especially during a time when people should be focused on their health,” said Matthew Muhart, Executive Vice President of MHS. “ezCarePoint, is a simple, transparent solution that helps make medical care more affordable to everyone. Transparency in healthcare costs is long overdue.”
ezCarePoint debuted last year as a joint venture between the online loan platform LendingPoint and ezVerify, a technology company that offers health insurance verification and validation. ezCarePoint provides critical transparency in medical billing and patient obligations to both the patient and the medical facility. The service assesses and provides financing for patient copay, deductible and out-of-pocket costs at point of medical care, providing flexible payment plans and loans to cover medical costs that patients may otherwise struggle to afford – all in an easy to navigate and understand user experience.
“ezCarePoint is committed to providing affordable financing to people exactly when they need it, and there’s no more important time than when someone is faced with an unexpected medical bill,” said Dr. Gerald Glass, CEO of ezVerify and Tom Burnside, CEO of LendingPoint, in a joint statement. “The ezCarePoint technology we developed together ensures patients understand their financial obligations and can pay medical bills in a way that is realistic for their pocketbooks.”
Memorial Healthcare System is one of the largest public healthcare systems in the country and is a national leader in quality care and patient satisfaction. Its facilities include Memorial Regional Hospital, Memorial Regional Hospital South, Joe DiMaggio Children’s Hospital, Memorial Hospital West, Memorial Hospital Miramar, Memorial Hospital Pembroke and Memorial Manor nursing home. The system received the following recognitions: Modern Healthcare magazine’s “Best Place to Work in Healthcare,” Florida Trend’s “Florida’s Best Companies to Work For,” and Becker’s Hospital Review’s “150 Great Places to Work in Healthcare.” For more information, visit mhs.net.
ezVerify’s revolutionary health insurance verification and validation proprietary technology enables patients and their healthcare providers to obtain real-time, accurate information regarding co-insurance, deductibles, in- and out-of-network benefits, co-payments and more. This technology enables patients to understand and plan for their financial responsibilities regarding treatment, and providers to receive payment or make arrangements for payment with patients in advance of healthcare services being provided. With all of the changes, confusion and disruption in the health insurance landscape resulting from healthcare reform, ezVerify is transforming the healthcare industry by empowering patients and providers nationwide with access to real-time, transparent, accurate insurance coverage information. It is a privately held company headquartered in Sunrise, Fla. To more information, visit www.ezVerify.com.
LendingPoint is a Fintech lending platform that offers personal loans and point-of-sale financing. The company is creating a better lending and borrowing experience by looking for more reasons to say “yes” — helping consumers across the credit spectrum unlock access to affordable loans. Its LendingPoint Merchant Solutions platform provides merchants and other service providers a fully integrated, one-stop retail financing solution to convert more customers at the point of sale.
LendingPoint was named in 2018 one of the nation’s best consumer loan companies by U.S. News & World Report, one of the Best Personal Loans by NerdWallet, the fastest-growing private company in metro Atlanta by the Atlanta Business Chronicle, and one of the Top Workplaces by the Atlanta Journal-Constitution. It is a privately held company headquartered in Kennesaw, Ga., with offices in San Diego. For more information, visit www.lendingpoint.com