Apria Partners with CarePayment to Offer New Payment Options to Apria Patients

Leading home medical equipment provider partners with patient financial engagement company to provide thousands of patients with access to 0% APR payment plans

LAKE FOREST, Calif. & NASHVILLE, Tenn.--()--Apria Healthcare Group Inc. and CarePayment have partnered to bring CarePayment’s innovative, easy-to-understand 0% APR financing solutions to Apria patients who receive critical home medical equipment and home care supplies.

“Our customers will be able to rest easier at night thanks to our partnership with CarePayment”

Apria is one of the largest durable medical equipment providers in the country, offering home respiratory therapy, negative pressure wound therapy, home enteral nutrition therapy and support, and home medical equipment to more than 1.8 million Americans every year.

CarePayment collaborates with providers across the healthcare industry to offer their patients and customers a 0% APR payment program that allows individuals to pay their medical expenses over time with low monthly payments and no credit bureau reporting. With CarePayment’s programs, Apria patients can receive the medical supplies and care they need to live comfortably and safely at home, while paying their medical expenses over time.

“Our customers will be able to rest easier at night thanks to our partnership with CarePayment,” said Dan Starck, Chief Executive Officer of Apria Healthcare Group. “Americans are increasingly burdened by the rising out-of-pocket costs in our healthcare system. By the time patients get to us, they are desperate for tools and support that will allow them to live comfortably in their own homes. Unfortunately, extended illnesses often leave them struggling to make ends meet. We are so pleased to be able to offer our customers a solution that can help reduce the financial anxieties of managing medical conditions at home.”

“People expect to have financing options when buying a house, car, furniture, and other household necessities,” said Craig Hodges, Chief Executive Officer of CarePayment. “Why should it be any different when it comes to tending to our health? No one should have to choose between their healthcare and putting a roof over their head or food on their table. We are thrilled to partner with Apria to bring more payment options to the millions who have come to rely on the company for their home health needs.”

About Apria Healthcare Group Inc.

Apria is a privately held company owned by a group of investment limited partnerships managed by affiliates of Blackstone (NYSE:BX). Through its Apria Healthcare LLC operating unit, Apria provides home respiratory therapy, negative pressure wound therapy, home enteral nutrition therapy and support, and home medical equipment through more than 350 locations throughout the continental United States and Hawaii and serves more than 1.8 million patients each year. With over $1 billion in annual revenues, Apria is one of the nation’s largest and leading home healthcare companies. Apria was the first company of its type to obtain voluntary accreditation from The Joint Commission and has been continuously accredited for more than 25 years. For more information, visit www.apria.com.

About CarePayment

CarePayment is a patient financial engagement company that accelerates providers' transition to the new consumer-driven healthcare market. Powered by advanced technology and analytics, our innovative patient financing solutions improve patient satisfaction and loyalty while delivering superior financial results. By partnering with healthcare providers to make affordable financial options available, CarePayment helps patients get the care they need, when they need it, while protecting the financial health of provider organizations so they can continue to offer valuable care to the community. CarePayment's patient-friendly financing is compliant with applicable state and federal consumer credit laws, requires no application, and is supported by a friendly US-based customer service staff. Accounts for the program are issued by WebBank, Member FDIC. Find more information at www.carepayment.com.

Contacts

For CarePayment
Ann Waller Curtis, 615-610-0317
annwaller.curtis@dvlseigenthaler.com

Release Summary

Apria Healthcare is partnering with CarePayment to bring innovative, easy-to-understand 0% APR financing solutions to Apria patients who receive critical home medical equipment and home care supplies.

CarePayment