As out-of-pocket medical expenses continue to rise, the Indiana Hospital Association has partnered with AblePay, a unique patient financial engagement platform, to improve patient access and help hospitals and patients reduce costs.
AblePay assists health care providers in reducing their collection costs while lowering out-of-pocket medical expenses for consumers. The business model works to bridge the gap between providers and health care consumers, strengthening the relationship and creating a better patient experience.
“With this partnership, IHA reinforces its commitment to improving health care affordability and access in a collaborative manner,” said IHA President Brian Tabor.
The AblePay platform removes IHA member hospitals from the collection process, providing easy implementation and prompt payment, while offering patients with savings and flexible payment options on each medical bill without any fees or interest charges.
"We are excited to be part of the endorsed partner program with the Indiana Hospital Association,” said John Fistner, Founder and CEO. "Healthcare affordability is not a new topic, but the situation worsens as a significant percentage of the cost of care falls on the patient. This shift in the financial burden is changing patient payment behavior and leading to the avoidance of care. This negatively impacts revenue for health systems and care providers while diminishing the overall patient experience. Our solution lowers the cost of health care, improves the patient experience, while giving patient the protection they need to seek care. We already have a presence in Indiana and working with the IHA will allow us the opportunity to help more of their members and their patients.”
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About IHA
The Indiana Hospital Association serves as the professional trade association for more than 170 acute care, critical access, behavioral health, and other specialized hospitals in Indiana. IHA advocates on behalf of its members in Indiana’s General Assembly, U.S. Congress, and with multiple regulatory agencies at the state and federal levels. Dedicated to improving quality, patient safety, and Hoosiers’ health status, IHA holds numerous grants and facilitates collaboration among hospitals to improve outcomes. IHA also provides members with the data analytics that they need to ensure access to quality, cost-effective health care services across the state of Indiana. To learn more about IHA, visit IHAconnect.org.
About AblePay
Founded in Bethlehem, Pennsylvania, in 2016, AblePay (ablepayhealth.com) offers a simple solution to increasing healthcare costs in the United States. Since its inception, AblePay has assisted healthcare consumers and medical providers in Pennsylvania and New Jersey. Over the past 18 months, they have expanded to Ohio, Kentucky, Indiana, Minnesota, California, and Georgia, with new markets on the horizon.
AblePay assists healthcare providers in reducing their collection costs while increasing receivable times and bettering their financials. Healthcare consumers interested in lowering their out-of-pocket medical expenses can enroll in this no-cost program. In addition, the program provides flexible payment terms and convenience with a high level of support for members. The business model works to bridge the gap between providers and healthcare consumers, strengthening the relationship and creating a better patient experience.
