Category: Patient Financing

Help More Patients Afford The Healthcare Services They Need

December 24, 2019 | Patient Financing

  A medical practice’s primary concern is serving its patients. You want to help patients that need care and ensure that they stay happy and healthy. But the reality is that many Americans aren’t seeking care because they can’t afford it. A recent poll showed that 54 percent of Americans said they’ve delayed care for […]

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Best Practices For Implementing a Patient Financing Program

December 17, 2019 | Patient Financing

The amount that people are paying for medical care is on the rise. The average American household spent roughly $5,000 per person on healthcare services last year, which is a 101% increase since 1984 when adjusted for inflation. The cost of medical insurance is also on the rise and has grown 740% in the past […]

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How to Increase Patient Collection Rates at Your Practice

December 10, 2019 | Patient Financing

Speeding up the payment cycle is a large pain point at medical practices of all sizes. Data compiled by MedData showed that 83% of medical practices report their top challenge is collecting patient payments with high-deductible health insurance plans. The Kaiser Family Foundation found that fewer than 63% of non-elderly households with incomes above the federal […]

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What is The Best Patient Financing Option For Your Practice?

December 3, 2019 | Patient Financing

Most patients carefully plan out their monthly budgets. When an unexpected medical bill arrives, they feel stressed out and overwhelmed. How will they afford the bill? Estimates suggest that a quarter of baby boomers, Gen Xers, as well as nearly a third of millennials, avoid seeking care due to costs. This problem is amplified by […]

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How to Increase Revenue in Chiropractic Office

August 23, 2019 | Patient Financing, Patient Pay, Patient Satisfaction, Revenue Cycle Management

Your chiropractic office exists to help people, but your ability to continue helping people depends on how much revenue the practice is generating. So while the health of your patients is always top-of-mind, the health of your practice is not to be neglected. Here are three ways that you can increase revenue in your chiropractic […]

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What Is Healthcare Payment Processing and Does Your Practice Need It?

August 16, 2019 | Medical Billing, Patient Financing

We live in a digital age where it’s easy to have anything delivered–simply, quickly, and conveniently. Healthcare is no exception, as the rise of healthcare consumerism indicates. There is a growing expectation that healthcare services of every kind will be delivered with the same kind of convenience as other kinds of products and services. This […]

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Self Pay

What You Need to Know About Patient Responsibility Payments

June 5, 2019 | Healthcare Financing, Homepage, Medical Billing, Patient Financing, Patient Pay

Historically, independent practices have had better collection rates than large networks or hospitals. But that’s changing. Patients are shouldering more and more of the financial burden for healthcare than ever before. Higher deductibles. More in premiums. Greater copays. In fact, Kaiser Family Foundation revealed that out-of-pocket patient pay rose about 230% between 2006-2015. That same […]

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How Can Patient Financing Boost Patient Retention?

February 18, 2019 | Patient Financing, Patient Retention

Running a successful practice is equivalent to running any successful business. By providing patient financing in your practice, you will provide a sustainable patient retention rate for your organization moving into the future. As a practice you want your focus to be on patient care and being a reliable healthcare provider to your patients. But, […]

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ClearGage dental-financing

Can Dental Financing Help Your Practice Increase Revenue?

October 30, 2018 | Dental, Patient Financing

What are the advantages of offering dental financing? In the past decade, healthcare affordability has become a burden for most American families. Managing dental financing, in particular, can translate into serious complications for any family working within a budget. Lack of Dental Financing Leaves Patients’ Dental Health to Worsen Before Seeking Treatment Maintaining regular dental […]

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