With the introduction and increased popularity of high deductible plans, there is more pressure than ever on the patient to pay their share. The average deductible for a high deductible plan is more than $5700, making out of pocket costs significant! How are your patients going to pay for deductibles, copays and items that are not covered by insurance? And how will those increasing payments impact your business?
The chart below illustrates how Patient Pay Balances nearly doubled from 2010 to 2015 and how they will nearly double again from 2015 to 2020.
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