Curious to hear from colleagues with experience of the CareCredit payment facility. Seems like a good way for a patient to finance health-care costs. But is it a good deal for the health-care provider? 

  • Comments (4)
  • Dieter

     

    Here is my experience.   I found that  Care Credit  as well as other forms of  financing  will make the world of difference.  Many  many  years ago I added  Care Credit  to  my ESWT company. Lets just say  it WORKS.

    Ditto.

    Dennis

  • Quote:

    Quote:

    Dieter - not always. There are two sides of the coin. You want to be paid and you want to be paid immediately. Doctors should not be expected to be banks giving out loans. Care credit allows you to be paid, the downside is usually at a cost to you. It's crazy how many people or industries make money off the doctor. It's such a profitable idea the gov't decided to join in - they just call it EMR, PQRS and meaningful use. There is still no proof of the meaningful aspect other than it works to take money from doctors.

    Jeff, thanks for the input. One positive aspect of CareCredit, I learned, is the company assumes responsibility for and protects the doctor against default / no-payments. However, this is a tier arrangement. The longer the payment period the more it costs the doctor.


      Dieter

     

    Here is my experience.   I found that  Care Credit  as well as other forms of  financing  will make the world of difference.  Many  many  years ago I added  Care Credit  to  my ESWT company. Lets just say  it WORKS. There are other methods to help the patient get to  move forward and I am happy to discuss with you . Bottom Line. GET CARE CREDIT if they will take you on as a client. Best thing I ever did.   

  • Quote:

    Dieter - not always. There are two sides of the coin. You want to be paid and you want to be paid immediately. Doctors should not be expected to be banks giving out loans. Care credit allows you to be paid, the downside is usually at a cost to you. It's crazy how many people or industries make money off the doctor. It's such a profitable idea the gov't decided to join in - they just call it EMR, PQRS and meaningful use. There is still no proof of the meaningful aspect other than it works to take money from doctors.

    Jeff, thanks for the input. One positive aspect of CareCredit, I learned, is the company assumes responsibility for and protects the doctor against default / no-payments. However, this is a tier arrangement. The longer the payment period the more it costs the doctor.

  • Dieter - not always.
    There are two sides of the coin.
    You want to be paid and you want to be paid immediately.
    Doctors should not be expected to be banks giving out loans.
    Care credit allows you to be paid, the downside is usually at a cost to you. It's crazy how many people or industries make money off the doctor.
    It's such a profitable idea the gov't decided to join in - they just call it EMR, PQRS and meaningful use.
    There is still no proof of the meaningful aspect other than it works to take money from doctors.