CHARLOTTE, N.C.--(BUSINESS WIRE)--AccessOne, a leading provider of patient financing options designed to help patients manage their healthcare costs, today announced its partnership with Halifax Health, East Central Florida’s largest health system with more than 500 physicians and 56 subspecialties. AccessOne’s tailored financing programs will give Halifax Health the ability to offer patients flexible payment options regardless of circumstance, ultimately improving patient access to care.
“For the past 90 years, we’ve offered our community award-winning clinical outcomes and innovation in technology, and we consider our partnership with AccessOne an extension of that excellence,” said Arvin Lewis, SR Vice President and Chief Revenue Officer at Halifax Health. For many patients, the cost of their copay and deductible is out of reach, “With AccessOne, Halifax Health will now be able to provide tailored, consumer-driven financing options to address our patients’ increasing financial burdens.”
According to Advisory Board Company’s 2017 Revenue Cycle Survey, the number of denied claims hospitals wrote off as uncollectable increased by 90 percent as compared to six years ago, a difference of $3.5 million for a median 350-bed hospital. The upward trend in patients’ out-of-pocket expectations and premiums continue to grow due to policy changes and instability, leading to an affordability crisis that can be mitigated by improved patient financial options.
Halifax Health plays a vital role in its community as a safety net hospital, providing care to all patients, regardless of their ability to pay, including $44.4 million in uncompensated care at cost and $17.1M in subsidized services. Despite the financial burden of serving its more vulnerable populations, this health system has continuously focused on Safety, Compassion, Image & Efficiency, to expand its services and market.
“Patients should never have to worry about affording access to the care they need,” said David White, EVP of Business Development for AccessOne. “Halifax Health and Access One share a mission of improving access, and we’re eager to further support them in helping every patient afford the care they need to live their life well.”
For more information about AccessOne, please visit www.accessonemedcard.com.
Founded in 2002, AccessOne is a leading provider of patient financing options designed to help patient consumers manage their healthcare costs while driving best in class hospital reimbursement. AccessOne offers comprehensive low and no interest payment options for all patient balance types including high-deductible, catastrophic and financial assistance. No patient is ever denied credit or credit reported, and providers can rely on AccessOne to capture more revenue while driving compliance and financial performance. To learn more, visit www.accessonemedcard.com and connect with us on LinkedIn.
Recognized by The Joint Commission as a Top Performer on Key Quality Measures, Halifax Health serves Volusia and Flagler counties, providing a continuum of healthcare services through a network of organizations including a tertiary hospital, community hospital, freestanding emergency department, an urgent care, psychiatric services, a cancer treatment center with five outreach locations, the area’s largest hospice, a center for inpatient rehabilitation, primary care walk-in clinics, a walk-in clinic specializing in women’s health, a pediatric care community clinic, three children’s medical practices, a home healthcare agency, and an exclusive provider organization. Halifax Health offers the area’s only Level II Trauma Center, Comprehensive Stroke Center, Pediatric Intensive Care Unit, Pediatric Emergency Department, Child and Adolescent Behavioral Services, complete Neurosurgical Services, OB Emergency Department and Level II Neonatal Intensive Care Unit that cares for babies born as early as 28 weeks. For more information, visit halifaxhealth.org.