Save Up to 10% on Doctor Bills by Paying in Cash

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.

Comments

[Blaine Moore (First Time Homeowner)]

I tried that at my dentist last week, but it was a no-go.

[John]

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...

[TJP]

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?!?