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Phreesia Helps Medical Practices Improve Collections with New Payment Plan Application

NEW YORK ORLANDO, Fla. Feb. 22, 2011 Phreesia patient check-in Phreesia Payment Scheduler March 2011 Phreesia Payment Scheduler

Phreesia is the first company to give patients the flexibility to choose a payment plan while checking in at their physician’s office. As patients check in on the PhreesiaPad, those carrying a balance will be presented with payment plan options, predetermined by the practice. Patients can choose the payment amount and frequency that makes sense for them and their budgets, and pay directly on the PhreesiaPad with a credit or debit card. Pre-authorized payments will be automatically charged and deposited into the practice’s account each month for the duration of the plan.

Chaim Indig

Phreesia’s self-pay capability allows patients to conveniently pay their copays and outstanding balances using an integrated card swipe right on the PhreesiaPad. Since adding this capability in 2010, clients using payment services with Phreesia have seen a 10 percent average increase in collections.

According to industry reports, 25 percent of medical practice revenue comes directly from patients—and the proportion is growing. Patients now pay more than employers in healthcare costs, including non-covered services and out-of-pocket expenses. The latter category is the fastest-growing portion of unpaid debt, yet surveys suggest that 92 percent of insured consumers are both able and willing to pay.

About Phreesia

www.phreesia.com

Media Contacts:

Julie Goldman or Paul DiPerna

Schwartz Communications

781-684-0770

[email protected]

SOURCE Phreesia

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