Unlock Savings for Your Medical Practice with Compliant Surcharging

In the ever-evolving landscape of healthcare, private practice owners are continually seeking ways to optimize operations and reduce costs. One area to explore for savings opportunities is payment processing. Specifically, implementing a compliant surcharge program can yield significant financial benefits for medical private practices. Here's how:

1. Significant Cost Savings

At the core of a compliant surcharge strategy is the potential for substantial savings. The concept is straightforward: patients who opt to pay for co-pays and services with a credit card are subject to no more than a 3% fee. This fee covers the card processing charges incurred by the practice. Importantly, patients are not limited to using credit cards. By choosing alternative payment methods such as debit cards, checks, or HSA/FSA cards, they can avoid this fee altogether. This flexibility ensures your practice remains compliant with payment processing regulations while saving you thousands of dollars annually.

2. Patient-Friendly Options

While the idea of charging a fee for credit card payments may raise concerns about patient costs, the structure of compliant surcharging actually preserves choice and affordability. Patients who prefer not to pay the surcharge can use other payment methods that do not incur fees, ensuring that your practice maintains compliance with card brand regulations. This approach not only supports your practice's financial health but also respects your patients' preferences and budgets.

3. Quick and Easy Implementation

For many private practice owners, the prospect of adopting new payment processing solutions can seem daunting. However, with service providers like Merchant Match, the transition to a compliant surcharge program can be surprisingly swift and straightforward. Qualified medical businesses can have the system up and running in as little as one day, minimizing disruption and maximizing efficiency.

4. Legal and Compliant

Navigating the legal landscape of payment processing is crucial for medical practices. The good news is that compliant surcharging, when implemented correctly, is entirely legal. It's essential to partner with a trusted merchant service provider that understands the specific regulations and guidelines established by your state. This partnership ensures that your practice can leverage the benefits of compliant surcharging without risking compliance issues.

Conclusion

For medical private practice owners, exploring compliant surcharging as a part of your payment processing strategy is a wise move. It not only offers the potential to save money but also aligns with a commitment to patient choice and legal compliance. By choosing a reliable merchant service provider to facilitate this transition, your practice can enjoy the financial benefits while maintaining the trust and satisfaction of your patients.

If you are in the Raleigh, NC area, meet Merchant Match, a local payment processing provider with exceptional customer service and dedication to helping private practice owners optimize operations and save money. Kevin and the rest of the Merchant Match team can’t wait to work with you! To get started, submit an application to see if your business is a qualified customer, or email Kevin by clicking here. We look forward to getting to know you!