Healthcare Chair and firm Partner Harry J. Nelson was recently quoted in an Acuity Media Network article titled, “CareCredit & ABA: Financing Fix or Industry Fracture?” by Ethan Webb.
In the article, Nelson discusses why some Applied Behavior Analysis (ABA) providers are considering CareCredit as families face growing out-of-pocket costs for ongoing treatment. He explains that providers can face legal and compliance risk if they routinely waive copays or other patient financial responsibility, making financing options an appealing way to address those obligations.
Nelson notes, “You’re dealing with parents who are financially just exhausted because of all the care and support and intervention resources that they need.” He also noted the tension in the model, saying, “I think it’s smart from the provider side, but dangerous from the patient side,” pointing to the risk that already strained families may end up relying on credit to cover essential care.