Deductibles and coinsurances continue to skyrocket. Many Affordable Care Act (ACA) exchange plans have deductibles of $5,000 or more. The result is that more and more patients are finding it difficult to come up with surgery deposits or pay for elective procedures.
Offering payment plans and recurring, automated monthly payments are good options. But for those who need more time to pay in full, patient financing through a company such as CareCredit® is an effective way to clear patient balances off the books.