Orthopedic Practice Financial Policy Agreement

Patient Financial Responsibility and Payment Terms

Orthopedics

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Last updated: Mar 24, 2025

Patient Information

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

Financial Responsibility Agreement

1. Insurance and Coverage

  • I understand that I am financially responsible for all charges, whether covered by my insurance or not
  • I agree to provide current and accurate insurance information
  • I authorize the release of medical information necessary to process insurance claims

2. Payment Terms

  • Co-payments are due at the time of service
  • Self-pay patients must pay in full at the time of service
  • Deductibles and co-insurance amounts are due within 30 days of billing

3. Surgical Procedures

  • Pre-authorization requirements must be met before scheduling
  • A deposit may be required for certain procedures
  • Payment arrangements must be made prior to surgery

4. Orthopedic Equipment and Supplies

  • Payment for braces, splints, and other medical equipment is due at time of service
  • Insurance coverage for equipment varies; patient responsible for uncovered items

5. Missed Appointments

  • 24-hour notice required for cancellations
  • $50 fee for missed appointments without proper notice
  • Multiple missed appointments may result in discharge from practice

Authorization

I have read and understand this financial policy. I agree to comply with these terms and accept financial responsibility for services rendered.

Signature: _________________________ Date: _______________

Print Name: ________________________

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