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Nearly 1 in 5 Providers Do Not Accept Credit and Debit Cards


Editor’s note: This is apparently because they don’t feel a need to do this. Is there little to no competition so that physicians feel that there is no need to provide this accommodation or convenience for their patients?

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According to a new NaviNet survey, nearly one in five doctors do not accept credit and debit cards, a common consumer payment method. High processing fees and hardware costs are the top reasons why providers do not accept credit and debit cards. Concerns over financial industry regulations are the second most popular reason for not accepting cards. Of the more than 80 percent of doctors that do accept credit and debit cards, most (87 percent) only accept these cards for their patients’ co-payments.

Source: Company Release, June 15, 2009. www.navinet.net

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June 29, 2009 - Posted by | Cost, Economics of Health care | , , , ,

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