Do Medical Credit Cards Make Sense for Providers?

“Can so-called medical credit cards help hospitals address growing bad debt challenges?”

Simply…. No.

Medical providers have wised up to their patient’s payment needs.  Not everyone can pay cash or credit.  Unfortunately, many providers unknowingly only offer “gotcha” medical credit cards with hidden, retroactive APRs and fees.   There must be better options for patients and medical practices alike.  Care Cap Plus offers interest and fee-free payment plans (not loans, not credit cards).  Patients with credit scores as low as 400 qualify and our application and payment plan have NO impact on your credit score.

Read more of this article by By Cheryl V. Jackson and HFMA Contributing Writer by clicking here.