Medical & Dental Practice Patient Lending
Expand Your Medical Service Base and Increase Patient Spending
Do you have patients that that need finacning for your medial services with amounts ranging from $1k to $25k that are difficult to close immediately because your patients do not have the cash or credit card room? Our paperless patient financing platform provides your customers a competitively priced financing option right in your ofice. This helps business owners and medical service providers help their client get the services they need and the practice paid.
For every applied loan, we have developed a multi-lender platform that creates competition. This gives you more freedom to provide value through your products and services, and offers your patients better lending rates and more attractive terms.
Through a variety of national lending partnerships we can customize a solution that meets your business needs. Whether it’s developing a program geared toward prime credit borrowers or enhancing your approval rates through our second chance financing programs, we can help. We believe that business is based on providing an exceptional customer experience and building a long term business relationship. Let us help you develop a primary or secondary patient lending program that drives more sales and increases your bottom line.
* Minimum annual business revenue (cash, credit cards, checks, financing, etc.) 500K. Minimum patient loan amount $1000. Other restrictions apply. See our FAQ page for additional details
Reality of Today’s Economy
A patient credit program is not a want, it’s a must! Give your clients every option when choosing to use your medical practice services.
With an average FICO credit score range of 643-660 for all residents in the US under the age of 54, you need a program that will address all levels of credit worthiness.
We also offer more traditional programs with low discounts rates and subprime programs that approve contracts with a credit score as low as 540.
Advertising Payment Options Increases Sales
- Studies show if you promote payment options like 0% interest or low monthly payment plans, sales explode.
- If you provide medical services over $1,000, you need to offer low monthly payment options to patients who are payment sensitive.
- A patient financing advertising strategy can appeal to a larger audience and lift sales dramatically.
We understand that one size does not fit all. That’s why we have multiple financing program options, from 0% interest programs to installment and revolving credit lines. In addition to standard patient credit programs, we offer Sub-prime programs to help those your clients that may be credit challenged. What’s even better is that we don’t charge high loan discount fees like GE Capital Bank or Wells Fargo, our program is flat rate regardless of loan size.