CarePayment Technologies, Inc., through its subsidiary, CP Technologies LLC, provides accounts receivable services in the United States. The company services healthcare accounts receivables.
The company's affiliate, CarePayment, LLC, purchases from hospitals the portion of their accounts receivable that are due directly from patients. The company then administers, services, and collects those accounts receivable on behalf of CarePayment, LLC for a fee. CarePayment, LLC offers health care provid...
CarePayment Technologies, Inc., through its subsidiary, CP Technologies LLC, provides accounts receivable services in the United States. The company services healthcare accounts receivables.
The company's affiliate, CarePayment, LLC, purchases from hospitals the portion of their accounts receivable that are due directly from patients. The company then administers, services, and collects those accounts receivable on behalf of CarePayment, LLC for a fee. CarePayment, LLC offers health care providers a receivables servicing alternative.
The company offers services for accounts receivables generated by healthcare providers in connection with providing healthcare services to their patients under the CarePayment brand name.
Customers
The company’s major customer includes CarePayment, LLC.
Government Regulation
The Bank Secrecy Act and the US PATRIOT Act apply to the company’s business. The following laws, which apply to credit originators affect the company's operations, including Truth in Lending Act, Fair Credit Billing Act, and Retail Installment Sales Act.
Patents and Intellectual Property
The company owns the CarePayment proprietary accounting software system. It also owns the trademarks ‘CarePayment’ and ‘CarePayment.com; and the Internet domain name ‘CarePayment.com’.
History
CarePayment Technologies, Inc. was founded in 1991. The company was incorporated as an Oregon corporation in 1991.