Problem: A Patient need a medical procedure done: Insurance does not offer coverage for the procedure, the patient can't afford the procedure out-of-pocket, and the patient does not qualify for third-party financing. There are two options: (1) The Medical Provider does not service patient's needs and patient finds services elsewhere (2) Medical Provider rolls the dice and trusts the patient to payback in monthly installments. Both options are high risk to the provider and at least one of the options denies the patient service.
Answer: Arch Advantage bridges the financial gap by offering a cloud-based solution, the ARCH Smart Engine (patent pending) that utilizes non-traditional "big" data to assess a patient's payment worthiness (regardless of their credit history) to generate a customized payment plan based on a patients individual risk. The Smart Engine then sets an automated schedule that services the full life-cycle of the payment plan from origination through final payment.