Capio

At Capio, we’re committed to helping patients achieve real financial relief—and our new partnership with ForgiveCo brings that mission to life. By forgiving eligible medical debt, we’re ensuring that more patients can move forward without the burden of unpaid medical bills. ? Capio CEO Mark Detrick put it best: “Partnering with ForgiveCo allows us to maximize our impact on patients by making debt forgiveness more accessible to those who qualify. By integrating this into hospital charity policies and using BuoyFi’s income verification, we’re helping providers support their patients in a way that makes sense for everyone. This isn’t just about clearing debt—it’s about giving people a real path forward.” ? We’re proud to work with ForgiveCo, a company making a real difference in the lives of patients nationwide. Read more about our partnership: ? #DebtRelief #HealthcareFinance #CapioCares https://lnkd.in/gedfyxhY

?? Big news! We’re proud to partner with ForgiveCo to expand access to medical debt relief for patients in need. By ensuring that patients eligible for charity care receive the support they deserve, we’re furthering our mission to provide compassionate, patient-first financial solutions. ? As Capio CEO Mark Detrick said, “Partnering with ForgiveCo allows us to maximize our impact on patients by making debt forgiveness more accessible to those who qualify. By integrating this into hospital charity policies and using BuoyFi’s income verification, we’re helping providers support their patients in a way that makes sense for everyone. This isn’t just about clearing debt—it’s about giving people a real path forward.” ? We’re excited to work with ForgiveCo to create real impact for patients and providers alike. Learn more:? https://lnkd.in/gedfyxhY

ICYMI last week in a Kodiak Solutions release: “Lower collection rates from insured patients and higher initial denial rates formed significant financial headwinds for hospitals, health systems and medical providers in 2024” Lower collection rates require a new approach. Capio relentlessly advocates for alternative solutions that deliver real, positive impacts for providers and patients. Our Patient Bill of Rights guarantees no fees, no interest, and no litigation, and our BuoyFi Calculator creates affordable payment plans tailored to patients’ financial situations. https://lnkd.in/gPdQqr9M

Incredible insights shared at today's #HFMA Region 5 SE Summit! Privileged to witness an outstanding revenue cycle panel featuring industry leaders from Orlando Health, Emory Healthcare, Piedmont Healthcare, Grady Health System, and DCH Health System. Their collective expertise on healthcare revenue cycle management was invaluable. Always inspiring to see healthcare organizations collaborating to drive excellence in patient financial services. #HealthcareFinance #RevenueCycle #Healthcare #HFMA

Incredible insights shared at today's #HFMA Region 5 SE Summit! Privileged to witness an outstanding revenue cycle panel featuring industry leaders from Orlando Health, Emory Healthcare, Piedmont Healthcare, Grady Health System, and DCH Health System. Their collective expertise on healthcare revenue cycle management was invaluable. Always inspiring to see healthcare organizations collaborating to drive excellence in patient financial services. #HealthcareFinance #RevenueCycle #Healthcare #HFMA

We collaborate with healthcare organizations nationwide to ensure financial barriers never prevent access to essential medical care. Today, we are proud to share the results of our Net Promoter Score (NPS) client survey. The overwhelmingly positive feedback and high NPS score for the third year in a row highlight our unwavering commitment to building strong, trust-based relationships with both our business partners and the patients we serve daily. https://lnkd.in/gQ42yT5N

Last week, the Consumer Financial Protection Bureau (CFPB) finalized a rule removing medical debt from consumer credit reports. At Capio, we are deeply concerned about the implications this rule could have on patients and healthcare providers. ? In a statement, Capio CEO Mark V. Detrick emphasized the final rule could “discourage the resolution of medical debt, increasing financial strain on healthcare providers and driving them toward litigation to recover unpaid bills, further burdening patients.” ? This is why Capio relentlessly advocates for alternative solutions that deliver real, positive impacts for patients. We support positive credit reporting legislation to help patients build credit while repaying medical debt. Our Patient Bill of Rights guarantees no fees, no interest, and no litigation, and our BuoyFi Calculator creates affordable payment plans tailored to patients’ financial situations. ? We encourage the incoming Administration and Congress to swiftly revisit this rule in order to better address the healthcare system’s nuances around medical debt. https://lnkd.in/g77cq6Ex

Capio remains dedicated to providing compassionate, practical solutions to the medical debt crisis. However, the Consumer Financial Protection Bureau’s (CFPB) recently finalized rule to remove medical debt from consumer credit reports has several unintended consequences for both patients and providers. ? Capio CEO Mark V. Detrick stated, “the removal of medical debt from credit reports risks creating a fragmented credit reporting system that reduces transparency and complicates lenders’ ability to assess creditworthiness, ultimately limiting access to affordable credit for consumers.” ? We remain committed to addressing the root challenges of medical debt through patient-centered solutions. Our Patient Bill of Rights ensures no fees, no interest, and no litigation against patients. With tools like the BuoyFi Calculator, we help patients pay only what they can afford, and we continue to support positive credit reporting legislation to reward responsible payment behavior. ? These solutions empower patients to achieve financial wellness while addressing the complexities of the healthcare system. ? We look forward to working with the incoming Administration and Congress to swiftly revisit this approach and explore alternatives that prioritize patients and ensure system stability. https://lnkd.in/g77cq6Ex

Today, the Consumer Financial Protection Bureau (CFPB) finalized a rule prohibiting the inclusion of medical debt on consumer credit reports. Capio is concerned about the unintended consequences this rule could have on patients, healthcare providers, and the broader healthcare system. As Capio CEO Mark Detrick stated: “This rule may discourage the resolution of medical debt, increasing financial strain on healthcare providers and driving them toward litigation to recover unpaid bills, further burdening patients.” At Capio, we remain committed to patient-centered solutions. From advocating for positive credit reporting and a Patient Bill of Rights to offering financial tools like BuoyFi, we help patients establish affordable payment plans and take control of their medical debt. This is why we encourage the incoming Administration and Congress to swiftly revisit this rule and embrace an approach that truly supports patients and fosters financial stability for everyone involved https://lnkd.in/g77cq6Ex

May this holiday season bring peace, health, and joy to all. Wishing our partners, colleagues, and communities a bright and merry Christmas and New Year.