Here's a way to save money on your medical expenses -- pay your doctor in cash. The details from Money magazine:
Most doctors lose thousands each year on unpaid bills and spend thousands on credit-card processing fees. If you're footing the bill, laying out the bucks in advance of treatment can get you a 10% discount on your bill, says Pam Deloney of the American Private Physicians Association.
Wow! 10% is nothing to sneeze at -- especially if you have some major medical costs. Now you have to have the money to be able to pay in cash (which could be a sticking point for some people), but if you do have it, 10% would be a nice savings simply for changing your method of payment.
I tried that at my dentist last week, but it was a no-go.
Posted by: Blaine Moore (First Time Homeowner) | December 07, 2006 at 10:54 AM
The closest I get to a financial incentive is if we pay our dr. bill within 10 days we received a 7% discount, and within 30 days a 4% discount. Not bad, I'll take it...
Posted by: John | December 07, 2006 at 06:50 PM
Wow. these physicians are getting more desperate with every passing year.
Don't they understand that people can't pay the bills because THEY CHARGE TOO MUCH.
$300,000 for triple-bypass surgery.
What kind of nonsense it that?!?
Posted by: TJP | December 08, 2006 at 01:17 AM