Why is the C.A.R.E.S.© Program a Better Fertility Financing Option than Shared Risk or Refund Programs?
The C.A.R.E.S.© Program’s IVF and Donor Egg options afford patients similar discounts to those offered by many Shared Risk and Refund plans, but does so without requiring patients to pay for the multiple treatment cycles in advance. This reduces the amount of money patients need to begin treatment. Considering today’s harsh economy, and strict criteria set by lending agencies, the vast majority of patients either don’t have the funds, or have difficulty qualifying for a reasonable loan to secure the funds and pay for high priced Shared Risk programs.
While C.A.R.E.S.© is not a refund program, but rather a discount program, patients do benefit on multiple levels, many of which far outweigh those offered by other programs.
First, patients only need fertility financing to pay for the services they actually need and receive during a single/current cycle, verses paying in advance for multiple cycles and services as is required by Shared Risk and Refund programs.
Next, while C.A.R.E.S.© patients receive a discount on every cycle and service starting with their first, Shared Risk patients do not receive a refund or discount if successful, and nor do receive any monies in return for their unused cycles or procedures. Ultimately, they will pay more for one or two cycles (if successful) than would have been necessary.
Third, patients in C.A.R.E.S.© can stop or suspend treatment at any time, without penalty. While patients who purchase Shared Risk plans, are locked in, until all cycles (in the plan) have been completed or a pregnancy is achieved. This means patients who elect to stop treatment, drop out of the program, or simply find themselves unable to proceed while enrolled in Shared Risk (i.e. unable to afford the fertility drugs needed for their cycle, family or marital issues, loss of job or income, etc.), are typically not eligible for a refund, and will lose the money they invested.
How Fertility Clinics Benefit from The C.A.R.E.S.© Fertility Financing Program:
The C.A.R.E.S.© Program is not a “shared risk” or “refund” program, and therefore, clinics do not need to worry about financially backing expensive patient refunds. C.A.R.E.S.© is a discount program, whereby a clinic’s fertility services/treatment are packaged by the cycle or treatment plan, and then offered to “cash” patients (those without insurance coverage for their services). The program has three set completion criteria: a 12 month time limit, a maximum monetary discount that can be received, and/or a pregnancy. This ensures the clinic is not affording indefinite or open ended discounts.
Patients must enroll in the C.A.R.E.S.© Program with a participating clinic. An enrollment fee is assessed with the ART program, and makes patients eligible to receive all discounts afforded by the program. All fees are paid direct to the participating clinic, and in advance of providing services.
Clinics can also elect to offer several non-ART packages, with all plans requiring payment in full and in advance of treatment starts.
As an added benefit, SMART MD Practices and The C.A.R.E.S.© Program works with multiple financial lending companies, not just one. Participating clinics and their patients will have access to use any and all of these providers for their fertility financing needs.
The C.A.R.E.S.© Program affords clinic patients treatment options they need, and can afford to pursue. This increased business allows clinics to assume a greater market share of the fertility business in their region.
The C.A.R.E.S.© Program allows clinics to run their practice and treatment cycles, the way they want to. It puts the clinic in control of the money they generate, while ensuring a steady inflow of cash. Clinics gain working capital with revenue generated by ART enrollment and package fees, while fixing their costs, to a single low monthly fee for the entire program.