Academic journal article ABA Banking Journal

Doctors Grow Fonder of Plastic

Academic journal article ABA Banking Journal

Doctors Grow Fonder of Plastic

Article excerpt

Card payments will account for 20% of all out-of-pocket health care expenses by the year 2000, predicts Dr. Robin Potter, founder and president of PulseCard, Overland Park, Kan. PulseCard is the company the American Medical Association has chosen to process credit card payments for its 300,000 members. The company has established a health care card payment network of 10,000 doctors and dentists in all 50 states and processed about $100 million in transactions last year.

PulseCard provides doctors with credit card terminals programmed to accept Visa, MasterCard, American Express, and PulseCard credit cards. All card transactions are routed through MasterCard's MAPP network and are processed by Total Systems Services, Inc., Columbus, Ga. In November, Star Bank, Cincinnati, became the underwriter for the PulseCard card.

Changes in health-care practices are the main reason behind growing credit card use for medical payments. "There's a lot of cost shifting to the individual patient," Potter says. "And with the implementation of managed care the doctors want to be paid at the time of service to reduce billing expense. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.