A Cash-Pay Model is a model in which patients pay the clinic directly for their medical care. Magnolia Medical & Aesthetics will no longer be contracted with medical insurance companies. Therefore, the clinic will not bill insurance companies or Medicare. This model allows for no hidden fees, no surprise bills, no denial of coverage, no co-pays or insurance cards. We can still see patients for the same medical needs as before. But we will no longer accept health insurance for those visits. Instead, patients will pay for services rendered (in full) at the time of their appointment.
This decision has not been an easy one, but it comes as a result of our desire to provide the best possible service and medical care to our patients. Unfortunately, the complexity, uncertainty, administrative burden, increasing copays/deductibles, and dwindling reimbursements associated with insurance have continued to compound over the years and are challenging that goal. In transitioning to a Cash-pay model, we can maintain an uncompromisingly high standard of care without being restricted by insurance company rules. With this transition, we can better focus on each patient’s overall experience rather than spending resources jumping through administrative hurtles and we feel that this will inspire a stronger doctor-patient relationship. Healthcare providers at Cash-pay clinics can see fewer patients and make all decisions based on medical need, enabling them to provide the best patient experience possible.
Patients with High Deductibles will often benefit from paying cash since, most of the time, the cash price is lower than what the cost would be towards their deductible.