Payment plan is the name of the agreement between a patient and a practice in which the patient agrees to make regular monthly payments over a specified period of time.
\When offering a payment plan, these agreements must be met before: review customer history, have a few option for payment plans, get it in writing, get a signature, follow up.
Patients must be informed of payment expectations, check patients insurance in advance, write an upfront payment policy.
Patient responsibility is the portion of a medical bill that the patient is required to pay rather than their insurance provider. A few payment options include cash, checks, debit card, credit card, bank transfers etc.
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