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Consumer financing for addiction treatment: a Better Tomorrow allows clients to make monthly payments for their treatment.

Publication: Behavioral Healthcare
Publication Date: 01-JAN-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Consumer financing for addiction treatment: a Better Tomorrow allows clients to make monthly payments for their treatment.(FINANCIAL MANAGEMENT)

Article Excerpt
When Murrieta, California-based A Better Tomorrow launched a consumer-financing program this past summer for individuals seeking treatment for drug, alcohol, and gambling addictions, its potential client base increased by more than 50%. Backed by private investors from the medical financing industry, A Better Tomorrow offers clients with good credit histories the ability to pay for their residential treatment for as little as $300 or $400 a month.

Such financing, of course, practically is unheard of in the addiction treatment business. Individuals with serious drug, alcohol, or gambling addictions are considered high-risk clients, so most private clinics do not offer them financing...

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