COLUMBIA, Mo.--(BUSINESS WIRE)--Paytient, a provider of financial technology that helps patients avoid medical debt through employer sponsored benefits, announced Trent Haywood, M.D., J.D will be joining the company as a Strategic Advisor.
Paytient has launched the first interest-free payment solution to help employees avoid medical debt. Dr. Haywood will support the company by guiding go-to-market efforts and shaping the overall product roadmap – with a particular focus on helping patients by creating partnerships among employers, healthcare providers and payers.
“The breadth of Dr. Haywood’s experience in the healthcare sector is going to be a powerful catalyst that will accelerate Paytient’s ability to improve access to care while reducing preventable financial harm due to the increasing share of healthcare costs borne by patients,” said Paytient CEO, Brian Whorley. “We are very excited about this partnership, and about what it means for Paytient’s ability to help Americans strengthen their physical, mental and financial health.”
“From painful personal family experiences, I know patients avoid necessary healthcare services when they lack financial support. Paytient seeks to ease such financial strains for American families,” said Dr. Haywood. “When one-third of Americans are carrying medical debt, we need innovative solutions that work at the intersection of employers, health systems and health plans.”
Previously, Dr. Haywood served as the President of the Blue Cross Blue Shield Institute and was the Chief Medical Officer of the Blue Cross Blue Shield Association (BCBSA). In addition, Dr. Haywood led national efforts to implement value-based healthcare as Chief Medical Officer at Vizient (formerly VHA, Inc.) and Deputy Chief Medical Officer for the Centers for Medicare & Medicaid Services (CMS). He earned a medical degree from the University of Illinois at Chicago and a Juris Doctor degree from Northwestern University.
Paytient is an employer sponsored benefit that enables employees to manage out-of-pocket medical expenses by providing interest-free payment plans. The company’s mission is to eliminate preventable financial harm in healthcare and to ensure people can access and afford the care they need – when they need it – so they can live better lives. For more information, please go to Paytient.co.