It is no secret that the cost of healthcare in the United States is high. What may be less well known are the significant challenges in patient financial responsibility people face in meeting those costs. For patients, three of the most common challenges to meeting medical bills are:
For most patients, navigating the financial landscape of healthcare is daunting. The same is true for behavioral health needs pertaining to mental health or substance use disorders. Whatever the medical problem and treatment needs, there will be a cost. For most people, healthcare financial literacy is hard to come by, and obtaining financial solutions for patients is challenging.
FinPay, a recognized leader in patient engagement and financial management, is ranked No. 4 on the annual Philadelphia Business Journal’s Soaring 76 list of the region’s fastest-growing companies. This is the second consecutive year the company has been recognized on this prestigious list. To qualify for the Soaring 76 list, companies must be independently owned, headquartered in the Philadelphia area, and show significant revenue growth from 2019 to 2021. This year’s honorees were celebrated at a live event on September 22 at Rivers Casio Philadelphia. On September 23, the Philadelphia Business Journal published its final rankings revealing FinPay as No. 4 on this year’s list of fastest-growing companies in the region.
Inc. magazine revealed that FinPay, a recognized leader in patient engagement and financial management, is on its annual Inc. 5000 list for the 2nd year in a row, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a one-of-a-kind look at the most successful companies within the economy’s most dynamic segment—its independent businesses. The list measures growth between 2018 and 2021, during which FinPay experienced rapid growth of 265.5%. FinPay also ranks 134th in Health Services, 64th in the state of Pennsylvania and 61st in the city of Philadelphia!
When deciding to enter behavioral health treatment, most people will either seek a referral from a trusted person or do their own research and read reviews. In both cases, a first impression carries a lot of weight. Whether it is a first-hand account of successful treatment and compassionate care from a friend, or a litany of positive online reviews, it is almost certain to involve a financial component.