The Healthcare Financial Management Association (HFMA) recently reviewed HELP Financial's Patient Financing Solutions using the Peer Review process. After undergoing the rigorous review, HELP Financial's Patient Financing Solutions have been awarded the "Peer Reviewed by HFMA®" designation.
HELP Financial's Patient Financing Solutions are made up of three key components – Credit Line, Pre-Service, In-House Plan Funding – to provide a front to back revenue cycle patient payment solution. The HELP Credit Line program allows healthcare providers the ability to offer fully funded, easy and affordable payment plans to patients who have an out-of-pocket responsibility. With a consumer-focused approach, HELP's provider partners can offer up to a 60-month term with 0% APR to find the most affordable option for each financial situation. HELP Pre-Service option allows for the enrollment process to happen prior to services. In addition, HELP's In-House Plan Funding program provides a one-time conversion opportunity for an immediate influx of cash by moving the management of current in-house plans to HELP.
"It is an honor and privilege to receive HFMA's Peer Reviewed designation. HELP Financial can point to the invaluable relationships that we have with our current provider partners to make this a reality. We look forward to advancing the patient financing industry, as we have since 1989," said HELP Financial President and CEO Al Posa.
HFMA's Peer Review process provides healthcare financial managers with an objective, third-party evaluation of business solutions used in the healthcare workplace. The rigorous, 11-step process includes a Peer Review panel review composed of current customers, prospects who have not made a purchase, and industry experts. The Peer Review status of the healthcare business solution and its performance claims are based on effectiveness, quality and usability, price, value, and customer and technical support.
"We're pleased to have HELP Financial achieve their HFMA Peer Reviewed designation," said HFMA President and CEO Joseph J. Fifer, FHFMA, CPA. "The HFMA Peer Review process assures our members, through a rigorous evaluation, that the reviewed healthcare business solution meets an objective, third-party assessment of overall effectiveness, quality, and value."
View the Key Findings Report for a summary of HELP Financial’s Patient Financing Solutions performance.