Creating payment plans that benefit your patients and your practice
In today’s market of rising out-of-pocket costs and changing consumer interests, it is now vital for practices to offer flexible and practical payment options if they want to remain competitive. Our Practice Management Bridge® solution offers built-in payment plan technology for patient financing that we’ve termed Care Now, Pay Later.
Automated payment plans make it possible for more patients to choose care, and they also create consistent revenue for practices by breaking healthcare payments into fixed installments and automatically collecting against the total balance at regular intervals. Our solution keeps the payment relationship between your practice and your patients, while other patient financing options involve lines of credit, interest, and third-party collections. Other advantages for healthcare providers include:
- Control your practice’s payment plan program – you set the minimum threshold for payment plans and the terms and conditions for enrollment.
- Automate weekly or monthly payment installments according to an agreed-upon schedule.
- Strengthen patient loyalty and attract new patients.
- Encourage more patients to elect care that they might not have otherwise been able to afford.
Patients are looking for approachable payment options, and practices need to stabilize cash flow and solve for outstanding A/R. Our Care Now, Pay Later patient financing solution solves for both. Equipped with flexible payment plan technology, providers can better care for patients, and at the same time, create a recurring revenue stream for the financial well-being of their practice.