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Episode #19 - Paytient | Chris Fisher

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Money Changes Everything


Our podcast discussion today between Michael Andrade and Chris Fisher, Head of Sales and Strategic Partnerships. Healthcare premiums for families have risen consistently over the past 20 years. As a result deductibles have increased as well. With the increase in deductibles many individuals and families have had to choose between their health and normal living expenses. Preventable financial harm is created by having to choose between your health and how you pay for that, Skip rent, not putting groceries on the table, interest rates at 30% on a credit card. Most individuals couldn’t handle a surprise bill of over $400 according to the Department of Labor’s annual 2019 review.

Welcome Paytient, this is a financing option for employees that allows employees to stretch payments over multiple pay periods. There is flexibility in how long the employees pay back the expense and stretch their medical expenses. This essentially is an on demand line of credit for medical, dental, pharmacy, vision, and pet expenses. No cost to the employee, no interest charge to employee. Employee is allowed the option to determine how long they want to pay the cost pack.

Paytient has two service models for Employers:

  • Paytient takes the credit risk for payment and payment default.
  • Employer takes the credit risk for payment and payment default.

Both have pros and cons to consider. At the core of the solution though is the ability to help employees their families immediately and allows individuals access to care earlier in their health.

Paytient can integrate with most payroll companies and work directly with your HR team. For more information, reach out to Chris Fisher directly:

If you’d like to learn how this and other programs can fit into your benefit strategy please feel free to contact me: Michael Andrade (832) 236-8966