November 17, 2020
Livonia, Mich. (Nov. 17, 2020)—RevSpring, the leading provider of patient engagement and payment solutions, and Curae Finance, LLC, a national leader of nonrecourse healthcare financing for consumers, today announced an integration allowing customers of RevSpring’s PersonaPay portal to seamlessly offer Curae financing to patients who qualify.
Curae provides up to 100% of the patient responsibility paid directly to the healthcare provider within 24-48 hours of the transaction. Curae assumes default risk in the event that a patient is not able to satisfy the full payment amount. The loans are available to patients across a wide range of credit scores supporting more than 90% of the credit spectrum.
The integration between PersonaPay and Curae benefits RevSpring customers in multiple ways—quickly connecting eligible patients with financial resources, increasing collections and reducing the risk of bad debt—and increases the growing number of payment options already available through PersonaPay.
“We’re delighted to partner with RevSpring and to be part of its dynamic PersonaPay portal,” said Curae Finance CEO Christopher Stenglein. “Finding new avenues to reach patients who need access to financing supports our core mission of providing financial solutions to health systems and medical practices. Our loan programs free medical staff to focus on patient care, which coincides with RevSpring’s mission in the patient engagement and financial solutions space.”
Casey Williams, RevSpring’s senior vice president of payment applications, noted that the integration with Curae is part of RevSpring’s ongoing commitment to providing empathetic payment pathways for patients while assisting providers with revenue cycle management.
“Options are critical, especially during tough financial times, which is why RevSpring continues to pursue partnerships with leading financing companies such as Curae for the benefit of our customers and their patients,” Willams said. “Connecting eligible patients through the PersonaPay portal enables better financial outcomes and allows healthcare providers to achieve their financial goals.”
RevSpring leads the market in financial communications and payment solutions that inspire patients to participate in and pay for their healthcare. The company has built the industry’s most comprehensive and impactful suite of patient engagement, OmniChannel communications and payment solutions backed by behavior analysis, propensity-to-pay scoring, contextual messaging, and user experience best practices. Using proprietary data analytics to tailor the engagement from pre-service to post-service, RevSpring improves the financial experience and outcomes for providers and their patients. To learn more, visit revspringinc.com/healthcare.
About Curae™ Finance LLC
Believing the revenue cycle model in healthcare is fundamentally broken, Curae exists to empower providers to serve more patients through a suite of flexible, non-recourse-based financing options. Headquartered in Atlanta, Curae works with health providers across the United States. For more information about Curae and its solutions, please visit curae.com.
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