The rising costs of providing healthcare benefits to employees has created a shift in financial responsibility resulting in higher deductibles, co-pays, and co-insurance for employees
The bigger problem is no employee plans to get sick, so employees struggle with the ability to meet their financial responsibilities for their medical care. The result; US Medical Debt becoming the leading cause of personal bankruptcy in the U.S.
Financial Stress caused by this reality is having a negative affect on worker productivity.
“43% of insured patients said they delayed or skipped physician-recommended tests or treatment because of high associated costs.”- Kaiser Family Foundation
The results of these delays include
More than 79% of the patients FinPay serves enroll in a payment program they can afford prior to care so they can focus more on getting well and less on the stress of meeting their financial responsibilities for care. Most importantly, patients thank FinPay for the experience.