CSI Financial Services

Media Contact: Jennifer Vansant at 858-200-9213 or jvansant@csifinancial.com

Pennsylvania Hospital Engages CSI Financial Services to Provide Automated Patient Financing for All Self-Pay Patient Accounts

Receives $650K for Initial Funding and Reduces Costs of Account Management

San Diego, California, Feb. 05, 2007 -- CSI Financial Services (CSI) has been awarded the contract to provide automated patient pay financing for a 200-bed hospital in Pennsylvania. Within the first two weeks of implementing the program, patients received loans totaling $650,000, significantly improving collections at the hospital. Beginning in February, the hospital will turn over all self-pay and balance-after-insurance patient accounts to CSI, which will then manage the accounts under flexible financing plans tailored to each patient's needs. CSI expects loan volume to average $300,000 each month, primarily from patients that previously would have been sent to collections.

In addition to an infusion of immediate cash and ongoing improvements in cash flow, the new CSI patient financing program offers several advantages over traditional collection policies. Instead of being faced with impersonal, unfriendly collection agencies, patients taking advantage of the CSI program receive affordable payment options and compassionate customer service.

The CSI program will also reduce the hospital's administrative costs relating to the management and collection of self-pay accounts. CSI's 13-plus years of experience in underwriting, funding and managing self-pay accounts enables it to offer patient financing and management services at a price that is extremely competitive related to the cost of collections.

According to Mitch Patridge, CSI's CEO, CSI expects a major upswing in portfolio transactions in 2007. "The volume of self-pay patient accounts has been on the rise due to the increase in underinsured and uninsured individuals. Hospitals are looking for additional methods and resources that enable them to efficiently collect on these accounts, while maintaining a positive relationship with the patient community," said Patridge. "CSI helps hospitals meet these goals by providing automated processes, up-front funding and by offering stress-free options to patients who could not otherwise pay their healthcare bills."

Based in San Diego, California, CSI Financial Services is the industry leader in offering automated patient financing and management solutions. The Company's financing methodologies are unique to the industry and allow healthcare providers to easily arrange affordable financing to a diverse and underserved portion of their patient population. To date, CSI Financial Services has provided more than 150 hospitals with approximately $190 million in advance payments for patient accounts and has extended loans to patients in all states. For more information about CSI Financial Services visit www.csifinancial.com.

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