Fact Based List:
Health experts suggest signing bank loans at hospitals may result in unaffordable costs: 5 things to know
Submitted by Anonymous on Wed, 02/21/2018 - 16:05
- Hospitals continuously seek patient payment options to help ensure they receive the money they're owed
- One option promoted by hospitals is no- or low-interest loans through partnerships with banks and other financial institutions
- Hospitals often offer patients these loan options while they are receiving care
- Health experts have concerns about the method, according to the report
- A spokesperson for Mercy Hospital Northwest Arkansas said that patients have been grateful learn about the loan options quickly "because it relieves their worry about paying their care"
Source: Becker’s Hospital Review, February 20, 2018
Source URL: https://www.beckershospitalreview.com/finance/signing-bank-l...
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