Notice: Healthcare Credit Cards Under Investigation

For all our healthcare finance friends and clients, I thought you might want a heads up on what might be happening in your state soon.

It looks like usage of these types of healthcare credit cards may be on the rise as patient’s deductibles rise and more are uninsured. If you use or promote these financial arrangements, you may want to have policies and procedures in place that lay out safe procedures for your front-line patient accounts team members when dealing with these types of issues.

Your state’s attorney general might come knocking soon…

Healthcare Credit Cards Under Investigation For those CFO’s and Business Office Managers using or considering acceptance of healthcare credit cards, it might be of interest that New York’ State has opened a probe into possible predatory lending and kickbacks in the healthcare industry. It started with the GE Money finance unit, which issues the CareCredit healthcare credit card, and to 10 healthcare providers in the state.  Subpoenas were also sent to Citigroup Inc, JPMorgan Chase & Co … Read More

via Clear Finance Matters

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