Consumers’ share of out-of-pocket medical expenses has increased dramatically over the last 15 years. Out-of-pocket spend reached $365 billion in 2017 alone, representing a 3.6% increase from 2016. At the same time, taking a cue from online retail shopping, today’s medical consumer has come to expect speed, convenience and transparency in their medical purchasing experience.
Rectangle Health offers solutions that healthcare practices can implement to help families deal with their rising healthcare financial responsibility. Providing safe, convenient and efficient payment methods that help facilitate timely and predictable payments are a win/win for patients and practices alike.
This infographic illustrates rising healthcare costs and options to help patients shoulder the additional financial burden.