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What happens when health care organizations extend credit to patients?  Should hospitals and physician offices extend...

What happens when health care organizations extend credit to patients?  Should hospitals and physician offices extend credit to uninsured or underinsured patients or should it be managed by an outside financier (bank, etc)?

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Answer #1

The healthcare expenses are growing day by day with no decline. If a health care organization extends credit to patient

  • It enables the patient to be prepared and make arrangements for the final bill
  • It can encourage patient to visit provider without any financial concern
  • It may increase the patient flow
  • There are chances to detect or screen diseases at the earlier stage and preventing it from complicated stage and unnecessary medical expenses
  • Patients to pay out of pocket are greatly reduced
  • Beneficial for immigrants ,under insured and uninsured person

If a hospital or physician extrns a credit it will increase the patient flow and this the financial status

A outside financier can be made accessible legally in case of larger organizations and a provider having more number of patients in a day.

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