Dallas-based Surgical Funds launched its services as a flexible patient financing solution for ASCs. The company aims to provide healthcare consumers access to financing for surgical procedures.
"One of the biggest obstacles to patients undergoing a surgical procedure is concern about their ability to pay for care," said Co-Founder Randy Bishop, who also serves as COO of Surgical Notes. "Meanwhile, ASCs are shouldering more of the burden to collect what they are owed because of rising patient responsibilities. Surgical Funds is designed to address both challenges."
Surgical Funds partnered with patient financing company Health Credit Services to provide enrolled surgery centers with access to HCS financing solutions. After ASCs are enrolled, they undergo training on the HCS system and Surgical Funds provides additional support. ASCs can then submit patient loan applications for approval.
HCS provides loan packages to fit patient budgets and administers the loan, providing funding to the ASC within 48 hours of the procedure. "This allows surgery centers to focus more on what matters most: growing their business while delivering high-quality, low-cost care," said Mr. Bishop.