Midland Memorial Hospital Introduces CarePayment Program

MIDLAND, Tex. – April 4, 2012 – Taking another significant step to improve the patient care experience, Midland Memorial Hospital just began offering CarePayment, an innovative patient loyalty and payment program, to help its patients cover out-of-pocket medical expenses.

By offering CarePayment, the 62-year-old non-profit hospital serving Midland County’s 140,000 residents will provide its patients more flexibility in covering medical expenses through a hospital-branded relationship card that makes it easy for patients to pay unexpected out-of-pocket expenses such as co-pays and deductibles over time.

The CarePayment loyalty and payment card will be available to anyone receiving care at Midland Memorial Hospital. Patients can make low minimum monthly payments over 25 months with 0% APR. Those who are current on their payments can re-use the card for future medical expenses.

“Midland is an excellent hospital system and a perfect fit for CarePayment,” said Joe Siedel, CarePayment general manager. “From our experience working with leading hospitals around the country, we are confident this program will improve the overall patient experience while addressing a sensitive financial challenge for hospitals.”

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About Midland Memorial Hospital

With a history dating back to 1950, Midland Memorial Hospital is well known locally and regionally for providing a full range of acute care services. This 320 licensed bed facility is a specialty provider of emergency medicine, cardiac care, vascular interventions, and advanced radiological and oncology services.

About CarePayment

Established in 2004, CarePayment helps patients pay their medical bills over terms of up to 25 months with 0% APR through accounts that are issued by WebBank of Salt Lake City, Utah. The hospital- branded loyalty card is an innovative approach that has proven to enhance the patient experience while simultaneously improving collection rates for the hospital. Many CarePayment hospital partners experience a twofold impact to their bottom line; one from the reduction in bad debt and the other from additional revenue as a result of attracting new patients. For additional information, please call (800) 316.4350 or visit carepayment.wpengine.com.

Contact:
Allison Yazdian, CarePayment VP of Marketing
415.813.4402
Allison.yazdian@carepayment.com
Or
Marcy Madrid, Midland Memorial Hospital Director of Marketing
432-638-4251
Marcy.madrid@midland-memorial.com