CSI Financial Services, LLC, a national provider of easy-to-implement hospital patient financing programs, today announced the launch of Varisol, an innovative business that provides hospitals upfront payment for their delinquent and charged-off self-pay and balance-after-insurance accounts. This funding is accomplished via a purchase of the delinquent and charged-off accounts, on a non-recourse basis, from the hospital.
Through Varisol, hospitals will receive immediate cash flow for their aged self-pay account receivables — assets that are typically difficult and expensive to collect and historically yield little revenue.
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