CarePayment Technologies IncOOTC CPYT Stock Report

CarePayment Technologies, Inc. provides health care services. The company is headquartered in Nashville, Tennessee and currently employs 0 full-time employees. The company went IPO on 2001-11-16. The firm enables people to manage their medical expenses. The firm offers solutions in healthcare and consumer finance. The firm provides patient finance solutions to hospitals, physician practices and ancillary service providers. The CarePayment program is a payment plan sponsored by the healthcare provider to enable patients for paying their outstanding balance due after insurance has paid their portion, but without interest, through monthly payments. The Company’s primary product is an annual percentage rate (APR) open-ended revolving line of credit. Its co-branded patient engagement program with the healthcare providers includes onsite materials to explain the CarePayment program, follow-up materials that are mailed to patients, co-branded membership card and co-branded marketing and public relations program. The company assesses collection performance by analyzing financial data and historical patient-pay performance.