Working with the hospital, AVC Bank provides hospital patients with high-deductible health insurance plans, flexible no interest (0.0% APR) repayment options.

The Affordable Care Act, high-deductible insurance plans and ever growing out of pocket medical expenses expand the need for patients to have access to simple, easy to use payment solutions.

AVC Bank ensures a positive patient experience for hospitals and other health care systems by providing patients with flexible payment options that help meet their health care provider obligations. Zero-interest loans, no annual fees or prepayment penalties, easy application for patients with credit scores as low as 550, 24/7 access and patient friendly customer service all improve patient satisfaction and loyalty.

Patients no longer need to delay medical care. Easy enrollment and flexible payment structure allow for medical treatment now vs. putting it off until later.

AVC Bank uses a proprietary, web-based, hospital patient lending management platform (PatientHelp™) for hospitals and their patients. It is a trusted solution that complies with all applicable consumer-lending laws, requires no software integration and delivers the help patients need, a process that is trusted, and proven security that is relied on every day.

 

Not All Patient Finance Solutions Are The Same

how AVC Bank helps hospitals differentiate themselves in a competitive local healthcare environment

 

Rising out-of-pocket healthcare expenses have made things more difficult for hospitals and patients alike. Hospitals struggle to collect balances from patients who themselves are under immense financial pressure.

It’s a lose-lose situation.

AVC Bank has changed the paradigm with its unique Medical Deductible Financing Solution For Hospital Patients that makes it a win-win for both medical facilities and patients. Hospitals benefit from reducing bad debt and improving cash flow, while patients too can meet their hospital financial obligations along with being able to schedule elective procedures when they are needed.

 

Shift Your Burden

Collaboration with American Venture Capital Bank, Inc. (AVC Bank) enables you to improve cash flow, DSO – aging receivables, bond ratings and negative collection practices. Receive immediate non-recourse reimbursement for services offered, while the bank works with the patients to set up a light touch payment plan that suits their budget.

 

Beware – Not All Patient Funding Solutions Are The Same

AVC Bank combines client-first philosophy and service, immense industry knowledge, a sophisticated technology platform, and unique transactional capabilities that only a licensed bank can provide to create a distinct advantage for participating healthcare systems. Positioned uniquely compared to any other company offering patient funding solutions to hospitals, we work with healthcare provider systems, enabling them to deal efficiently with patient-balance responsibilities.

	AVC Bank	Co. #1	Co. #2
Type	Licensed Bank	Finance Co.	Credit Card Co.
Non-Recourse Model	Yes	No	No
Subprime 540 FICO Scores	Yes	No	No
Patient Enrollment Fees	No	Yes	Yes
Provider Lending Fees	No	Yes	Yes
True 0.0% APR Financing	Yes	No	No
Promotional Financing Period	No	Yes	Yes
Experience	Decades	Start-Up	Re-launch
All Medical Procedures	Yes	No	No
Proprietary Technology	Yes	No	No
Mobile App	Yes	No	No
Light Touch Collections	Yes	No	No
Additional Surgeries	Yes	No	No
Annual Fee’s or Penalties	No	Yes	Yes
24/7 Access	Yes	No	No

 

Working with AVC Bank enables hospital systems to perform with maximum efficiency and keep the revenue generation cycle steady throughout the entire patient experience.

You can use AVC Bank patient financing to not only support patients and stabilize your financial health, but to also differentiate yourself in a competitive local healthcare environment.

 

Process

When hospital patients apply for insurance deductible financing with AVC Bank through their participating hospital, decisions are almost instantaneous while determining their medical insurance deductible amounts. Funds are deposited directly to the hospital.

Hospitals are provided with all the necessary reporting, enabling them to record every transaction with clinical accuracy.

 

Proven, Proprietary Web Based Lending Management Platform

Hospital staffs often worry about integration and operation-related issues while working on lending management platforms of healthcare finance service providers. The proprietary, web-based hospital-patient lending management platform (PatientHelp™) of AVC Bank requires no software integration and is very simple to use. The software complies with all the applicable consumer-lending laws and has security features that you can rely on.

 

Know AVC Bank

AVC Bank is a licensed international banking entity authorized to offer a broad array of banking, insurance, and other financial and management-related services to people and entities located in the United States and elsewhere.

AVC Bank stands out when it comes to eliminating the burden of collecting patient payments. We enable medical institutions to get paid faster, more safely, and without fear of recourse.