Medical debt is a source of constant worry and concern for many Americans. This could be existing medical debt posing a substantial financial burden and thereby posing limitations on what families can afford or the fear of how much a needed medical procedure might cost. Nearly one-third of Americans report not seeking treatment for a health problem due to its cost1.
But how did so many get to this point? Understanding medical debt in the U.S. and how it impacts all Americans is critical for any patient or medical provider. At FinPay, we understand that undue financial burdens from the cost of medical treatment can compound problems for families, including health problems. Many Americans either forego necessary medical services because of the cost or are unable to receive services because of the debt they owe to the provider. At FinPay, our automated payment solutions use pre-care engagement and transparency to ensure patients can access the health services they need.
Contact info@finpay.com to learn more.
America is often praised as having the best medical care in the world. Unfortunately, that level of care is expensive for the average American. Consider some of the findings taken from the West Health – Gallup 2021 Healthcare in America Report:
FinPay is committed to solving the affordability crisis in healthcare by enhancing the patient financial experience through pre-care engagement, expanding healthcare financial literacy, advocating for cost transparency, and offering affordable payment options, all while restoring consumer trust in the American healthcare system.
Avoiding medical debt is possible with access to proper financial literacy and cost transparency. FinPay offers an automated, patient-focused solution that clears away the fog surrounding healthcare and ensures there are no surprises. Contact us today at info@finpay.com to learn more.
Footnotes
1West Health and Gallup – "West Health – Gallup 2021 Healthcare in America Report"