MasterCard & the Healthcare Industry

As a medical practitioner, keeping your patients healthy is your top priority. Maintaining your cash flow and bottom line is also essential to your professional success. With healthcare costs in America rising every year, balancing patient needs with the needs of your practice can be a challenge.

By accepting credit and debit cards for payments, you offer your patients the financial flexibility to receive the healthcare they need, when they need it—regardless of their cash situation. Card acceptance can also improve your cash flow with more timely payments and reduce overhead and billing-related expenses—such as tracking overdue bills, hiring collection agencies, and returned check fees.

• Receive payments in 24 to 72 hours.
• Minimize paperwork and billing-related expenses.
• Accommodate patients with budget-friendly payment options.

• Receive timely treatment without cash worries.
• Reduce out-of-pocket costs while awaiting insurance reimbursement.
• Track monthly healthcare expenses in one easy-to-read statement.
• Take advantage of employer-sponsored Flexible Spending Accounts

• Display the MasterCard name and logo on office signage at the receptionist desk, and display a decal on your front door.
• Prominently display the MasterCard Brand Mark on your invoices to inform patients of the option to make a payment by credit or debit card.
• Use pre-authorized healthcare forms 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.
• Include the MasterCard Brand Mark in Yellow Pages listings, in-office brochures, local advertisements, and other communications materials.
• Inform patients that you accept MasterCard cards in appointment reminder letters and new patient information kits—e.g., “For your convenience, we gladly accept MasterCard cards for payment.”
Visit the MasterCard Brand Center to download our brand materials and order decals

MasterCard card acceptance enables you to tap into the population of patients who participate in employer-sponsored Flexible Spending Accounts, often called Flex Pay Cards. In fact, employers offering the MasterCard Flex Benefit Card have seen a dramatic increase in employee participation and election amounts. Flexible Spending Accounts enable your patients to pay for needed medical attention at the time of service. Patients can also plan ahead by anticipating healthcare expenses with ready-cash available.

In addition to managing the financial settlement and authorization systems, MasterCard administers the systems’ operating rules and regulations, develops programs to open new merchant segments, creates new payment programs and services, and promotes and advertises the MasterCard Brands. Download Information About the MasterCard Authorization, Clearing, and Settlement Process

Learn How to Begin Accepting MasterCard Cards
Download Research on Attitudes and Trends Toward Credit and Debit Card Use for Healthcare Services
Download Brochure on MasterCard Solutions for the Healthcare Industry