Search company, investor...

Financial Assistance

Founded Year



Loan | Alive

Total Raised


Last Raised

$310K | 3 yrs ago

About Financial Assistance

Financial Assistance is a debt collection agency specializing in credit union collections, commercial recovery, higher education debt collection, property management collections and more.

Headquarters Location

1130 140th Avenue NE Suite 100A

Bellevue, Washington, 98005,

United States


Missing: Financial Assistance's Product Demo & Case Studies

Promote your product offering to tech buyers.

Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.

Missing: Financial Assistance's Product & Differentiators

Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).

Latest Financial Assistance News

The U.S. Supreme Court Hands Down Decision That May Cool Pharmacy or Provider Discount, Coupon, or Financial Assistance Patient ...

Jun 6, 2023

To embed, copy and paste the code into your website or blog: <iframe frameborder="1" height="620" scrolling="auto" src="//" style="border: 2px solid #ccc; overflow-x:hidden !important; overflow:hidden;" width="100%"></iframe> Pharmacies and Healthcare Providers May Be Impacted A June 1st U.S. Supreme Court (SCOTUS) decision on two whistleblower cases may have far reaching consequences for pharmacies or healthcare providers that charge a discount price to patients through a discount, coupon, or financial assistance program. In a unanimous 9-0 decision, SCOTUS reversed the Seventh Circuit Court of Appeals on whether a pharmacy’s subjective knowledge of its “usual and customary” charges for prescription drugs resulted in their “knowingly” submitting false claims to the Medicaid and Medicare programs. The government may investigate claims submitted to Medicaid or Medicare based on full retail price versus the actual discount price charged to the patients. These investigations may result in civil liability under the federal False Claims Act. The False Claims Act Under the federal False Claims Act (FCA), a whistleblower may file suit on behalf of the United States against anyone who commits healthcare fraud upon the Medicare or Medicaid programs. The FCA imposes civil liability on any individual or organization (e.g., physician, hospital, medical practice, pharmacy) who knowingly submits a false claim to a federally funded healthcare program. If found liable, a federal court will enter a judgment against the individual or organization for three times the amount received from the government and may impose civil penalties up to $27,018 for each false claim. The FCA defines “knowingly” as actual knowledge of the false claim, deliberate ignorance of the truth or false claim, or reckless disregard of the truth or false claim. Some FCA cases turn on the definition of “knowingly” and whether the accused person or organization committed fraud. Prescription Drug Benefits State Medicaid programs and the Medicare program offer out-patient prescription drug coverage to qualified individuals. The Centers for Medicare and Medicaid Services (CMS) has issued rules that limit the amount Medicaid or Medicare can reimburse pharmacies for certain drugs. Generally, Medicaid will reimburse a pharmacy at the lowest amount charged to the public which is often the pharmacy’s “usual and customary charge.” Medicare Part D provides prescription-drug coverage for beneficiaries through contracts with private plan sponsors. The sponsors contract with pharmacies that limit reimbursement to the pharmacy’s “usual and customary” price. Under CMS, Medicaid, and Medicare program rules, pharmacies are often required to disclose and charge the government their “usual and customary” price for the drug sold to the public. United States ex rel. Schutte v. SuperValu, Inc. & United States ex rel. Proctor v. Safeway, Inc. In 2006, Walmart’s rolled out its $4 for a 30-day drug supply program. In response, SuperValu and Safeway matched and extended a similar offer to their customers as well. According to the whistleblowers, both pharmacy chains continued to sell their drugs at a discount while submitting claims to Medicaid and Medicare for the full retail price over several years. They allege that the pharmacies’ discounted price was their “usual and customary” price and the pharmacies intentionally failed to disclose or charge the government the discounted price. The pharmacies’ response is that they did not “knowingly” submit false claims because objectively the phrase “usual and customary” could mean their drugs’ full retail price regardless of their actual discounted sales price. The Seventh Circuit Court of Appeals agreed with the pharmacies and dismissed the cases against them. The Supreme Court unanimously disagreed with the Seventh Circuit and vacated the judgments against the whistleblowers and reinstated their cases. The SCOTUS ruled that the FCA does not require an objective or theoretical interpretation of what constitutes the “usual and customary” drug price. To establish “knowingly,” the FCA only requires the whistleblower to show that the pharmacies knew or believed that their “usual and customary” drug price was the actual discounted price, not the amount they submitted to the government. Without ruling on the merits of either case, the SCOTUS sent both cases back to the Seventh Circuit for further proceedings. In light of the SCOTUS decision, pharmacies and healthcare providers might consider reviewing their billing practices, policies and procedures, and compliance program. The Court held that the FCA will look to a pharmacy or healthcare provider’s knowledge and subjective belief of its claims’ truthfulness and not to what an objectively reasonable person may have known or believed. A careful analysis of any current or proposed coupon, discount, or financial assistance patient programs should be completed.

Financial Assistance Frequently Asked Questions (FAQ)

  • When was Financial Assistance founded?

    Financial Assistance was founded in 1986.

  • Where is Financial Assistance's headquarters?

    Financial Assistance's headquarters is located at 1130 140th Avenue NE, Bellevue.

  • What is Financial Assistance's latest funding round?

    Financial Assistance's latest funding round is Loan.

  • How much did Financial Assistance raise?

    Financial Assistance raised a total of $310K.

  • Who are the investors of Financial Assistance?

    Investors of Financial Assistance include Newtek Business Services.

  • Who are Financial Assistance's competitors?

    Competitors of Financial Assistance include Convergent Resources and 4 more.

Compare Financial Assistance to Competitors

Olympic Credit Service

Olympic Credit Service is a debt collection specialist based in Central Washington.

Convergent Resources

Convergent Resources is a provider of revenue cycle management services for healthcare companies, providing solutions across the revenue cycle spectrum including patient access solutions, early out self-pay collections, attorney-powered third party reimbursement and bad debt recovery.


NCMI provides financial services to the medical, utilities, government, retail, and small claims industries.


Armada is a Washington-based financial services firm serving the debt collection industry.

Evergreen Financial Services

Evergreen Financial Services is a privately owned provider of debt collection solutions, EFS is a leader in healthcare, utilities, government, and retail.


Rivet offers a revenue cycle operating platform that is used by healthcare providers to collect what they are owed from payers and bring price transparency to patients. The company was founded in 2018 and is based in Salt Lake City, Utah.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.