ATLANTA, Aug. 23, 2018 /PRNewswire-PRWeb/ -- Capio™, the leading provider of Patient Financial Wellness™, today announced
As health care costs continue to rise, patients are finding it increasingly difficult to pay their medical expenses, especially when the costs involve a medical emergency. Out-of-pocket spending for people with employer-provided health insurance has increased by more than 50 percent since 2010, according to human resources consultant Aon Hewitt. The Kaiser Family Foundation reports that in 2016, half of all insurance policy-holders faced a deductible responsibility of at least $1,000 before insurance reimbursements occurred. As a result, many patients avoid medical services due to growing financial pressure and fear of debt. At the same time, patients are now used to consumer-focused services, such as with Amazon and Expedia, and expect improved customer services and options.
"As the cost of medical care continues to trend upward, the need for new and innovative ways to pay for medical services continues to rise," said Steve Wright, Chief Revenue Officer, Capio. "Phil Surgala brings a long history of sales leadership to our team, and his combination of experience in health care and IT will help Capio expand our client base in key markets."
About Capio Capio, the Patient Financial Wellness Company™, provides a comprehensive financial and patient engagement platform delivered at all points along the patient journey by a single enterprise. Capio works closely with providers and their patients to address the increasing challenges created by the unprecedented shift of healthcare costs to patients. Their programs help patients pay their healthcare financial obligations by offering them a variety of tailored and affordable payment options, with compassionate care, at any point in their financial journey. Capio's provider clients benefit from an increase and acceleration of patient receivables performance and lower bad debt expense, while improving their patient satisfaction and loyalty. To learn about Capio and their mission, please visit capiopfw.com.
SOURCE Capio Partners
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