Capio Announces New Strategic Focus on Financial Wellness – Benzinga

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Long-time healthcare revenue cycle leader is driving the collections industry toward patient-centered resolution and long-term financial health
ATLANTA, Aug. 30, 2022 /PRNewswire/ — Capio, one of the country's largest acquirers of non-performing healthcare accounts receivable, today announced a series of organizational changes to support its new mission: to help people burdened with medical debt achieve long-term financial wellness.
As experts specializing in patient medical debt resolution and cash funding for care providers, Capio's executive team saw an opportunity to use their decades of experience to further address the medical debt crisis through three strategic initiatives: engaging with legislative, regulatory and business leaders on medical debt solutions, deepening Capio's compassionate, patient-centered collections experience, and investing in technologies to help patients achieve long-term financial wellness.
"Capio has grown our business by 400% over the past four years by listening to our partners and delivering practical solutions for their patients," said Detrick. "But given the growing crisis of medical debt across the country, we have a unique opportunity and a shared responsibility to do even more."
Capio helps healthcare providers and physician organizations increase cashflow while lowering their bad debt expense and delivering compassionate, flexible resolution solutions to millions of patients burdened by medical debt. To date, Capio has acquired and provided consumer services with over $41B in patient accounts receivable via partnerships alongside more than 900 provider clients across the United States. Capio is an advocate for patient-centric collections and offers tools to help patients pay what they can afford and achieve long-term financial wellness. To learn more about Capio, please visit our website.

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