Cardiology Practice Financial Policy Agreement

Patient Financial Responsibility and Payment Terms

Cardiology

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Last updated: Mar 24, 2025

Patient Information

Name: _________________________ Date of Birth: _____________ Account #: ______________________ Date: ____________________

Financial Responsibility Agreement

1. Insurance and Payment Policy

  • I understand that I am financially responsible for all charges, whether covered by my insurance or not
  • I agree to provide current insurance information and notify the practice of any changes
  • Co-payments are due at the time of service
  • Self-pay patients must pay in full at the time of service

2. Insurance Authorization

  • I authorize the release of medical information necessary to process insurance claims
  • I authorize direct payment of medical benefits to [Practice Name]
  • I understand that my insurance policy is a contract between me and my insurance company

3. Specific Coverage Terms

  • Cardiac diagnostic tests require prior authorization
  • Some procedures may not be covered by insurance
  • Patient responsibility for deductibles cannot be waived

4. Missed Appointments and Late Cancellations

  • 24-hour notice is required for appointment cancellation
  • A fee of $____ will be charged for missed appointments
  • Multiple missed appointments may result in discharge from the practice

5. Payment Terms

  • Outstanding balances are due within 30 days
  • Payment plans are available upon request and approval
  • A 1.5% monthly interest charge applies to balances over 60 days

6. Collection Policy

  • Accounts over 90 days past due may be referred to collections
  • Patient is responsible for collection agency fees
  • Legal fees incurred in collection efforts will be added to the balance

Acknowledgment

I have read and understand this financial policy and agree to its terms.

Signature: _________________________ Date: ________________

Print Name: ________________________

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