Medac Partners with Affordify® to Provide Patient Pay Solutions to Providers
January 15, 2019
NORTH AUGUSTA, S.C.–(BUSINESS WIRE)–Today Medac, Inc. announced a partnership with Affordify to provide
patient pay solutions to its providers. Affordify’s innovative
technology and process address the increase of out of pocket patient
balances, significantly improving the percentage of patient pay
collected. Affordify’s solution also addresses patient satisfaction,
bringing increased transparency for the patient prior to care, helping
address current and future Surprise Billing Laws.
“With patient out of pocket responsibility skyrocketing, healthcare
providers need a solution to address patient balances. Traditional
methods lack transparency and are ineffective. Affordify has solved the
issue by bringing transparency and payment technology to the front of a
procedure. If the patient understands what they are paying for and has
multiple means to do so, they will typically pay,” said Ryan Kraynick,
Chief Executive Officer of Affordify.
“Over the past 26 years, we have built a very strong company, in large
part, due to our strong commitment to providing high quality service and
value to our clients,” said Bijon Memar, CEO of Medac, Inc. “A
partnership with Affordify is another example of our continued
commitment to solve our providers’ needs and address the evolution of
healthcare.”
About Affordify
Privately held Affordify, Inc., operating out of Denver, CO, provides
innovative technology and service solutions that improve the collection
performance of healthcare providers. Affordify’s solution allows
healthcare providers to account for all patient charges in a patient’s
procedure in one simple user interface. This provides significant
efficiency to the healthcare administration staff, simple accounting for
the provider, and significantly improved transparency to the patient.
Affordify has integrated multiple payment processing solutions to solve
for the traditionally fragmented healthcare market. With Affordify, the
normal collection activity for medical debt is dramatically reduced as a
significantly greater percentages of patients pay their full balance and
pay it faster. For additional information, visit http://affordify.net.
About Medac Anesthesia Business Partners
A privately held corporation, Medac is one of the nation’s largest,
independently owned, anesthesia revenue cycle management companies,
dedicated exclusively to anesthesia and pain management. Medac’s revenue
cycle management services are designed to assist clients with the
business management functions associated with the delivery of anesthesia
services—in particular, the billing and collection functions—thereby
permitting providers and facilities to focus on providing quality
medical services to their patients. Medac’s quality, results-oriented
commitment to clients provides the most comprehensive and personalized
service possible while optimizing reimbursement. For additional
information, visit http://medac.com.
Contacts
Bellinger Moody, RHIA, CPC-1, CPC, CCP
President
706.799.9001
bmoody@medac.com