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  #1 denefits on 17 May 19

   

  27% of U.S. Families Delay in Paying Medical bills Due to Rise in treatment Cost

  
  

   

  
  

  Every one out of four (27%) households with family in U.S likely to delay care. Because  possibly they can’t afford to pay their medical bills, According to survey commissioned by Denefits  a leading provider of patient financing options designed to help patients manage their healthcare costs. The survey, conducted by ORC International, found that despite higher deductibles and out-of-pocket expenses, patients often have little knowledge about medical costs or how to pay for them.

  
  

  Analyzing why high prices impact patient behavior, Survey conducted on 700 individuals, who have minimum income $35,000. Survey- Twenty percent of survey respondents with families reported  that their accounts had been sent to collections.

  
  

  More than half respondents concern about their ability to pay a treatment bills less than $1000, and 35% in favor of paying a treatment bill below $500.

  
  

  Wanting both transparency and communication around healthcare costs and financing was consistent across the board, with all generations and income levels indicating the desire. More than half (55%) reported that they want the discussion to happen before care or a service is delivered, but 1 in 5 said they are not comfortable speaking with their provider about their financial situation.

  
  

  However, despite costs of care—including increases in out-of-pocket costs—weighing heavy on families, patients often have little knowledge about medical costs or how pay for them. Only 21% of respondents indicated that their healthcare providers have spoken to them about available patient financing options in the past 2 years.

  
  

  Social healthcare Payments

  
  

  With this you can ask from your family and friends to donate you sum percentage of your treatment cost. This is a smart way of financing without putting yourself into debt trap.

  
  

  No Credit Check Financing

  
  

  With no credit check patient financing, patients can get easy finance on their treatment without enrolling into insurance or having a bad credit score.

  
  

  Based on the report’s findings, the authors recommended 3 strategies for providers to offset the impact of out-of-pocket costs:

  
  

  
  
  • Have discussions with patients about their estimated out-of-pocket expenses before or at the point of care
  
  
  • Offer a variety of options for payment
  
  
  • Publicize the availability of no- or low-interest financing options
  
  

   

  <div class="cArrow"> </div><div class="cContentInner"><h1>27% of U.S. Families Delay in Paying Medical bills Due to Rise in treatment Cost</h1> <br /> <p> </p> <br /> <p><span style="font-weight: 400;">Every one out of four (27%) households with family in U.S likely to delay care. Because  possibly they can’t afford to pay their medical bills, According to survey commissioned by Denefits  a leading provider of patient financing options designed to help patients manage their healthcare costs. The survey, conducted by ORC International, found that despite higher deductibles and out-of-pocket expenses, patients often have little knowledge about medical costs or how to pay for them.</span></p> <br /> <p><span style="font-weight: 400;">Analyzing why high prices impact patient behavior, Survey conducted on 700 individuals, who have minimum income $35,000. Survey- Twenty percent of survey respondents with families reported  that their accounts had been sent to collections.</span></p> <br /> <p><span style="font-weight: 400;">More than half respondents concern about their ability to pay a treatment bills less than $1000, and 35% in favor of paying a treatment bill below $500.</span></p> <br /> <p><span style="font-weight: 400;">Wanting both transparency and communication around healthcare costs and financing was consistent across the board, with all generations and income levels indicating the desire. More than half (55%) reported that they want the discussion to happen before care or a service is delivered, but 1 in 5 said they are not comfortable speaking with their provider about their financial situation.</span></p> <br /> <p><span style="font-weight: 400;">However, despite costs of care—including increases in out-of-pocket costs—weighing heavy on families, patients often have little knowledge about medical costs or how pay for them. Only 21% of respondents indicated that their healthcare providers have spoken to them about available<a href="https://www.denefits.com/" rel="nofollow"> patient financing options</a> in the past 2 years.</span></p> <br /> <h3><strong>Social healthcare Payments</strong></h3> <br /> <p><span style="font-weight: 400;">With this you can ask from your family and friends to donate you sum percentage of your treatment cost. This is a smart way of financing without putting yourself into debt trap.</span></p> <br /> <h3><strong>No Credit Check Financing</strong></h3> <br /> <p><span style="font-weight: 400;">With no credit check patient financing, patients can get easy finance on their treatment without enrolling into insurance or having a bad credit score.</span></p> <br /> <p><span style="font-weight: 400;">Based on the report’s findings, the authors recommended 3 strategies for providers to offset the impact of out-of-pocket costs:</span></p> <br /> <ul> <br /> <li style="font-weight: 400;"><span style="font-weight: 400;">Have discussions with patients about their estimated out-of-pocket expenses before or at the point of care</span></li> <br /> <li style="font-weight: 400;"><span style="font-weight: 400;">Offer a variety of options for payment</span></li> <br /> <li style="font-weight: 400;"><span style="font-weight: 400;">Publicize the availability of no- or low-interest financing options</span></li> <br /> </ul></div>

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