Curae and Piedmont Healthcare Announce Strategic Arrangement to Provide Non-Recourse Financing for Patients

ATLANTA, June 3, 2019 /PRNewswire/ -- Curae™ is extremely proud to announce the successful implementation and launch of healthcare's first integrated non-recourse, patient-financing solution with Piedmont Healthcare. Curae™ lines of credit, provide financing to Piedmont Healthcare patients with all types of credit profiles. There is no impact to patients' credit scores to see whether they qualify for a Curae™ line of credit, which is an unsecured revolving line of credit. Curae™ lines of credit are issued by The Bank of Missouri, St. Robert, Mo.

Curae Finance, LLC, is a subsidiary of Atlanticus Holdings Corporation, which has been in the consumer finance market more than 21 years servicing more than 17 million customers and supporting lenders who have originated over $25 billion in loans. Curae™ lines of credit are healthcare specific, patient-financing solutions for many types of healthcare providers including acute, surgical and elective disciplines. Curae™ lines of credit are available to consumers at specific healthcare providers and provide funding to the provider within 48 hours without further obligations upon default.

A private, not-for-profit organization with nearly 660 locations serving 2 million patients across Georgia, Piedmont is transforming healthcare, creating a destination known for the best clinicians and a one-of-a-kind experience that always puts patients first. Today, more than 110 years since it was founded, Piedmont is known as a leading health system in cancer care, treatment of heart disease and organ transplantation with 11 hospitals, 24 urgent care centers, 28 Piedmont QuickCare locations, 555 Piedmont Clinic physician practice locations and more than 2,000 Piedmont Clinic members. Piedmont's 23,000-plus employees dedicate themselves to making a positive difference in every life we touch and our commitment doesn't stop there. In FY 2018, Piedmont provided nearly $225 million in uncompensated care community benefit programming in an effort to better the health and well-being of the people in the communities we serve. For more information, visit piedmont.org. Piedmont is excited to offer the Curae solution to their patients to help with out of pocket medical expenses and the challenge of rising patient deductibles.

"We chose CURAE due to the innovative features of their solution and their ability to seamlessly integrate into our environment allowing us to provide a consumer driven and patient friendly experience. The initial experiences are proving positive and we look forward to our continuing our partnership to support our patients' financial care needs," said Brian Unell, VP of revenue cycle at Piedmont Healthcare.

"Curae is delighted to work with a world class health system like Piedmont Healthcare. Our common mission in assisting patients in managing their healthcare expenses by providing access to flexible, affordable options in a mobile first, consumer rich experience is paramount," says Christopher Stenglein, CEO of Curae Finance, LLC, the servicer for the Curae™ lines of credit.

"I am proud of our Curae team," he adds, " they work tirelessly to deliver innovation to meet the growing consumer demand in healthcare for payment solutions. Our consumer first approach has proven to increase patient satisfaction and reduce provider servicing costs."

SOURCE Curae