Patient Payment Plan™

Medical providers can immediately increase their revenues with a new service that allows them to deduct monthly payments quickly, automatically and directly from their patients' checking accounts.

The Problem: Collecting Money From Patients

Despite insurance claims, a significant portion of a doctor’s income comes directly from patients; however, many patients do not have the means to pay for treatments immediately, forcing doctors either to extend credits or refuse treatments. Doctors take personal risks extending credits since patients may never pay which can add up over time to tens of thousands of dollars in lost potential profits per year. On the other hand, doctors slow the growth of their practices by denying treatments. In this no-win situation, doctors either turn away business or accept business with the risk that payment may not be rendered for services.

Most patient visits are not covered 100% by insurance. Additionally, over 30% of Americans are uninsured, meaning they must pay out-of-pocket for doctors’ visits and treatments. It is this combination of problems that causes doctors to collect just 49% of money owed by patients.

What if you had a way to collect 98% of money owed to your practice?

How Bad Is This Problem For You?

Every situation is different and may be better or worse than the national average. Even if just 15% of a doctor's patients do not pay, that represents a large amount of money each year. The important part is this: that 15% represents lost profits. Doctors often do not consider how much money they are leaving on the table by using their current methods to handle this situation. We suggest you take a moment to use our online calculator to see how even a slight percentage can add up to significant lost profits annually. The calculator will show how much money a doctor is losing by extending risky credit and by turning away new potential patients.

The Solution: The Patient Payment Plan™

Finally, there is a solution to this problem. The Patient Payment Plan™ (PPP) is revolutionizing the way doctors across the country collect money from their patients by allowing them to collect significantly higher portions of money owed—in most cases, 98% of that money.

This medical bill collection process is carried out without alienating or harassing patients and without burdensome overhead expenses. In fact, the PPP carries no ongoing expense or cost to doctors. Now, patients can make affordable monthly payments without applying for credit and without lengthy approval processes. Payments are simply automatically deducted from their bank accounts each month until their bills are paid.

Extremely Easy To Implement Into Your Practice

Here’s how it works: a doctor presents a patient with a form we provide which explains the Patient Payment Plan™. The patient then takes one minute to fill out and sign a one-page agreement allowing the doctor to draft the patient’s bank account for a specific amount (with a service fee) each month until the patient’s bill is paid.

Next, the doctor forwards the agreement to our office where our proprietary software package allows us to print checks on behalf of the doctor’s patients on the same day every month and deliver them to their office for immediate deposit.

There are no invoices, no checks waiting to be mailed, no follow-up calls for staff members to badger and threaten patients for money. Doctors are simply paid on time.

• Still have questions about the payment plan?
  Read more in our Patient Payment Plan FAQ
  
  
• Want to see how much you can increase your profits?
  Take a look at our PPP Savings Calculator