The Meduit Innovation Lab Blog

MedEZPay – a patient payment solution that is a win-win for providers and patients

Posted by Meduit RCM on Mar 15, 2023 8:00:00 AM

Rising deductibles and the increased financial burden placed on patients have made it more difficult for patients to pay their medical bills, impacting healthcare providers’ ability to collect outstanding revenues.

Meduit can help with MedEZPay – a game-changing solution that makes it easy for patients to pay their medical bills.

How MedEZPay Works

Meduit connects patients with banks that provide the patient with a zero or low interest loan with no credit check. The patient works with the bank to set a monthly payment that fits their budget, and the bank pays the healthcare provider upfront.

MedEZPay offers flexible payment terms so patients can work their medical bills into their monthly budget. Patients with no credit history or past credit challenges can build credit through the program. Here’s what sets MedEZPay apart:

  • All patients qualify
  • Patients can build or improve their credit
  • Payments can be made using pretax, HSA dollars
  • Available even to non-U.S. citizens
  • No surprise fees or repayment penalties

 How MedEZPay Benefits Providers

MedEZPay moves the responsibility of collecting outstanding debt from the provider to the bank. The provider receives the charges owed by the patient upfront at no cost, driving revenue to their bottom line. It’s a win-win for both patient and provider.

Learn more about MedEZPay.