Payment Optimization

PokitDok's Payment Optimization solution is based on our Health Credit Outcome (HCO). This proprietary algorithm is designed to aid qualification tools used by lending institutions, payment solutions, health systems, and medical practitioners, to make new financing options available to patients for non-acute medical services.

80%

Of those covered must pay an annual deductible before insurance begins to subsidize medical costs

$13,700

Out of pocket expense after premiums that a family might pay on a high deductible health plan

25%

Nearly one-quarter of workers are enrolled in High Deductible Health Plans

How it Works

Financial Institutions

Lenders and payment solutions, with interests in healthcare, can make services available that are more attractive to consumers than high interest credit cards.

Patients

With the patient's consent, organizations can make informed lending options available to help finance expensive, non-acute procedures that often fall below the deductible threshold, like orthopedic surgery, imagery, and cosmetic treatments.

Hospitals/Providers

Providers then mitigate financial risk, improve cash flow, and have more resources to support payment options for care.

Patients

With the patient's consent, organizations can make informed lending options available to help finance expensive, non-acute procedures that often fall below the deductible threshold, like orthopedic surgery, imagery, and cosmetic treatments.

Financial Institutions

Lenders and payment solutions, with interests in healthcare, can make services available that are more attrictive to consumers than high interest credit cards.

Hospitals/Sole Providers

Providers then mitigate financial risk, improve cash flow and have more resources to support payment options for care.

Under The Hood

HCO is designed by a team of data scientists with a deep academic background in mathematics and graph theory

"This really is a win-win-win for consumers, providers, and national healthcare systems at large. Real-time access to demographic data, benefit plans, coverage, how much of one's deductible is satisfied, claims outstanding, and availability of employer-supported savings accounts, to mention a few, gives both providers and consumers a new option for healthcare lending, one that could be financially life-changing."

Jim Bonnette, MD
Executive Vice President, Head of Strategy Consulting
The Advisory Board Company

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