Hcr 230 Financial Policy Week 9

Regional Medical Centers financial Policy

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Regional Pediatric financial policy

It is important that patients and visitors at the Regional Pediatric Center are taken in with warmth and compassion and are given the very best care and treatment possible. With an established 25 year history of excellence and fair practices our medical facility carries that same initiative over to our financial department and hope you find our financial policies as genuine as our people. It is equally important for each patient to have a clear understanding of all their financial responsibilities and how they affect them directly. If there are any questions following this material please ask for assistance or clarification regarding all aspects of our financial policy.

Payment

Regional Pediatric expects payment at time of service. This would include co-payment or co-insurance amounts assigned to insurance companies. Regional Pediatrics accepts cash, checks, Visa and American Express. Returned checks and balances older than 60 days will be subject to collection fees and finance charges at the rate of 1.5% per month (18% annually) (Brown).

Patients with outstanding balances more than 90 days must arrange payment methods prior to scheduling future appointments. Parents are ultimately responsible for all charges not covered by insurance companies.- (American Academy of Pediatrics, 2011)

Insurance

It is the guardian to the patients responsibility to provide Regional Pediatrics with current insurance information and to keep cards current to be actively processed at each visit.

If plans requires our practice to be named as patients primary care provider than such information should be performed prior to your appointment and you will need to be rescheduled (American Academy of Pediatrics, 2011).

Non-covered services

It is the responsibility of the patient or guardian of the patient to understand their insurances responsibility as for the coverage they are entitled....