Accessible, Affordable Patient Financing for ASCs
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.
Benefits of offering ASC Patient Financing
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
Provider Benefits
- Attracts new patients
- Increases case volume
- Eliminates financing & collections
responsibility - Shortens A/R
- Accelerates revenue cycles
- Streamlines workflow