By accepting MasterCard cards, you offer your patients the financial flexibility to receive the healthcare they need, when they need it, regardless of their available cash, or whether their plan involves a co-pay or a co-insurance arrangement. Card acceptance can also improve your cash flow with more timely payments—between 24 and 72 hours—and reduce overhead and billing-related expenses—such as tracking overdue bills, collection agencies, and returned check fees.
Benefits for Patients
No Cash Worries: Patients can receive timely treatment without worrying about having cash to cover fees.Reduced Overall Healthcare Expenses: Patients are more easily able to utilize employer-sponsored Flexible Spending Accounts.
Monthly Expense Tracking: Patients can track healthcare expenses in one easy-to-read monthly statement.
MasterCard at Work in Your Office
There are several ways to optimize MasterCard acceptance benefits to your healthcare practice. By displaying the MasterCard name and logo on office signage at the reception desk and on your front door.iyour patients will know that you accept MasterCard. You can also prominently display the MasterCard Brand Mark on your invoices to inform patients of the option to make a payment by credit or debit card.Be sure to also include the MasterCard Brand Mark in Yellow Pages listings, in-office brochures, local advertisements, your Web site, and other communications channels. And always inform patients that you accept MasterCard cards in appointment reminder letters and new patient information kits with messages such as, "For your convenience, we gladly accept MasterCard cards for payment."
When billing, please use the pre-authorized healthcare form to establish automatic billing to your patients’ MasterCard cards. This may apply to the full bill, co-payments, expenses not covered by insurance, or recurring charges. You can download the form in PDF format from the right column of this page. Please do not add any patient specific medical information to the Pre-Authorized Healthcare Form to insure HIPPA compliance. Remember to save a copy for your own records.
If you follow these guidelines, you will make the most of MasterCard acceptance—for both your business and your patients.