Vector Health
Expanding financial assistance for rural hospitals and their patients
Together with Vector Health we are helping rural and community hospitals access nonprofit copayment and foundation assistance programs that can help cover what patients owe without adding work for hospital staff. More assistance for patients. More recovered revenue for hospitals. A simpler process for rural healthcare organizations.
A new opportunity for rural hospitals
For more than 20 years, large health systems have leveraged nonprofit funding programs to help patients afford their care. Rural hospitals haven’t always had access to the same resources, but our partnership with Vector Health helps change that.
Vector Health screens eligible patient accounts against 2,000+ copayment and foundation programs, identifies potential matches, and manages applications from start to finish—helping rural hospitals pursue additional funding without adding work to already stretched teams.
Implementation is simple, too. For clients using the TruBridge EHR, data can flow directly to Vector Health, which is also integrated with the RCM Tech platform. Implementation typically takes a week or less.
How it works
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Screen: Vector Health automatically screens self-pay and balance-after-insurance accounts against more than 2,000 nonprofit and foundation programs to identify potential sources of assistance.
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Apply: When a patient qualifies, Vector Health identifies the funding opportunity, works with the patient and submits the application directly to the appropriate funder. Your team doesn't have to lift a finger.
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Recover: Approved funding is sent directly to the hospital by the nonprofit or foundation. Hospitals receive a monthly report detailing the patients and funding recovered.
Supporting rural patients. Strengthening rural hospitals.
Copayment assistance can provide benefits on both sides of the equation. For patients, available funding can help reduce the amount they are responsible for paying out of pocket. Recovering dollars that may otherwise go unpaid can strengthen the financial foundation needed to continue serving their communities.
For a typical 25-bed critical access hospital, this could mean an estimated $40,000 – $100,000 in additional recovered revenue each year.
The opportunity at a glance
Nonprofit and foundation programs screened
Average funding per patient case
Of total dollars recovered come from cases over $1,000
No upfront cost
There is no subscription, setup fee or software fee. Vector Health is compensated through the dollars recovered so the partnership is designed around results. You only pay when you recover.
Built for the realities of rural healthcare
Rural hospitals operate with limited resources and teams that are already managing competing priorities. Adding another manual process isn’t the answer. That’s why the Vector partnership is designed to work behind the scenes helping identify funding opportunities, manage applications and recover eligible dollars without creating additional administrative work for your staff. The goal is simple: help rural hospitals access more of the funding already available to support their patients.
See what’s possible for your hospital
Every rural hospital has a unique patient population, payer mix and financial profile. Let’s explore what copayment assistance could mean for your organization. Schedule a 30-minute conversation to learn how Vector and TruBridge can work together, what the process looks like for your team, and what may be possible for a hospital for your size.
Frequently Asked Questions About Copayment Assistance for Rural Hospitals
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Copayment assistance helps eligible patients cover some or all of their out-of-pocket healthcare costs through nonprofit organizations and medical assistance programs. Depending on the program, assistance may be available for copayments, coinsurance or other eligible healthcare expenses.
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Vector Health helps rural hospitals identify nonprofit and foundation programs that may provide financial assistance for eligible patients. Its platform screens accounts against more than 2,000 programs and helps manage the application and funding process.
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Copayment assistance can help rural hospitals recover eligible patient balances that might otherwise remain unpaid. It can provide an additional revenue opportunity while helping reduce the financial burden on eligible patients.
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Eligible patients may receive financial assistance toward certain out-of-pocket healthcare costs. This can help reduce medical expenses and make it easier for patients to afford necessary care.
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Vector Health’s model is designed to minimize the administrative burden on hospital teams. Vector screens accounts, identifies potential matches and manages applications with patients and funders.
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Vector Health screens patient accounts against 2,000+ nonprofit and foundation programs to identify potential assistance opportunities.
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Recovery varies by hospital and patient population. Vector Health reports that critical access hospitals typically recover $40,000–$100,000 annually, while larger rural systems may recover more.
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No. The Vector Health model does not require a subscription, setup fee or software fee. Hospitals pay a percentage of recovered dollars.
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Vector Health’s model is based on 30% of dollars recovered. The hospital does not pay when no funds are recovered.
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No. Eligibility depends on the requirements of individual nonprofit and foundation programs. Vector Health’s screening process helps identify potential matches based on available program criteria.
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It can provide an additional avenue for recovering eligible patient balances that may otherwise become difficult or impossible to collect. Vector Health specifically positions its service as a way for rural facilities to reduce bad debt and recover revenue.
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Yes. Vector Health states that it partners with rural and community hospitals and designed its model around challenges such as limited revenue cycle staffing and high levels of self-pay and underinsured patients.