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Help Patients Pay for Surgery
Understanding how healthcare credit cards work will help you select the one that's best for your facility — and those who come to you for care.
Monica Ziegler
Publish Date: March 19, 2020   |  Tags:   Financial Management
DONE DEAL Offering patient financing plans lets you avoid last-minute cancellations of profitable procedures.   |   Monica Ziegler, MSN

Cash flow is as important to your facility's fiscal health as it is for your patients' household budgets. Today's high-deductible healthcare plans can threaten both, as many patients stress to obtain the thousands of dollars they must pay out of pocket on the day of surgery. That's where patient financing plans can help. Patients who struggle to cover the cost of their care when they arrive at your facility can sign up for a medical credit card, which they can use to charge their deductibles. About 20% of our patients take advantage of the service to receive the care they need. The financing plans also allow our facility to get paid in advance of procedures, a key factor in ensuring we run in the black. Here's how we've designed our process to ensure we're providing access to care in a way that allows us to run a profitable business and support our patients.

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