CommerceHealthcare®, a Washington Hospital Services (WHS) Industry Partner, offers the Health Services Financing (HSF®) Portfolio Purchase Program to provide immediate access to capital during the COVID-19 pandemic, which may be vital for your organization. Many healthcare providers are already leveraging their patient payment plan portfolios as one option for an alternative source of liquidity. Transitioning an internally managed portfolio of long-term patient payment plans to the CommerceHealthcare® HSF® program is simple. Your organization will receive cash up front for patient payment plans. Original agreed-upon payment plan terms (monthly payment, term length and balance) will not change for the patient. Qualified organizations will be subject to a credit review before CommerceHealthcare® proceeds with portfolio purchase. Portfolio purchase specifics will be determined by balances and term lengths remaining.
CommerceHealthcare® also hosted a webinar on Thursday, May 28, 2020 to discuss supplier payments, specifically best practices and strategies healthcare organizations are utilizing in response to COVID-19. In case you were unable to attend here’s the recording of the webinar.
CommerceHealthcare® is a Washington Hospital Services Industry Partner. The Industry Partner program connects hospitals with companies to create efficiencies, lower costs and deliver exceptional health care. For more information about CommerceHealthcare® or the WHS Industry Partner Program contact Ed Phippen at edp@wsha.org.
