Patient Trust Bond
What is a Patient Trust Bond?
A Patient Trust Bond is a type of Commercial bond that ensures that healthcare facilities manage patient funds responsibly and ethically.
Protects patients from mismanagement or misuse of their funds by healthcare facilities.
Required by state or federal governments for healthcare facilities handling patient funds, to ensure proper financial management.
Applicant’s personal or business information, credit history, bond amount, and healthcare facility details.
Based on credit history and bond amount, usually 1-3% of the bond amount for applicants with good credit.
