July 19, 2022
HANYS Marketplace partners with AblePay Health to help New York hospitals, patients manage out-of-pocket medical expenses
Albany, NY — HANYS Marketplace™ today announced its partnership with AblePay Health. This partnership will bring AblePay’s unique patient financial engagement platform to hospitals and health systems throughout the state of New York.
Rising out-of-pocket, post-insurance medical expenses and inflation are impacting both patients and providers. When hospital bills go unpaid, providers' challenges to collect on patients’ post-insurance responsibilities increase dramatically. AblePay’s solution helps improve the patient experience while providers benefit from collecting their earned revenue, shortening receivable times and reducing expenses.
"AblePay is the next generation of patient financial engagement. Their solution removes providers from the collection process, offers easy implementation and prompt payment to providers while their patients benefit from flexible payment options,” said Al Campanella, executive vice president, HANYS Marketplace. "We are pleased to present this fantastic option to our member organizations."
"We are very excited to partner with HANYS Marketplace,” said John Fistner, founder and CEO of AblePay. "Our platform accelerates revenues and removes the costs associated with collecting out-of-pocket payments for medical providers while completely changing the patient experience. Working with HANYS Marketplace will allow us to introduce our patient financial engagement program to a market not yet familiar with the benefits we deliver for both providers and their patients.”
About HANYS Marketplace
HANYS Marketplace, a for-profit subsidiary of the Healthcare Association of New York State, connects healthcare organizations across the care continuum with trusted, best-in-class products and services to help achieve efficiencies, cost savings and delivery transformation. Uniquely tuned in to the issues that keep healthcare leaders up at night, HANYS Marketplace is constantly evolving to offer best-in-class solutions that meet the most pressing needs of healthcare providers today. To learn more, visit hanysmarketplace.com.
About AblePay Health
Founded in Bethlehem, Pennsylvania, in 2016, AblePay Health (ablepayhealth.com) offers a simple solution to increasing healthcare costs in the United States. Since its inception, AblePay has assisted healthcare consumers and medical providers in Pennsylvania and New Jersey. Over the past 18 months, they have expanded to Ohio, Kentucky, Indiana and Georgia, with new markets on the horizon.
AblePay Health assists healthcare providers in reducing their collection costs while increasing receivable times and bettering their financials. Healthcare consumers interested in lowering their out-of-pocket medical expenses can enroll in this no-cost program. In addition, the program provides flexible payment terms and convenience with a high level of support for members. The business model works to bridge the gap between providers and healthcare consumers, strengthening the relationship and creating a better patient experience.