You Don't Have to Pay to Get Paid - 06/23/2016
Would you pay $50 to deposit $1,000 into your back account? You might be doing just that when health plans pay you with a virtual credit card (VCC). Many are paying that way, and you could be losing as much as 2 percent to 5 percent per transaction. For example, if you receive a $1,000 VCC payment from a health plan, you could lose $20 to $50 in processing fees. In essence, your charge for your services from that payer shrunk by that amount.