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The growing popularity of high-deductible health plans means more and more patients are paying out of their own pockets for medical care. For practices, the added pressure on patients can directly impact revenue.
If you are currently offering in-house patient financing as a way of helping your patients pay for care, we want to encourage you to look at FaaS (Finance as a Service) as a way of managing the program. Most of the national providers who have converted to our FaaS model, offered in-house patient financing as a necessary part of growing their business. Unfortunately, that meant managing things like credit, missed payments, balance reconciliation, patient disputes and the litany of regulatory burdens that come along with being a lender to your own patients. We saw this as an opportunity to help, so we built the nation’s first FaaS model, nearly 7 years ago.
Some friends of mine always sign their emails off with the tag line "With Gratitude". When I first saw this I thought, wow that is a great way to express or convey an emotion that is not very common in today's business climate. So with their permission I started using it on my emails. Not wanting to change my "canned" signature I began typing it into emails before sending them. As I did I noticed that I was consciously requiring myself to be grateful for everything I was doing and expressing that gratefulness to others. My attitude toward many things has changed since I began this journey of gratitude.