The Financial Policy of Childrens Clinic
2013
Jennifer Elliott
HCR/230
4/6/2013
The Financial Policy of Children’s Clinic
At a children’s clinic there are pediatrics that are dedicated to the health, safety, and well-being of all infants, children and adolescents. Co-pays are a fee that is due usually before the time and date of service being provided. Most practices require co-pay prior to service but some allow it to be billed or payed by the next visit. The co-pay amount varies depending on the type of insurance a patient has. Deductibles are the amount of expenses that must be paid out of pocket by the patient before an insurer will pay any expenses. Past due balances occur when payment in full has not been received for charges assessed in accordance with the payment due date. The clinic asks that all co-pays, deductibles and past due balances be paid at the time of service as per your insurance contract. All other balances are due within 30 days of the time of service. As a courtesy, the clinic bills most insurance’s, but charges and fees are the responsibility of the custodial parent. For balances with no payment in 30 days, a late fee of $5.00 will be added to your account. If there is still an outstanding balance due, at 60 days you will receive a past due letter in addition to a second late fee of $5.00 added to your account. The clinic routinely begins collection proceedings on those accounts that have not been paid after 90 days and when this occurs an additional $10.00 pre-collection fee is charged to your account. If you are unable to meet your obligations to the clinic in the expected time frame, please see the billing office as soon as possible to make arrangements for a monthly payment account. This program will allow you to pay larger account balances off over an additional three month period. Unpaid balances allow you to set up a payment plan with the facility to fit your budget. There are income based and also monthly payment plans available for patients who cannot afford to
Jennifer Elliott
HCR/230
4/6/2013
The Financial Policy of Children’s Clinic
At a children’s clinic there are pediatrics that are dedicated to the health, safety, and well-being of all infants, children and adolescents. Co-pays are a fee that is due usually before the time and date of service being provided. Most practices require co-pay prior to service but some allow it to be billed or payed by the next visit. The co-pay amount varies depending on the type of insurance a patient has. Deductibles are the amount of expenses that must be paid out of pocket by the patient before an insurer will pay any expenses. Past due balances occur when payment in full has not been received for charges assessed in accordance with the payment due date. The clinic asks that all co-pays, deductibles and past due balances be paid at the time of service as per your insurance contract. All other balances are due within 30 days of the time of service. As a courtesy, the clinic bills most insurance’s, but charges and fees are the responsibility of the custodial parent. For balances with no payment in 30 days, a late fee of $5.00 will be added to your account. If there is still an outstanding balance due, at 60 days you will receive a past due letter in addition to a second late fee of $5.00 added to your account. The clinic routinely begins collection proceedings on those accounts that have not been paid after 90 days and when this occurs an additional $10.00 pre-collection fee is charged to your account. If you are unable to meet your obligations to the clinic in the expected time frame, please see the billing office as soon as possible to make arrangements for a monthly payment account. This program will allow you to pay larger account balances off over an additional three month period. Unpaid balances allow you to set up a payment plan with the facility to fit your budget. There are income based and also monthly payment plans available for patients who cannot afford to
References: http://bphc.hrsa.gov/technicalassistance/taresources/slidingscale.html http://www.ouhsc.edu/financialservices/AP/PPP.asp http://www.jbrkids.com/ http://www.jbrkids.com/