Is CarePayment real?
CarePayment is an industry leader with extensive experience in both healthcare and consumer finance. Founded in 2004, we provide patient finance solutions to hospitals, physician practices, and ancillary service providers nationwide, and have helped more than a million patients pay their medical bills.
Does CarePayment affect your credit score?
CarePayment is not a collection agency or credit card company, and will not affect your credit rating. You pay no interest on your medical expenses with our 0.00% APR open-ended line of credit. Manageable monthly payments allow you to pay your balance over time.
What is a CarePayment plan?
CarePayment is a voluntary program that is offered by providers to help patients make affordable payments over time without incurring interest fees or risk being sent to collections. Patients can opt out of CarePayment at any time and their outstanding balance will be returned to the provider.
How does CarePayment make money?
Intro to Care Payment
They emphasize that their purpose is simply to help patients pay off their medical bills and that they are not a credit card company. In fact, they make most of their money off of the fees that health care providers pay to enroll in the program—not off of interest or hidden fees for patients.