ClearBalance, a patient financing service provider, recognized four health systems for their patient financing performance in conjunction with the Healthcare Financial Management Association.
St. Cloud, Minn.-based CentraCare Health and Augusta-based MaineGeneral Health were named 2019 patient financing top performers, the company announced in a June 24 news release.
ClearBalance said the recognition is based on its ROI Value Model tool, which sets standards in terms of measuring patient financing performance.
CentraCare, an integrated health system, achieved a 487 percent return on investment using long-term patient financing.
MaineGeneral Health, a nonprofit system serving residents of the greater Kennebec Valley through its patient financing program, helped patients cover medical costs for nearly 16,000 care episodes over seven months, according to ClearBalance.
ClearBalance also recognized Harrisburg, Pa.-based UPMC Pinnacle, part of Pittsburgh-based UPMC, as well as Louisville, Ky.-based Norton Healthcare.
The company said UPMC Pinnacle received the Top Performer ROI Award in the veteran category, achieving a 416 percent return on investment for its patient financing program.
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