Have you ever delayed medical treatment due to financial or other reasons? If so, you’re not alone. According to a survey by the Kaiser Family Foundation, nearly one in three Americans have avoided medical treatment due to cost. It’s important to understand that delaying needed medical care impacts not only the patient but also creates problems for their families and for employers.

For many people in America, the U.S. healthcare system is frustrating, overly complex, opaque, and expensive. The intersection of patients, healthcare providers, insurance providers, drug companies, and governmental regulations is not well managed or streamlined and most often manifests in medical debt for patients and inefficient revenue collection for healthcare providers.

Each year, millions of Americans find themselves in a precarious financial situation due to medical debt. From rising healthcare costs to limited insurance coverage, it can be difficult for patients to stay afloat when faced with mounting medical bills. However, the implications of medical debt impact not only the financial health of Americans but their physical and mental health as well. The entire U.S. healthcare system is adversely affected by the rising medical debt of Americans, and it is imperative to know what you can do to avoid or manage this type of debt.

FinPay offers payment solutions to help ease the uncertainty and stress of medical bills. Contact info@finpay.com to learn more about how our automated pre-care engagement can help you and your family avoid the negative consequences of medical debt.

For many Americans, the cost of healthcare can be paralyzing. Unknown costs, unexpected charges, and the general complexity and ambiguity surrounding healthcare insurance coverage and billing can place families in bankruptcy or cause them to forego needed treatment out of fear of financial ruin. Knowing what to do if you can't pay medical bills is essential for patients. There are options available, but you want to research them and understand them before you need them.

For Americans with health insurance, usually offered through an employer, there is some financial security for medical costs. However, most people are never quite certain exactly what services are covered or how much the insurance company will pay, so economic uncertainty exists, even for those with insurance. The uncertainty is even greater for millions of Americans who are on Medicare, Medicaid, or uninsured.

FinPay offers automated payment solutions through pre-care engagement. A patient-focused system built on transparency and education makes the patient financial experience much less volatile. Contact FinPay at info@finpay.com.

FinPay offers payment solutions to maximize the payment financial experience. The healthcare experience for most Americans can be complicated and confusing, especially with regard to paying for treatment. Many people forego needed treatment due to uncertainty over the total cost, and unexpected medical charges place many others in strained financial situations. What to know about FinPay is that we provide automated patient engagement to deliver the cost transparency, education, and affordable payment options patients need to understand and afford their financial responsibility.

The benefits of automation through our integrated software solution can lead to better relationship outcomes for patients and providers as each gains a better understanding of the financial engagement experience. Contact info@finpay.com for more information.

Medical debt is a growing problem in the United States, and the costs of healthcare are one of the biggest obstacles Americans face in getting needed treatment. The American healthcare system is complex, confusing, and opaque. For patients, a healthcare payment specialist can provide clarity and ease financial worries.

A healthcare payment engagement specialist is responsible for helping patients understand and navigate the payment process, from setting up a payment plan to identifying assistance programs. They are also trained in the complexities of medical billing and payments. The specialist can manage a patient's medical bills, explain payment plans, and negotiate with providers for lower costs. Additionally, a healthcare payment specialist can explore payment options, such as automatic payments through FinPay, which can increase transparency and streamline the process.

For more information on our automated software platform that offers patients financial education, transparency, and payment options, contact FinPay at info@finpay.com.

It is no secret that the cost of healthcare in the United States is high. What may be less well known are the significant challenges in patient financial responsibility people face in meeting those costs. For patients, three of the most common challenges to meeting medical bills are: