drchrono Blog How Patient Payment Plans Can Improve Practice Cash Flow and Patient Satisfaction

As more Americans feel the tightening of their household budgets, paying for healthcare adds to their collective burden. According to the West Health-Gallup Healthcare Affordability Index, the percentage of the public who can afford and access prescription drugs and quality healthcare stands at a new low of only 55%. And with the rise in patient health costs, payments are often delayed, disrupting the financial stability of medical practices. Offering flexible patient payment options is not just a courtesy; it’s quickly becoming essential to healthcare revenue cycle management (RCM).