Navigating the Impact of Rising Healthcare Costs on Patient Finances
Rising healthcare costs are straining patient finances, highlighting the need for flexible financial solutions to address a growing problem.
- Rising healthcare costs in the United States are significantly impacting patient financial well-being due to the increased popularity of high-deductible healthcare plans and the continued changes to healthcare coverage provided by payers. Consequently, patients are shouldering the burden of these rising costs, becoming the primary payers in the healthcare equation.
Despite the wealth of information available online, many patients still struggle to navigate the healthcare system and comprehend their financial responsibilities, often leading to unexpected medical bills and debt.
To address this growing crisis, flexible financial solutions are imperative. CareCredit SVP and General Manager of Health Systems Shannon Burke details how third-party financing options can empower patients to better manage and anticipate their healthcare expenses, providing a vital lifeline for those navigating the complex terrain of healthcare costs.
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CareCredit gives patients a flexible way to pay and helps providers focus on delivering patient care. Accept the CareCredit health and wellness credit card and help patients manage cost, which can be a barrier to care – including deductibles, coinsurance and care not covered by insurance.
