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Market Demand for Patient Financing

  • High deductible health plans have steadily increased causing patients
    to bear an increased financial burden for surgical procedures.
  • Patient collections have become a growing concern for all providers.
  • Providers are seeking innovative ways to assist patients with
    out-of-pocket costs.
  • 92% of consumers want to know their payment responsibility prior to
    a procedure.
  • Automated payment plans increased by 272% from 2013 – 2016.
  • 40% of patients seeking credit from top healthcare lenders are
    denied.
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Benefits of offering ASC Patient Financing

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CTS
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Patient Benefits

  • Out-of-pocket costs known in
    advance
  • Removes financial stress
  • Provides an alternative to
    traditional lenders – banks
  • Innovative lenders fund higher
    patient populations
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Provider Benefits

  • Attracts new patients
  • Increases case volume
  • Eliminates financing & collections
    responsibility
  • Shortens A/R
  • Accelerates revenue cycles
  • Streamlines workflow
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