What Is Recourse vs. Non-Recourse Patient Financing?
Recourse Patient Financing
- Risk to Provider:
In a recourse model, the healthcare provider remains financially liable if the patient defaults on their loan. This can lead to increased financial risk and administrative burden. - Limited Patient Coverage:
Often excludes patients with low credit scores, leaving a significant portion of your patient population without access to financing options. - Delayed Cash Flow:
Payments depend on the patient’s repayment schedule, which can lead to inconsistent revenue.
Non-Recourse Patient Financing
- Zero Financial Risk:
With non-recourse financing, the lender assumes all the risk. Your health system is not liable if a patient defaults. - Broad Patient Accessibility:
Approves 95%+ of patients, including those with lower credit scores, ensuring more patients can afford care. - Faster Revenue Realization:
Patient account is liquidated within 48 hours of the patient choosing to pay their account balance through their Curae patient financing account.
More Revenue, Less Risk to Medical Providers
Curae’s non-recourse patient financing increases your revenue, improves your NPS scores, and enhances your patient experience.
Our mission is to reduce the financial risk associated with patient responsibility for providers, while improving affordability and access for all patients. This is done through one comprehensive platform.
- Powered by data, algorithms and AI
- Works with RCM ecosystem
- Loyalty card to engage and retain patients
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Discover how Curae’s platform can transform your healthcare system by making care more affordable through financing, attracting and retaining patients, and increasing revenue collected.
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