Canada’s complex health care system ranks 10 of 17 in the OECD, in terms of quality and patient outcomes. In 1990, it ranked 5th. And our healthcare expenditure (public and private) ranks higher than the average of its OECD peers. The annual health care costs range significantly based on age. On average, a 75 to 79-year old’s health care costs surpass $11,000/year, while a 40 to 44-year old’s costs are less than $3,000. Even though, in 2015 approximately 10% of our GDP was spent on healthcare, only 70% of Canadian health care is publicly funded; the remaining 30% consists of out-of-pocket expenditure, private health insurance, and miscellaneous private funding (e.g. research). With the mounting cost of out of pocket healthcare expenses, 52% of consumers would postpone a $2,500+ out-of-pocket health-related expense due to cost, according to CRNRC.
Using patient financing healthcare providers, can make it easy for consumers to access healthcare and can grow their business 10-30%.
“Our average ticket size with financing is 48% higher than with a credit card” – Retailer
AND ITS FREE