With Care4US, patients are able to pay and track medical bills for their dependents, without needing a personal assistant to keep all the payment deadlines, bill notifications, and reminders straight. Unlike the current multi-week, multi-step, multi-channel billing process in use, our customers can pay their provider instantly, schedule installments, and track medical spending from their smartphones with minimal fuss, optimized structure, and pragmatic reminder features.
Care4US Provides Better Insight Into Their Cash-Flow Based On Payment Selection
Providers are able to trigger debt collection at a fraction of the 40% commission rate that is the current industry standard on funds recovered. We take an essential, yet deeply loathed activity, and reduce the time spent to a few seconds of review and selection and automatic completion of payment thereafter. Patients core reasons for nonpayment are addressed and where payments are missed, the opportunity to engage with the patient via their smartphone means guaranteed reminder viewing. What’s more, unpaid bills can hurt patients’ credit scores for 7.5 years from the missed payment – even after the bill is settled. Doctors feel this strains their bond with their patients but have lack the time and resources to guide the patients through the payment process themselves.
Care4US’s bill recovery provides a safety net and pathway for users to return to normalized payment schedules in the event that they miss a payment.
By overall estimation, we project Care4Us evaluation is worth at least 50MM at this point.
TECHNOLOGY & IP