back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

PayGround launches Payment Financing Solution on its platform

By Leandra Monteiro

August 12, 2022

  • Buy Now Pay Later
  • Digital Lending
  • Digital Wallet
Share

PayGround PayGround, a healthcare FinTech payments platform, recently announced the launch of its patient financing option that healthcare providers can offer to patients who need financial assistance to resolve their healthcare balances.

The PayGround app is designed to allow patients and their dependents to manage bills from all of their providers in one solution. PayGround removes the complexities and stressors of paying medical bills by helping patients understand their responsibility and providing multiple payment methods to fulfill that responsibility all from their PayGround Digital Wallet.

The platform streamlines the collections process for healthcare organizations, which can collect onsite payments from their patients as well as send digital payment requests. Providers who use the platform experience a 23% increase in collections within the first 90 days.

“PayGround is advocating for patients with our ‘Get healthy now, pay later!’ initiative,” said Adam Younger, Chief Revenue Officer at PayGround. “Patients have become one of the largest payers in healthcare, so it just makes sense for PayGround to assist by providing optionality for resolving their healthcare balances. PayGround is the only healthcare payments platform providing flexibility for a patient to pay in full or over time leveraging an end-to-end portfolio of patient assistance offerings that include pre-service, time-of-service and post-service workflows.”

“PayGround’s patient financing solution is designed to advocate for patients and help them customize a plan that they can support financially so they can focus on their well-being and be able to address payment later,” said PayGround, CEO, Drew Mercer.

“Empathy and trust are part of our core values, which require that we do what we say and seek to understand and support the human experience in all we do,” Mercer said. “Because healthcare often comes with great emotional stress, we want to do what we can to relieve some of the financial stress associated with paying a healthcare bill during that time when patients need us the most.”

 

Previous Article

August 12, 2022

Maven 11 has launched Permissioned Pool on Maple Finance

Read More
Next Article

August 12, 2022

Funding Circle and Farm Bureau Bank collaborate to boost small business lending

Read More










IBSi Daily News Analysis

September 30, 2022

Buy Now Pay Later

Is sustainable/green finance needed more than ever before?

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

September 30, 2022

Inswitch and Mastercard International partner to deliver digital payments

Read More

September 30, 2022

Verity goes live with financial literacy app for kids in the UAE

Read More

September 30, 2022

Line and Checkbook partner to introduce faster payments options to its customers

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q3 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022