Professional Recovery Consultants has a new solution for consumers struggling to pay their medical bills, according to the Association of Credit and Collection Professionals.
Here are four things to know about the service.
1. The service, called Horizon Health Fund, is a wholly owned subsidiary of PRC, located in Durham, N.C.
2. HHF offers users multiple long-term options to pay medical balances, including interest-free and low-interest options.
3. With HHF, funding will work as an open-ended line of credit, which means patients can add future balances if necessary, the ACC said.
4. Hospitals will receive upfront funding from HHF upon a patient's first payment.
More articles on finance and revenue cycle management:
AccuReg expands reach with new Tennessee office
Orbograph rolls out technology to 200+ hospitals and physician groups
Connance launches new, expanded RCM components