What Does It Mean to Have a Private Paying Patient?
Did you know that the top reason why Americans do not go to the dentist, eye doctor or other healthcare specialist is because they do not have or cannot afford insurance coverage?
A Discount Plan saves money and time for both a healthcare specialist and a patient. While both options are useful in lowering total healthcare costs, a discount savings plan is typically a more effective option for many patients as these plans can reduce service costs anywhere from 10%-60% on average. With a Discount plan, the person in your chair becomes a private paying patient and is usually looking to build a long term relationship. For a Provider, It’s also a great way to offer patients options when it comes to maximizing their care and minimizing their cost.
With a Discount Plan:
- Doctors get paid in full (based on the discounted fee schedule) at the time of service. No need to worry about deductibles or coinsurance as the doctor typically gets full payment in hand immediately
- There are no annual maximums. Patients can see you as often as they like or need to. This helps them develop and maintain an ongoing relationship and healthcare maintenance plan with their specialists
- NO claims, NO waiting and NO limitations. Your office staff will save time by not having to file, process or request reimbursement. It’s quick and easy.
- Insurances typically have pre-existing condition clauses while discount plans typically do not. This increases the number of patients that a specialist can see during any given period
- You help the community get access to healthcare they might need but cannot otherwise afford. You become a leader in helping your community stay healthy
As a Healthcare Specialist, you should consider offering a discount plan that is affordable for all people within the community. As an example, Community Health Plans offers a Discounted Fee Schedule with savings up to 80%. For those who need care but cannot afford it, this is very enticing.