4 times lower than collections on low-deductible plan patients.
Free money?
Keep in mind that not all financing is free to you. While some lenders
pay facilities 100% payment up front, others will charge you a transac-
tion or a provider fee that can be as high as 15%. Generally, the longer
the patient payment term, the higher the transaction fee with which
they'll charge you. To give you an idea, one lender charges a 2.9% fee
for a 6-month plan and a 7.9% fee for a 12-month plan.
"Watch which plans you offer to patients or the center will get the
13% reduction in payment," says Ms. Ziegler. "We only offer 3 of the
plans available to minimize the charge to us."
Experts say you should search for a plan with no hidden fees or pre-
