240.999 Delinquent Accounts:
A physician who has experienced problems with delinquent accounts may properly choose to request that payment be made at the time of treatment for non-emergent or urgent services or add interest or other reasonable charges to delinquent accounts. The patient must be notified in advance of the interest or other finance or service charges by such means as the posting of a notice in the physician’s waiting room or appropriate notations on the billing statement. The physician must comply with state and federal laws and regulations applicable to the imposition of such charges, i.e., the Truth in Lending Law. (Principles of Professional Conduct, Chapter 11, Section 8) (Modified and reaffirmed HOD 2013; Reaffirmed HOD 2023)
