TempoPay - 3x3x3 Challenge With David Kinsey
TempoPay removes cost barriers to care by giving employees instant, interest free access to funds for medical expenses, helping employers boost productivity, retention, and financial wellness.
Transcript:
What is TempoPay?
TempoPay is solving for the 49% of the U.S. population that doesn't have enough funds to afford their plan deductible. They avoid or delay care, which impacts productivity in the workforce, and it often results in a higher cost visit, either in the emergency room or urgent care, compounding the issue. Employers can offer TempoPay to provide their employees access to interest-free funds to manage their out-of-pocket healthcare expenses. With TempoPay, employees can get the care they need when they need it. They pay for their patient cost share using the TempoPay Visa card and pay it back over time, interest free via payroll deductions, a personal bank account, or using pre-tax funds.
How is TempoPay different?
Provider offices often will have point-of-care financing solutions available, but they come with a credit check and potentially high interest rates that can cause more harm than good. With TempoPay, employees can manage their healthcare costs over time at 0% interest, no fees, and no credit check is required. The employee knows about TempoPay when they are making the decision to receive care. This promotes using the more appropriate place of service at the right time. Our solution provides peace of mind so employees can access the care they need when they need it without worrying about the cost. For employers, they are not responsible for the employee balances. The employer is only responsible to pay our per employee per month fee. Now our company's been providing patient financing solutions for almost 20 years. We have seen the positive impact our solutions provide for employees, their dependents, and employers. We are a simple way for employers to provide real financial support and demonstrate care for their employees.
Wwho is a good fit for TempoPay?
We work with employers across the country with 50 or more employees, and we serve and benefit many types of employers, including groups with employees living paycheck to paycheck, so average salaries of around $100,000 or less, employers with high deductible health plans who want to help their employees preserve their health savings account investments. TempoPay can also be implemented anytime during the year, thus off renewal to help address recent plan design cost shifting, and last, employers that view financial wellness as a key component to the overall wellness of their employee population, TempoPay is a great fit for that strategy.
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Transcript:
What is TempoPay?
TempoPay is solving for the 49% of the U.S. population that doesn't have enough funds to afford their plan deductible. They avoid or delay care, which impacts productivity in the workforce, and it often results in a higher cost visit, either in the emergency room or urgent care, compounding the issue. Employers can offer TempoPay to provide their employees access to interest-free funds to manage their out-of-pocket healthcare expenses. With TempoPay, employees can get the care they need when they need it. They pay for their patient cost share using the TempoPay Visa card and pay it back over time, interest free via payroll deductions, a personal bank account, or using pre-tax funds.
How is TempoPay different?
Provider offices often will have point-of-care financing solutions available, but they come with a credit check and potentially high interest rates that can cause more harm than good. With TempoPay, employees can manage their healthcare costs over time at 0% interest, no fees, and no credit check is required. The employee knows about TempoPay when they are making the decision to receive care. This promotes using the more appropriate place of service at the right time. Our solution provides peace of mind so employees can access the care they need when they need it without worrying about the cost. For employers, they are not responsible for the employee balances. The employer is only responsible to pay our per employee per month fee. Now our company's been providing patient financing solutions for almost 20 years. We have seen the positive impact our solutions provide for employees, their dependents, and employers. We are a simple way for employers to provide real financial support and demonstrate care for their employees.
Wwho is a good fit for TempoPay?
We work with employers across the country with 50 or more employees, and we serve and benefit many types of employers, including groups with employees living paycheck to paycheck, so average salaries of around $100,000 or less, employers with high deductible health plans who want to help their employees preserve their health savings account investments. TempoPay can also be implemented anytime during the year, thus off renewal to help address recent plan design cost shifting, and last, employers that view financial wellness as a key component to the overall wellness of their employee population, TempoPay is a great fit for that strategy.
Take the 3x3x3 Challenge
Get a professional video pitch benefit pros actually watch. Scripting, recording, exposure, and your video file. $1,000, all in.
Check Out the 3x3x3 Playback Report
See which vendors are getting the most attention, ranked by total seconds watched over the past 12 months.
Subscribe to The Floor Report
Get weekly insights and see who's earning attention from benefit professionals with the 20 latest 3x3x3 Challenges.