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Submitted URL: https://www2.carepayment.com/e/482491/g-for-2025-compliance-changes-/35ldd5/458013457/h/byfV6vblrAnodlzI8Ery8Ej6YoaSgnbHLiZrP...
Effective URL: https://www.carepayment.com/preparing-for-2025-compliance-changes/
Submission: On October 03 via manual from US — Scanned from US
Effective URL: https://www.carepayment.com/preparing-for-2025-compliance-changes/
Submission: On October 03 via manual from US — Scanned from US
Form analysis 3 forms found in the DOM
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Customer Care: 866.625.8532 Sales Inquiries: 503.419.3544 * Make a Payment * PATIENTS * Patient Stories * PROVIDERS * Why CarePayment * Comprehensive Solution * Financial Improvement * Patient Satisfaction * Knowledge Center * In the News * Blog * Case Studies * White Papers * Videos * Webinars * Press Releases * Find a Provider * About * Our Team * Contact Us * I’m a patient * I’m a provider LOG IN MAKE A PAYMENT Search for: CarePayment Named Top Performer in Patient Financing and Financial Engagement Solutions by Black Book Research - Read Press Release Featured | September 30, 2024 PREPARING FOR 2025 COMPLIANCE CHANGES The U.S. healthcare system continues to face a significant financial challenge: nearly half of American adults are unable to cover an unexpected $500 medical bill. This issue has only deepened in recent years, with the Kaiser Family Foundation revealing in 2022 that 41% of surveyed adults—more than 100 million people—carry medical or dental debt. Of these individuals, 25% owe more than $5,000, with many struggling under debts exceeding $10,000. NAVIGATING THE PATIENT FINANCIAL CRISIS IN 2025 The impact of this financial strain continues to hit younger adults disproportionately, contributing to care denial for approximately 1 in 7 individuals, worsening racial disparities, and increasing hardships for those living with chronic illnesses. The burden of medical debt extends beyond unpaid bills, affecting opportunities to save, invest in education, and even afford necessities such as food and clothing. In 2024, a study revealed that 34% of patients deferred healthcare due to medical debt, an increase from 28% in 2023. As inflation persists, providers should anticipate continued difficulties for patients in covering their medical expenses—67% of patients surveyed indicated that inflation has made it harder to manage medical debt this year. WHAT DOES THIS MEAN FOR PROVIDERS IN 2025? To regain financial stability and foster patient loyalty, providers must ensure that patients are not only able but also confident in their ability to pay for care. Heading into 2025, providers can empower patients by offering financial solutions that are adaptable to today’s economic challenges. Implementing flexible payment options, such as 0% APR, long-term payment plans, allows patients to manage their healthcare expenses without immediate financial strain. This approach benefits both patients and providers: patients can seek necessary care without fear of overwhelming debt, and providers secure the payments they need to maintain operations. A CarePayment study showed that 91% of patients reported it was easier to pay for medical expenses when offered at least 12 months to pay. Additionally, offering upfront cost estimates and transparent pricing can build trust and encourage patients to take the first steps toward payment. In fact, 65% of patients said they would be more willing to make at least a partial payment if provided with an estimate before receiving care. PREPARING FOR A PATIENT-CENTRIC 2025 As the cost of living continues to rise, healthcare providers must recognize the need for alternative payment solutions and financial support services that ease the burden on patients. Offering such solutions is not only a compassionate response to the financial pressures consumers face but a strategic imperative for providers seeking to improve financial outcomes. For healthcare providers, the key to success in 2025 lies in adapting to evolving patient expectations. By prioritizing compliance and patient-centered financial solutions, providers can navigate the challenges of the year ahead while ensuring long-term stability and patient satisfaction. MORE CAREPAYMENT COMPLIANCE RESOURCES * [WEBINAR] Zero-Interest Patient Financing under Changing Legislation: Boosting Financial Wellness for All * [GUIDE] How to Safeguard Your Patient Financing Strategy from Non-Compliance * [BLOG] Zero-Interest Patient Financing vs. Medical Credit Cards: What’s Really the Difference? READ MORE ARTICLES BREAKING DOWN TRADITIONAL VS. ALTERNATIVE PAYMENT MODELS IN HEALTHCARE MEETING PATIENTS WHERE THEY ARE: EFFECTIVE HEALTHCARE FINANCIAL STRATEGIES FOR PROVIDERS WHAT THE CFPB AND WHITE HOUSE’S PROPOSED CHANGES TO MEDICAL DEBT REPORTING MEAN FOR HOSPITALS AND HEALTH SYSTEMS © 2024 CarePayment. All rights reserved. Privacy Policy Terms of Use CarePayment * Make a Payment * PATIENTS ▼ * Patient Stories * PROVIDERS ▼ * Why CarePayment * Comprehensive Solution * Financial Improvement * Patient Satisfaction * Knowledge Center ▼ * In the News * Blog * Case Studies * White Papers * Videos * Webinars * Press Releases * Find a Provider * About ▼ * Our Team * Contact Us ▼ * I’m a patient * I’m a provider CAREPAYMENT CUSTOMER SERVICE (866) 625-8532 × CarePayment Integrated Engagement Platform × CONTACT CAREPAYMENT Current CarePayment Account Holder: Please log into the Member Portal to send a secure message to Customer Care. × Beacon Health Provider Story × Client Testimonial: The Right Partner × Patient Satisfaction and Loyalty × Comprehensive Patient Financing × × × × × Joe's Patient Story × × × Metro Health Provider Story × Day Kimball Provider Story × FIND A PROVIDER Let Your Provider Know You Want CarePayment! Fill out this form and we will contact your provider about offering the CarePayment program. * Your Name First Last * Your Email Address * Provider's Name* * Provider's Address* City AlabamaAlaskaAmerican SamoaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaGuamHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaNorthern Mariana IslandsOhioOklahomaOregonPennsylvaniaPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahU.S. Virgin IslandsVermontVirginiaWashingtonWest VirginiaWisconsinWyomingArmed Forces AmericasArmed Forces EuropeArmed Forces Pacific State Δ × WE ARE HERE TO ANSWER YOUR QUESTIONS. Let CarePayment help you with your financial journey today. Just take a listen. Audio Player https://www.carepayment.com/wp-content/uploads/carepayment-testimonial.mp3 00:00 00:00 00:00 Use Up/Down Arrow keys to increase or decrease volume. × Notifications