ATLANTA--(BUSINESS WIRE)--Patientco, the leading provider of cloud-based patient revenue cycle technology that empowers healthcare providers to optimize the patient payment process, announced today that during first quarter of 2015, more than 2.4 million new patients across multiple healthcare providers were added to its user base and will now have the ability to easily manage, track and pay their healthcare expenses. This record growth follows an exciting year of enhancing platform capabilities, expanding its client roster, forming strategic partnerships and recruiting new team members. This momentum demonstrates Patientco’s ongoing commitment to revolutionizing patient revenue cycle technology for hospitals focused on improving the patient financial experience.
“Healthcare organizations are learning how to factor patients into the traditional way they’ve operated from a revenue cycle perspective, which is not an easy task as most are dealing with shrinking margins, competing priorities and relying heavily on a new and powerful revenue source: patients,” said Bird Blitch, CEO of Patientco. “The Patientco team is dedicated to delivering modern, scalable and responsive technology to help our clients realize patient revenue success.”
Over the past year, Patientco has worked to redefine the patient revenue cycle, improving cash flow and patient satisfaction for providers across the U.S. This effort has contributed to major growth for the company, including:
- Enhancements to their patient revenue cycle platform, including the new, mobile-ready PatientWallet℠, advanced reporting capabilities, system security improvements and a comprehensive point-of-service payment solution;
- Expansion of their client roster, adding leading healthcare organizations including Cone Health, Highlands Regional Medical Center, Effingham Health System, Crisp Regional Hospital and more; and
- Addition of nearly 20 full-time employees to ensure ongoing client support and continued innovation.
“Our team is extremely well positioned to secure yet another year of superb growth and perfect client retention,” said Kurt Lovell, COO of Patientco. “Our clients expect the best from us, always motivating us to consistently improve from both a technology platform and customer service perspective, and we are committed to working with them to beat patient debt.”
Anticipating to double its team to support a 3-5x projected growth in payments, Patientco is continuing to push the envelope of technology to ensure they provide a robust, high-performing solution with best-in-class revenue cycle functionality.
For additional information about Patientco’s patient revenue cycle platform, visit www.patientco.com.
Patientco is the leading provider of cloud-based patient revenue cycle technology that empowers providers to optimize payments and increase business office efficiency through consumer-centric technology. Patientco goes beyond basic payment capture to connect every patient payment event throughout multi-facility networks—delivering unrivaled visibility into and control over the patient revenue cycle. The result is improved cash flow, reduced A/R days, cost-saving efficiencies and increased patient and provider satisfaction. For more information, visit https://www.patientco.com/.