Here are seven key notes on orthopedic practice payment trends:
1. The cost of healthcare is rising, and the out-of-pocket expenditures for patients are higher.
2. As patients take more high-deductible plans, their ability to pay up front diminishes.
3. Also, when cost is a concern, patients may delay treatment or choose minimal care.
4. Orthopedic practices are increasingly turning to third-party businesses to offer more options to patients, such as CareCredit.
5. CareCredit allows practices to offer a number of special financing options that patients can use to pay for care with convenient monthly payments.
6. Additionally, the practice gets paid in two business days.
7. More details can be found on the company’s website, www.carecredit.com.
More articles on orthopedic surgery:
How The CORE Institute grew 40% last quarter—IT leads the way
Twin Cities Orthopedics, St. Croix Orthopaedics to merge—5 things to know
5 key observations on spine surgeon interaction with insurance companies in the future
