CSI Financial Services Enters Into Co-Marketing Partnership with Cymetrix

SAN DIEGO – CSI Financial Services (CSI) has entered into a co-marketing alliance to offer its patient-friendly, easy-to-implement loan programs through Irvine, Calif.-based Cymetrix, a leader in providing hospitals with comprehensive revenue cycle solutions.

Established in 1992, CSI Financial Services has been providing “peace of mind” to healthcare providers and patients by funding more than $500 million in no- and low-interest patient loan programs to hospitals nationwide, thereby allowing patients to meet their self-pay obligations and avoid going through the collections process.

The partnership agreement allows for CSI’s Zero- and Low-Interest bank loan programs to be marketed in conjunction with Cymetrix and its proven comprehensive revenue cycle solutions, including its self-pay solution. This model has the flexibility to accommodate the specific needs of each client while providing a seamless approach to total revenue cycle management that integrates Patient Access, Health Information Management and Patient Financial Services.

Mitch Patridge, CSI’s chief executive officer, said the partnership reflects a growing interest from hospitals and healthcare providers to proactively find solutions to meet the growing challenge of self-pay receivables.

“Higher deductibles and co-pays are creating a greater wave of self-pay patients, most of whom cannot afford to make a lump-sum payment to meet this financial obligation, Patridge said. “The CSI loan program gives patients the ability to re-pay their self-pay bill over time, while allowing hospitals to accelerate their cash and reduce their overall bad debt."

“We are excited about the opportunities this partnership provides to our hospital clients,” said Al Franklin, Cymetrix’s chief operating officer. “Our collaboration with CSI Financial Services uniquely complements our existing suite of solutions designed to help hospitals optimize the performance of their revenue cycle, and allows them to focus on their primary mission – the delivery of patient care."

“The beauty of the CSI bank loan program is that we help patients while giving hospitals the ability to not have to ‘act like a bank,’” Patridge added. “We’re confident that our partnership with Cymetrix will provide a truly comprehensive solution to meet the growing revenue cycle challenges faced by hospitals and healthcare providers."

About CSI Financial Services
CSI Financial Services is a premier provider of patient loan programs. Since 1992, CSI has funded more than $500 million in patient loans enabling hundreds of thousands of patients to affordably pay off their healthcare obligations. CSI maintains its corporate office in San Diego, Calif., with regional sales offices throughout the United States. For more information about CSI, visit www.csifinancial.com.