Financial Policy

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Create & Implement

Now that you know how important it is to have a Financial Policy, the good news is that CareCredit has made it quick and easy to create yours with the help of leading practice management consultants.

1. Complete Questionnaire

Record your practice's policy on key financial issues including insurance, payment due dates, and the types of payment you accept.

2. Generate Your Financial Policy Documents

Your customized Patient Payment Agreement Form and Written Financial Policy is automatically generated and instantly available to save and print from your computer.

3. Implement Your Financial Policy

Get your team on board and present your Financial Policy to new and existing patients.

Step 1: Develop a Consistent Message
Patients are more comfortable and less confused when they hear a consistent message from everyone in your practice.

Give the entire staff a copy of your New Financial Policy.
Have the doctor or office manager discuss your practice's policies at your next team meeting to ensure the entire practice staff knows and understands them.

Step 2: Give It to All Your New Patients
Introducing your Financial Policy to new patients minimizes any confusion and miscommunication of your office's policies.

Include your Financial Policy as part of every new patient's paperwork.
Have your patients sign the Financial Policy to acknowledge their awareness and understanding of your practice's policies.

Step 3: Keep Existing Patients Up-To-Date
Over time, your practice's policies may change and patients may forget. Make sure all your patients are informed and up-to-date.

Require that all patients sign and agree to your practice's Financial Policy on an annual basis.
Mail a copy of your Financial Policy to all your patients.
Have a visible copy of your Financial Policy in your waiting and consultation rooms.