The accommodation rate, payment factor, and activation rate are three often overlooked financing metrics that play a significant role in a healthcare practice's profitability and patient experience.
It’s important to remember that in tough economic times, people still want and need treatments and procedures. During The Great Recession, I doubled patient conversions by changing one thing — how I presented payment information to patients.
One of the most important decisions a business can make is deciding what financing options to offer customers. Momnt is an embedded lending solution with built-in compliance that offers unsecured installment loans through an easy-to-use platform with state-of-the-art technology.
Patient financing can be stressful—for both providers and patients. From asking for personal details about someone’s financial history to informing a patient that they’ve been declined for funding, uncomfortable situations…