Why Providers should accept credit cards and eChecks

Since the inception of the ACA, consumers have seen their deductibles and out-of-pocket medical expenses skyrocket!  Because of this, providers need to give patients every opportunity to meet their financial responsibility.  By accepting credit card and eCheck payments, providers offer their patients this opportunity.  According to an InstaMed study, 50% of consumers would rather use a charge card to pay their medical bills.  Many credit card merchants offer competitive rates on their credit cards, with low, or no fees.  In addition, many HSA plans provide the consumer with a credit or debit card to use for healthcare purchases/services.  If your practice does not accept credit card payments, your HSA patients will need to jump through some obstacles to pay you.  Electronic checks are another way to offer an electronic payment option.  Many merchants offer eCheck capabilities at a low, ‘per-eCheck’ rate.  This is a great option for those consumers who do not have, or do not want to use a credit card.  Please call our toll-free number for more information on how we can help you help your patients.