Business, Free News Articles

Innovative Healthcare Finance Company Relocates Headquarters to Florida

JACKSONVILLE, Fla. -- Care Cap Plus, an innovative healthcare finance company serving medical practices and hospitals across the country, today announced that it has relocated its headquarters from New Jersey to Jacksonville, Florida.

The company offers an answer to rising consumer medical debt, helping medical practices extend care to patients whose credit scores may not qualify them for other lending options - while allowing hospitals to get out of the business of chasing payments from patients. Positioned as a source of compassionate and responsible medical financing, Care Cap Plus offers interest-fee and fee-free payment plans to patients of participating providers, with a superior track record of patient repayment.

"Relocating our headquarters to Florida is part of our national business growth strategy to have a stronger presence in one of the nation's most populous and diverse states," said Betsy Giordano, Chief Operating Officer of Care Cap Plus. "Medical debt is crippling patients and driving consumers into bankruptcy, and we are proud to be a solution to that problem that benefits both patients and medical providers."

The company's relocation was fueled in part by Florida's pro-business state tax policies, competitive cost of doing business and friendly business and regulatory environment. Also factoring into the move was Care Cap Plus' desire to grow business in the Southeast, one of the fastest growing regions. Care Cap Plus currently works with medical practices and hospitals in 15 states, including the nation's four largest states -- California, Texas, Florida, and New York -- as well as Southeastern states Georgia, Mississippi, and South Carolina.

Care Cap Plus offers healthcare providers an upfront, non-recourse payment of 30% of the cost of a patient's procedure, and services the balance of the patient's payment in equal installments to ensure a reliable cash flow to providers. Patients pay zero fees and zero interest, and can qualify for Care Cap Plus with a credit score as low as 400.

In Florida, 1 in 4 people have put off a medical procedure because of a high deductible or affordability issue, and 1 in 5 struggle with medical debt. Care Cap Plus provides a way for patients to pay for medical procedures and services without going into debt, using a credit card, or taking out a loan. Other medical payment plans hit consumers with big fees and penalties if they are late on a payment or fail to pay off the debt in a fixed time.

"We created Care Cap Plus to meet a real need - a healthcare finance solution without 'gotcha' fees," said Giordano. "Clearly that benefits patients, but it also benefits medical practices by building loyalty, referrals, and return business and growing the practice by extending care to patients who otherwise couldn't afford it."

About Care Cap Plus:

Care Cap Plus, LLC enables healthcare providers to bridge the increasing gap between patient out-of-pocket expenses and available payment options. Care Cap Plus facilitates "no fine print," zero-interest, plus zero-fee payment plans for providers, allowing patients to pay for elective or other procedures not covered by insurance without taking on a loan from a third party. Care Cap Plus payment plans allow partner providers to accept patients with subprime credit.

For more information about Care Cap Plus, visit https://carecapplus.com/.

Media Contact
Juliet Hauser
juliet@sachsmedia.com

This news story was published by the Neotrope® News Network - all rights reserved.

Alliances and Partnerships, Business, Free News Articles, Software

Guaranteed Rate Partners with DocMagic to Cut Closing Time

TORRANCE, Calif. -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that retail mortgage lender Guaranteed Rate can now cut closing time by electronically signing mortgage closing documents in advance.

Guaranteed Rate has branded the solution FlashClose, which allows customers to opt-in, review and complete most documents in advance of the notary arriving, saving an hour or more at the closing table - with some averaging a mere 10-minute appointment to provide inked signatures.

"Guaranteed Rate is always looking for ways to simplify the process using innovative technology to enhance the customer experience," says Jim Hettinger, executive vice president of operations for Guaranteed Rate. "With the successful launch of FlashClose, powered through our partner DocMagic, this tool adds speed, convenience and accuracy to the closing process."

"Guaranteed Rate is a leader in mortgage technology innovation and collaborating with them on this project has created a solid hybrid eClosing approach that saves a lot of time for both borrowers and closing agents," stated Dominic Iannitti, president and CEO at DocMagic. "The fashion in which Guaranteed Rate is leveraging our technology has resulted in the successful adoption of a sound, compliant, secure hybrid eClosing that is unique to their retail lending business strategy."

Of note is that DocMagic offers a comprehensive eClosing solution called Total eClose(TM) that delivers fully paperless closings from start to finish. DocMagic's proprietary eSign platform is a component of Total eClose and can be accessed and implemented by lenders to help automate the closing process.

For more information about FlashClose, visit https://www.guaranteedrate.com/flashclose.

About DocMagic:

DocMagic, Inc. is the leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1988 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit https://www.docmagic.com/.

About Guaranteed Rate:

Guaranteed Rate is one of the largest retail mortgage lenders in the United States. Headquartered in Chicago, the company has approximately 210 offices across the U.S. and Washington, D.C., and is licensed in all 50 states. Since its founding in 2000, Guaranteed Rate has helped hundreds of thousands of homeowners with home purchase loans and refinances and funded nearly $19 billion in loans in 2017 alone. The company has become the Home Purchase Experts(R) by introducing the world's first Digital Mortgage technology and offering low rate, low fee mortgages through an easy-to-understand process and unparalleled customer service. Guaranteed Rate won an American Business Award for its Digital Mortgage technology in 2016, ranked No. 1 in Scotsman Guide's Top Mortgage Lenders 2016, was chosen as Top Lender 2016 and 2017 by Chicago Agent magazine, made the Chicago Tribune's Top Workplaces list seven of the past eight years, and was named Best Overall Online Lender and Best Lender for FHA Refinance by NerdWallet in 2018. Visit https://www.guaranteedrate.com/ for more information.

This news story was published by the Neotrope® News Network - all rights reserved.