Patient Payment Plan™ FAQ

1. How much does the Patient Payment Plan™ cost?
2. Will my patients consent to automated monthly payments and to paying the service charge?
3. How do you collect your service fee from the doctor?
4. Does the monthly payment have to be the same amount for each patient?
5. What about paperwork? Is it complicated and time-consuming?

How much does the Patient Payment Plan™ cost?

The way we make money is by charging the patient a percentage of their monthly payments, plus a one-time set up fee to enter them into the system. Please contact a representative to discuss these fees for your practice.

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Will my patients consent to automated monthly payments and to paying the service charge?

Yes. If a patient has a bill to pay $500 out of pocket, you can now offer him or her the ability to make smaller monthly payments instead of one lump sum.

You can also choose the amount of the payments. For example, you may allow the patient to pay $50 a month for 10 months. With a 5% service charge, the patient then pays $2.50 for a service that allows them to pay $52.50 per month rather than $500 at once. Essentially, doctors extend patients credits at extremely low (5%) interest rates but are assured payment through monthly automatic deductions.

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How do you collect your service fees from doctors?

We can bill monthly or automatically draft your account the day after patients’ checks are deposited for the total amount of the combined service fees.

For example, if you have 20 patients on the 5% service fee plan who pay $50 a month, each would incur a $2.50 service fee. That month, we would deposit $1,000 worth of payments plus $50 in service fees. We would simply then draft your account to collect our $50 fee. This process is hassle free for you and does not cost a thing.

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Does the monthly payment have to be the same amount for each patient?

NO, our program is completely flexible. Payment amounts can be different for each patient depending on their circumstances. You may have a patient who owes you $2,200, and you could put him on a plan to draft $220 out of his account for 10 months. You could also draft $100 for 22 months, or $22 for 100 months. It is completely up to you. You just need to take a look at each patient and decide how much they will be willing and able to pay and set your payments accordingly.

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What about paperwork? Is it complicated and time-consuming?

The patient then fills out the one-page form with all relevant information about him or her self and his or her banking information. The final step is to attach a check made out to “Atlantic Revenue Management Services” for the one-time setup fee and send it to our offices.

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