5 Patient Payment Plan Benefits for Provider and Patient
Paying for medical care can be an obstacle for many people, preventing them from seeking the treatment they need. In fact, nearly one in four Americans report avoiding medical care due to concerns about the costs. On the flip side, unpaid medical bills are a pressing concern for many healthcare providers, constraining their cash flow and making it difficult to meet their financial obligations. Offering a patient payment plan is a simple solution to both of these issues, making it easier for patients to pay their bills and improving your bottom line in the process. Advantages of Offering a Patient Payment Plan Whether you’ve been considering payment plans for a while, or you’re just beginning to research your options, here are some of the benefits of patient payment plans. It allows patients to pay on terms that work for them In an ideal world, patients would pay what they owe as soon as they get their bills. Unfortunately, that’s not the world we live in — and most healthcare provi