Services
If you are a provider of medical services Healthcare Finance Direct is uniquely
qualified to help you evaluate patient’s credit and their ability to pay their bills
and then set up payment plans designed custom for your practice. We are experts
at understanding a patient’s credit history and our proprietary credit engine is
the only system of its type. We will:
- Evaluate the Patient's credit and ability to pay based upon 9 factors of stability
and history.
- We classify the patients on our matrix from A-E with A being the those with the
highest likelihood to repay you and E having a more challenged credit history.
- We evaluate the procedure contemplated and asses a down-payment requirement based
upon the letter grade we provide.
- After recommending a down payment we will set up a monthly payment plan over the
term pre-determined with you, the provider.
- We provide a set of agreements and documents for the patient to sign allowing HFD
to automatically process the monthly payment from the patients bank account or credit
card.
- Once we collect the payment we pass it along to you via ACH directly depositing
it in your account.
- We follow-up on all payments that are declined and handle the collection phone calls
for you.
- Our portfolios perform on average of 93%.
- Our system is designed to help you comply with Federal Consumer finance laws such
as TILA, FCRA as well as state and local law.
- Our forms are designed to be compliant with these laws and regulations. Don’t
be fooled by less experienced payment processing companies, if you are taking more
than 4 payments for a service, after you rendered that service you are required
to comply with TILA, it is that simple. You are regulated enough; let Healthcare
Finance Direct handle your finance compliance issues.
- On-going compliance monitoring.
- HIPAA Compliant