It is safe to say that a common reason why people avoid receiving the care they need is money concerns. With so many plans having high deductibles, many people simply do not have the monetary means and cannot afford to spend thousands of dollars. In fact, a study by a patient financial engagement company revealed that over ninety percent of the people surveyed said they had a hard time meeting their deductible. When a patient is unable to pay, it is the often the caregiver that has to shoulder the cost.
One simple way to potentially reduce the odds of not receiving payment is by creating flexible payment plans. A physician, for example, can boost the chances of collecting revenue with plans in which a patient can enroll, which means the patient is more likely to actually get the care they need, have their prescriptions filled, and not avoid seeing a doctor. Greater price transparency can also play a crucial role in encouraging patients to receive much-needed care. Most, if not all patients prefer to know what their cost is going to be prior to receiving treatment.
This update is by Abril Law, a law firm comprised of attorneys Jorge M. Abril and Sinead Baldwin. Our services include medical reimbursement, commercial litigation, and more. If you have any questions or wish to schedule an appointment, please call 305-373-0901 to speak with one of our attorneys. We look forward to working with you.
This information is provided for educational or informational purposes only and should not be construed as legal advice. The information is not provided in the course of an attorney-client relationship and is not intended to substitute for legal advice.