Financial Policy
Financial Policy
Benefits
An effective financial policy communicates to your patients when payment is expected and what forms of payment are accepted at your practice. With the help of leading practice management consultants, CareCredit has made it easy to develop a Financial Policy that fits your practice's payment and insurance preferences.
By being able to clearly communicate your practice's financial guidelines, your team will be able to:
- Increase treatment acceptance by eliminating "fear of cost." Patients know up front their payment options, and can easily choose one that fits their financial situation.
- Ensure patients clearly understand how their insurance benefits work within the financial system of your practice. Plus, patients appreciate having payment options to bridge the gap between benefits and fees for quality care.
- Increase patient satisfaction by minimizing confusion and miscommunication.