Credit Card Processing
More and more, patients want to pay with a credit or debit card. It is a convenient mode of payment and today's consumer expects to have this payment option available. Additionally, many employer Section 125 Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA) issue members debit cards for out-of-pocket healthcare expenses such as co-pays and eligible health-related purchases.
If patients are unable to use credit/debit cards to make payments, they'll have to file the appropriate paperwork to get reimbursed, which can be a big inconvenience. It may also be a deterrent to visiting your practice for care.
A credit card processing account, or merchant account, allows you to accept credit/debit cards for payment in your practice. Credit card payments can reduce your operational costs while lowering incidence of delinquent and uncollectable accounts as well as improving cash flow through prompt receipt of cash.