Today Medac, Inc. announced a partnership with Affordify to provide patient pay solutions to its providers. Affordify’s innovative technology and process address the increase of out of pocket patient balances, significantly improving the percentage of patient pay collected. Affordify’s solution also addresses patient satisfaction, bringing increased transparency for the patient prior to care, helping address current and future Surprise Billing Laws.
“With patient out of pocket responsibility skyrocketing, healthcare providers need a solution to address patient balances. Traditional methods lack transparency and are ineffective. Affordify has solved the issue by bringing transparency and payment technology to the front of a procedure. If the patient understands what they are paying for and has multiple means to do so, they will typically pay,” said Ryan Kraynick, Chief Executive Officer of Affordify.
“Over the past 26 years, we have built a very strong company, in large part, due to our strong commitment to providing high quality service and value to our clients,” said Bijon Memar, CEO of Medac, Inc. “A partnership with Affordify is another example of our continued commitment to solve our providers’ needs and address the evolution of healthcare.”
Privately held Affordify, Inc., operating out of Denver, CO, provides innovative technology and service solutions that improve the collection performance of healthcare providers. Affordify’s solution allows healthcare providers to account for all patient charges in a patient’s procedure in one simple user interface. This provides significant efficiency to the healthcare administration staff, simple accounting for the provider, and significantly improved transparency to the patient. Affordify has integrated multiple payment processing solutions to solve for the traditionally fragmented healthcare market. With Affordify, the normal collection activity for medical debt is dramatically reduced as a significantly greater percentages of patients pay their full balance and pay it faster. For additional information, visit http://affordify.net.
About Medac Anesthesia Business Partners
A privately held corporation, Medac is one of the nation’s largest, independently owned, anesthesia revenue cycle management companies, dedicated exclusively to anesthesia and pain management. Medac’s revenue cycle management services are designed to assist clients with the business management functions associated with the delivery of anesthesia services—in particular, the billing and collection functions—thereby permitting providers and facilities to focus on providing quality medical services to their patients. Medac’s quality, results-oriented commitment to clients provides the most comprehensive and personalized service possible while optimizing reimbursement.