Payment Plan Agreement for Patients by spi21243

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									                                                                                         CarePAY
  Care Payment Systems, Inc.
         6301 Ivy Lane, Suite 700,
          Greenbelt, MD 20770

               (888)-314-5106




                                                              Care|PAY™
                                                  “The Next Generation of Self-Pay Management”



                                                      2006 Healthcare Summit
                                                     Solutions for South Florida
                                                                         By
                                                             Fred M. Messing, LFACHE,
                                                                   Vice President

                                                                   May 12, 2006

Confidential & Proprietary Information. Patents
applications have been filed for proprietary                                                       1
elements of the Care|PAY™ methodology.
                                                                                CarePAY
  Care Payment Systems, Inc.
         6301 Ivy Lane, Suite 700,
          Greenbelt, MD 20770
                                                  Business Forecasts and
               (888)-314-5106                          Assumptions
                  I) Patient self-responsibility for their healthcare expenses will
                     continue to grow:


                  • There are 45 to 50 million (…and increasing daily) uninsured and
                    underinsured persons in the USA.
                  • Employers will continue shifting healthcare benefits costs to their
                    employees through higher co-pays and deductibles.
                  • There will be a growing number of very large deductible Health
                    Saving Accounts (HSAs) and similar “consumer driven” health
                    insurance plans.
                  • Uncovered services will remain in high demand and paid for out-
                    of-pocket: elective, cosmetic, and other “non-standard”
                    treatments.


Confidential & Proprietary Information. Patents
applications have been filed for proprietary                                              2
elements of the Care|PAY™ methodology.
                                                                                    CarePAY
  Care Payment Systems, Inc.
         6301 Ivy Lane, Suite 700,
          Greenbelt, MD 20770
                                                  Business Forecasts and
               (888)-314-5106                      Assumptions (Cont’d)

                  II)       Given a reasonably fair and affordable medical debt
                            payment plan, the vast majority of people will fulfill their
                            financial obligations. (Stricter new bankruptcy laws now
                            provide additional pressure.)


                  III) The probability of full collection is significantly higher if
                       sustainable debt payments start quickly and remain current
                       rather than if the account is allowed to become past due.


                  IV) There will be continued intense Government and public
                      pressure and scrutiny for healthcare providers to provide
                      free or reduced priced services to the medically indigent.


Confidential & Proprietary Information. Patents
applications have been filed for proprietary                                                  3
elements of the Care|PAY™ methodology.
                                                                                              CarePAY
  Care Payment Systems, Inc.
         6301 Ivy Lane, Suite 700,
          Greenbelt, MD 20770
                                                          Care|PAY™
               (888)-314-5106                          The Gold Standard
                                                  Care|PAY™ is the unique next-generation solution to
                                                  significantly improve self pay collections:
                                                  • Your Patient Accounts and Registration staff
                                                    focuses on insured patients and those who will
                                                    quickly pay their portion (smaller balance
                                                    amounts, credit cards, affluent, etc.)
                                                  • CarePAY staff works side-by-side with and
                                                    complements your Patient Accounts staff in
                                                    dealing with more complex patient responsibility
                                                    accounts collection situations.
                                                  • CarePAY provides additional “outside” screening
                                                    and documentation of patients who may qualify
                                                    for charity care or discounts under the Hospital’s
                                                    policies, as well as Medicaid and other payment
                                                    assistance programs.

Confidential & Proprietary Information. Patents
applications have been filed for proprietary                                                             4
elements of the Care|PAY™ methodology.
                                                                                               CarePAY
  Care Payment Systems, Inc.
         6301 Ivy Lane, Suite 700,
          Greenbelt, MD 20770
                                                          Care|PAY™
               (888)-314-5106                          The Gold Standard
                                                  Care|PAY™ is the unique next-generation solution to
                                                  significantly improve self pay collections (Cont’d):


                                                  • CarePAY staff performs sophisticated Patent-
                                                    Pending “Capacity to Pay” evaluation with the
                                                    patient/family on-the-spot and the payment plan
                                                    starts immediately.
                                                  • CarePAY continues to provide highly effective
                                                    and continuous payment monitoring via Internet
                                                    and staff interaction throughout the course of
                                                    debt repayment.




