Wednesday, August 16, 2017 | Category: Press Releases
New program provides 0% APR payment plans that will allow healthcare consumers to pay their medical expenses over time with no impact to credit score.
(TEMPE, AZ) August 16, 2017 – Sonora Quest Laboratories has established a new partnership to reduce the burden of rising out-of-pocket medical costs on its patients. The company has teamed up with CarePayment, a leading patient financial engagement company, to offer CarePayment’s easy-to-understand 0.00% APR financing solutions to any patient who uses Sonora Quest Laboratories for their medical testing exceeding $100 through a simple process that requires no application and has no impact on credit score.
“Across Arizona, rising out-of-pocket medical costs are impacting families’ budgets, and ultimately, their health. No one should delay having clinical testing done because they are worried about costs,” said David A. Dexter, chief executive officer at Sonora Quest Laboratories.
Dexter added, “Sonora Quest Laboratories understands the importance of making healthcare services affordable to consumers. We are working with CarePayment to do our part to provide affordable access to much needed laboratory testing. We believe this will help improve testing compliance and lead to better outcomes for patients managing chronic disease or monitoring their overall wellness. The CarePayment partnership offers our patients the financial solutions they need to ensure their health and wellbeing are taken care of.”
Craig Hodges, chief executive officer of CarePayment noted, “Clinical testing is often the first step on the path to proper diagnosis and treatment, providing doctors with critical information about a person’s health. We are pleased to be able offer options that will help people afford the tests they need.”
For more information about CarePayment, our most recent addition to the consumer solutions available through Sonora Quest Laboratories, visit https://www.sonoraquest.com/patient-services/carepayment.
About Sonora Quest Laboratories
Sonora Quest Laboratories, a joint venture between Banner Health and Quest Diagnostics (NYSE: DGX), is part of the nation’s largest integrated laboratory system with approximately 3,100 employees serving more than 23,000 patients every day throughout Arizona. Sonora Quest Laboratories is the market share leader in clinical laboratory testing in Arizona, performing more than 60 million diagnostic tests per year. Sonora Quest Laboratories offers a local comprehensive test menu which encompasses routine, molecular, prescription drug monitoring, genetic/genomic, and pathology testing services. Ninety-eight percent of all testing is performed at primary testing facilities located in Tempe, Tucson, Flagstaff, Prescott and Yuma. Sonora Quest Laboratories is accredited by the College of American Pathologists (CAP) which is the gold standard in laboratory accreditation, helping laboratories to maintain accuracy of test results and ensure accurate patient diagnosis. This accreditation ensures the highest standard of care for all laboratory patients as CAP inspectors examine laboratory staff qualifications, equipment, facilities, safety program and records, and overall management.
CarePayment is a patient financial engagement company that accelerates providers' transition to the new consumer-driven healthcare market. Powered by advanced technology and analytics, our innovative patient financing solutions improve patient satisfaction and loyalty while delivering superior financial results. By partnering with healthcare providers to make affordable financial options available, CarePayment helps patients get the care they need, when they need it, while protecting the financial health of provider organizations so they can continue to offer valuable care to the community. CarePayment's patient-friendly financing is compliant with applicable state and federal consumer credit laws, requires no application, and is supported by a friendly US-based customer service staff. Accounts for the program are issued by WebBank, Member FDIC. Find more information at www.carepayment.com.