Contact: Terry Moss
Memorial Hospital of Converse County announced the introduction of an alternative payment program enabling patients and families a manageable way to pay their medical debts.
Memorial Hospital has partnered with Commerce Bank to offer Health Services Financing, or HSF®, a program that allows patients to pay their out-of-pocket balances over time with 0% interest.
With out-of-pocket healthcare on the rise, Memorial Hospital wanted to help patients make healthcare decisions with less worry about the repayment of their care. Patients and families are eligible for HSF® regardless of whether they have insurance, and without requiring a credit check. There is no set-up fee, charges or penalties for early payoffs, and patients can consolidate charges to one account with one monthly payment.
“We are excited about our partnership with Commerce Bank,” comments Memorial Hospital Chief Financial Officer James Cussins. “MHCC has been working on helping to keep healthcare affordable while remaining financially viable and continuing to make healthcare decisions local. Commerce Bank specializes in healthcare financing and has given MHCC interest-free options and payment plans for our patients up to 48 months. MHCC benefits by receiving funding from Commerce Bank upfront for the balances. This partnership will both assist our patients and help MHCC stay financially sound.”
About Commerce Bank
With $25.9 billion in assets as of September 30, 2019, Commerce Bancshares, Inc. (NASDAQ: CBSH) is a regional bank holding company offering a full line of banking services, including payment solutions, investment management and securities brokerage. Commerce Bank, a subsidiary of Commerce Bancshares, Inc., leverages more than 150 years of proven strength and experience to help individuals and businesses solve financial challenges. In addition to offering payment solutions across the U.S., the Company currently operates full-service banking facilities across the Midwest including the St. Louis and Kansas City metropolitan areas, Springfield, Central Missouri, Central Illinois, Wichita, Tulsa, Oklahoma City and Denver. Commerce Bank also maintains commercial offices in Dallas, Houston, Cincinnati, Nashville, Des Moines, Indianapolis, and Grand Rapids. Commerce delivers high-touch service and sophisticated financial solutions at regional branches, commercial offices, ATMs, online, mobile and through a 24/7 customer service line. Learn more at www.commercebank.com.