Healthcare costs and paying for them pose obstacles for patients and providers alike. The patient financial experience is a frustrating, opaque process for the average American. For providers, a willingness to discuss financial responsibility before treatment begins creates transparency and opportunities for patient education. This leads to greater patient financial responsibility and satisfaction, all of which improve the patient's financial experience.

Too often, patients refrain from seeking necessary behavioral healthcare because of negative perceptions. They believe the cost and paperwork surrounding treatment are insurmountable obstacles. For many, the assumption is that any patient financial responsibility would be a lifelong debt they would never repay, or the bureaucracy of insurance companies and treatment centers would never end. For providers, they have every reason to make patient financial responsibility easy and affordable – it ensures they receive payment for their services, and it creates a relationship of trust and loyalty with the patient who will return for future treatment. Contact us today at info@finpay.com.

The American healthcare system has a reputation for being one of the best in the world. Unfortunately, it is also one of the most complicated for the average patient to navigate. Solutions for patients exist, but they are not easy to access, and fearful, frustrated patients too often realize the dangers of avoiding healthcare.

Mental health disorders affect many Americans every year. According to the National Alliance on Mental Illness, 1 in 5 adults in the U.S. experiences mental illness in a given year. While mental illness is common, it can be challenging to manage and treat. Mental health disorders can cause problems with thinking, feeling, and behaving. They can make it hard to cope with everyday stress, relate to other people, and keep a job.

Healthcare costs, and paying for them, pose obstacles for patients and for providers alike. Patient financial engagement is a frustrating, opaque process for the average American. Transparency and education – and a willingness to discuss financial responsibility before treatment begins – lead to greater patient financial responsibility and patient satisfaction.

American society has undergone unprecedented changes over the last few years, primarily brought on by the COVID-19 pandemic. A shift to remote work, an increase in inflation affecting the prices of household goods, and supply chain issues creating shortages have naturally affected the American workplace and the American employee.

The behavioral healthcare field is growing by leaps and bounds in America. As more and more people need treatment for substance use and mental health disorders, the demand for providers causes new players to enter the industry in an attempt to capture revenue.

The American healthcare system is a nightmare for most consumers. Patients often are left to navigate complex and confusing insurance plans in a frustrating attempt to understand coverage and co-pays. For providers attempting to deliver healthcare but also run a business, they are largely unaware of the patient's financial experience. They generate a bill, collect co-pays, file insurance, and ultimately pursue collections of outstanding patient financial responsibility.

The landscape of behavioral healthcare in the United States is laden with obstacles and difficulties, especially for patients. Accessing healthcare presents particular challenges to those needing mental health services, and even when available, understanding and affording it often present obstacles to those seeking treatment.