Confidential & Proprietary Information. Patents
applications have been filed for proprietary                                                             5
elements of the Care|PAY™ methodology.
                                                                                                                    CarePAY
  Care Payment Systems, Inc.
         6301 Ivy Lane, Suite 700,
          Greenbelt, MD 20770
                                                                           Our Place
               (888)-314-5106
                                                               in the Patient Accounts Pipeline
                                                  Current Accounts

             Hospital Operations                                      Care|PAY™                    Collection/Litigation

                                                              Payment Management®
             Patient Adm & Registration                       Capacity to Pay determination           Only Truly Non-compliant
                                                                     (Patent Pending process)                 Accounts
           Payer (financial responsibility)
                     Verification                            Collaborative negotiations with
                                                             patients and families to develop
              Charity Care Eligibility
                                                               sustainable Payment Plans
                        Billing
                                                                 Compliance Management
                    Balance owed
                                                             Payment Counselors side-by-side       Patients who
            Payments at time of service                                                              are non-
                                                              at your hospital and at our call
                                                                          center                   compliant or
                                       Patients who                                               refuse to enter
                                        cannot pay               Multilingual (13) support       a Payment Plan
                                      balances owed              Patient Internet Access            Agreement
                                        all at once           Integration to Hospital Systems
                                                                     Patient data update
Confidential & Proprietary Information. Patents
applications have been filed for proprietary                                                                                     6
elements of the Care|PAY™ methodology.
                                                                             CarePAY
  Care Payment Systems, Inc.
         6301 Ivy Lane, Suite 700,
          Greenbelt, MD 20770

               (888)-314-5106
                                                  Impact of CarePAY


               1. Improves your financial results, speed, and predictability of
                  cash receipts due from patients.
                   – Helps transform the growing “unvalued” and/or “under-
                     valued” portion of your accounts receivable due from
                     patients and families into productive assets and net
                     income.
                   – Provides supporting documentation to reduce reserves for
                     uncollectible accounts and to enhance profitability or net
                     income.




Confidential & Proprietary Information. Patents
applications have been filed for proprietary                                           7
elements of the Care|PAY™ methodology.
                                                                                 CarePAY
  Care Payment Systems, Inc.
         6301 Ivy Lane, Suite 700,
          Greenbelt, MD 20770

               (888)-314-5106
                                                  Impact of CarePAY

               2. Enhances your relationships with your community through
                  increased sensitivity to financial pressures caused by medical
                  bills; and establishes a more patient-friendly collection
                  environment.


               3. Provides added insulation and “external” documentation for
                  demonstrating that your hospital is meeting its policies for
                  charity care and/or financial assistance.




Confidential & Proprietary Information. Patents
applications have been filed for proprietary                                               8
elements of the Care|PAY™ methodology.
                                                                                  CarePAY
  Care Payment Systems, Inc.
         6301 Ivy Lane, Suite 700,
          Greenbelt, MD 20770                               CARE|PAY
               (888)-314-5106




   Fred M. Messing, LFACHE,                       Please contact us to schedule a more
          Vice President
  Care Payment Systems, Inc.
                                                           detailed presentation.
  2950 W. Cypress Creek Road
            Suite 106
    Ft. Lauderdale, FL 33309
                888.314.5106
     fmessing@carepay.com                                    THANK YOU
Anderson O. Inniss, Chairman
 Care Payment Systems, Inc.
  6301 Ivy Lane, Suite 700
    Greenbelt, MD 20770
       (888)-314-5106
      ainniss@carepay.com




Confidential & Proprietary Information. Patents
applications have been filed for proprietary                                                9
elements of the Care|PAY™ methodology.

								
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