Paragon Revenue Group | Payment Financing

Regardless of a company’s line of business, the pressure mounts daily to successfully balance income and growth as budget constraints and revenue expectations collide. For healthcare providers, this emerges in the rising number of patients requiring long-term payment plans. Many of these patients are transient, both in terms of residence and occupation, making the challenge to convert accounts even greater. Fortunately, we offer the background to initiate a positive cash flow without the hassles or cost of hiring and training.

We begin by asking patients poignant questions to determine which payment options would increase the likelihood of recovery. Using custom solutions and technologies, we prevent the payment gaps that amount to thousands in lost revenue annually. For example, our financial arm, M2CreditCare, can augment your existing self-pay revenue cycle or be used with our Self-Pay Call Center model.

Our M2CreditCare division provides flexible payment arrangements for patients without recourse. Financial terms can be structured to give patients the peace of mind they deserve, while still promoting fiscal health in your own facility.

Services:

Telephone and mail contact
throughout cycle

Timely reminders sent
regarding defaulted payments

Direct phone contact to
determine reason for missed
payments

Flexible payment programs
through M2CreditCare
financing or traditional
payment monitoring

Patient follow-up for
delinquencies and gaps in
payment

Reporting that identifies
trends and best practices