Anchorage, AK (PRWEB) July 31, 2013
Patient Payment Solutions, LLC., an innovative patient financing company, has announced the release of version 2.0 of their AFT™ system, a HIPAA and PCI compliant software. Their system offers a viable alternative to traditional credit-based financing currently being utilized by many healthcare providers. Doctors of various specialties including: chiropractors, dentists, orthodontic, cosmetic surgery, hearing care, vision, veterinary medicine and physical therapy - are recognizing the need for affordable payment plans with their patients. Their unique approach to patient financing is changing the way patients pay for healthcare.
With out-of-pocket expenditures for health services in 2013 estimated to reach well over $300 billion, combined with the lack of available credit due to the current economic downturn, healthcare providers have recognized that millions of Americans simply do not qualify for traditional financing, making it impossible for those patients to receive needed treatments.
Patient Payment Solution’s streamlined, web-based software allows providers the ability to offer flexible payment options to patients with no credit check. By making payments fit within the patient’s monthly budget, the doctor sees improved compliance with proposed treatment plans and increased case acceptance by new patients. Healthcare providers improve the profitability of their practice, as well as stabilize monthly balance sheets by building a recurring revenue stream.
Providers are also able to decrease billing expenses, by allowing the team of professionals at Patient Payment Solutions to provide account follow-up and management on all late or default payments. Third-party account management ensures a higher than average collections rate, while reducing the possibility of damaging the doctor-patient relationship.
About Patient Payment Solutions, LLC:
Patient Payment Solutions was founded by doctors and billing specialists whom have real world experience in the specialized world of healthcare financing. Patient Payment Solutions’ system was born to suit the specialized needs of providers in all areas of healthcare.
For more information, please visit: http://www.PatientPaymentSolutions.com.