Somerset Hospital to Provide Long-Term Repayment Options to Patients through ClearBalance® Loan Program

Posted on: September 15, 2011

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SOMERSET, Penn., Sept. 15, 2011 — Somerset Hospital today announced the introduction of a new, patient-friendly loan program that will provide its patients with an affordable option to pay their out-of-pocket hospital expenses. Specifically, Somerset Hospital has secured an exclusive partnership with ClearBalance to offer an interest-free loan program—meaning all patients will have the opportunity to receive a long-term payment option featuring low monthly payments.

According to Joyce Farrell, Somerset Hospital’s Director of Patient Financial Services, “The ClearBalance program assures that repayment options with low monthly payments are available to individuals who have received treatment from our hospital, but are unable to pay their balances in full.”

CSI Financial Services (CSI), the healthcare industry’s leader in providing patient-friendly bank loans, brings “peace of mind” to patients by providing them with interest-free loans to retire out-of-pocket medical expenses with low monthly payments.

“We are excited to partner with Somerset Hospital and further its excellent care to include a patient’s financial well-being,” said Mitch Patridge, CSI’s chief executive officer.  “Our goal for ClearBalance is to provide patients with an easy and affordable way to pay their out-of-pocket expenses.   The ClearBalance program is extraordinarily patient-friendly and helps our clients, such as Somerset Hospital, create a positive impact for their communities.”

Patridge noted that the ClearBalance program is supported by the company’s best-in-class customer service center, in which each team member is specially trained to ensure patients are treated with honesty, fairness and compassion.

Moreover, the ClearBalance interest-free loan includes no annual fees or prepayment penalties for patients that participate in the program. Featuring easy qualification criteria and no written application, the ClearBalance program allows patients to quickly and easily qualify for a patient-friendly bank loan, as well as the ability to consolidate accounts for family members. Patients can pay their monthly bill via mail, phone, Internet or automatic debit.

About CSI Financial Services

CSI Financial Services offers the patient-friendly ClearBalance loan program and is the premier provider of patient loan programs. Since 1992, CSI has funded more than $600 million in patient loans, enabling hundreds of thousands of patients to easily and affordably repay their healthcare obligations.  CSI maintains its corporate office in San Diego, Calif., with regional sales offices throughout the United States.