ObamaCare is Great News for Diet Clinics

Jul 23, 2015

For years, diet clinics have struggled. From high costs and few clients, to criticism from the medical industry, these clinics have struggled to maintain their foothold in the medical industry. While many have loved (and hated) the newly implemented Affordable Care Act, or ObamaCare, one of the biggest fan bases comes from diet clinicians. Thanks to new obesity guidelines, many services that diet clinics offer up are now eligible for insurance coverage. While nothing is 100% covered at a diet clinic, many services are covered somewhat, and as word gets around, clients are streaming in.

While patients are loving this new change, prospective and current diet clinic operators are looking into ways of strengthening their businesses with insurance acceptance. There are many things that medical clinics must do before accepting medical insurance, so be sure that you complete these tasks before advertising that you accept insurance. Every insurance company is different, as well, so be sure to know which insurance plans and companies cover which services, as not all will cover every services. You also need to make sure that you and your staff are knowledgeable about the products that are offered. From food to injections to vitamin supplements, you need to be knowledgeable about your business.

Another issue comes with finding – and keeping – a merchant account. Vitamin supplement merchant accounts are out there, but few are experienced in the ins and outs of the industry. Many of these are experienced in health food or homeopathic stores, but not a medical establishment. One big problem is that the industry is risky. Many of the leading treatments – injections, restrictive diets, and supplements – do not have a long-term success record without adding therapy with it. It is your job to make sure that you educate your clients with the methods you are using. Also, you need to be educating them that they must continue with a healthy lifestyle after the treatments end. By keeping the treatments transparent, you can insure that your patients will have success for years to come.

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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