New payment program focuses on eliminating financial barriers to quality healthcare
CHARLOTTE, N.C., September 21, 2021 – AccessOne, a leading provider of patient financing options designed to help consumers manage their healthcare costs, today announced a partnership with Atrium Health Wake Forest Baptist, one of the largest academic health systems in North Carolina. All patients of the 1,535-bed health system will qualify for low or no-interest payment plans that they can adjust based on their financial needs without added financial burden on the health system.
Wake Forest Baptist Vice President of Patient Financial Services, Anthony Cunningham, understands the challenges facing many patients. “It has been more than 18 months since the pandemic began, and many of our patients are still feeling the financial impact of COVID-19,” he said. “Physical health and financial health are both important, and we want to ensure everyone has access to flexible, affordable payment plans so they can get the care they need, when they need it. Patients also have the convenience of combining all their Wake Forest Baptist bills for their family into a single, manageable, monthly payment.”
Meeting the needs of all patients, regardless of their financial situation, is one of Wake Forest Baptist’s top priorities. According to a Transunion report, 40% of consumers would put off paying medical bills due to financial hardship, second only to student loans. Additionally, two-thirds of consumers reported concern about their ability to pay for their medical expenses in 2021 due to the financial pressures of the pandemic.
“Inclusive patient financing is one of the best ways for the healthcare system to enable equal access to quality healthcare,” said Mark Spinner, CEO, AccessOne. “Our technology-enabled managed service automates the patient financing process, making it easy for both patients and healthcare staff. Patients don’t have to decide between their own financial health and their healthcare needs, and the payment process is streamlined making it convenient for healthcare staff.”
For more information about AccessOne, please visit accessonepay.com.