AccessOne, a provider of consumer-centric patient payment tools and financing options, announced that PNC Bank has renewed and expanded its credit facility to $300 million, up from the previous $225 million closed in 2019. The new three-year securitization positions AccessOne to help more healthcare organizations offer simplified and affordable payment options to patients at a time when 71% of consumers say inflation has affected their ability to pay their medical bills, according to a recent AccessOne survey.

“We appreciate PNC Bank’s ongoing confidence in our ability to equip today’s hospitals and health systems with financing solutions that improve the overall patient financial experience,” said Craig Rosato, President and CFO of AccessOne. “With demand for flexible payment options expected to continue to increase in the coming years, AccessOne is well positioned to increase our capacity of provider and patients and meet this need.”

PNC Bank has deep ties to healthcare, having committed more than $34 billion in capital to the industry as of the close of 2021. The financial institution ranks in the top four of treasury management providers in the healthcare space.