Your One-Stop Shop for Simple Patient Financing!
Option One: Fully Automated Point of Sale Technology
This format is similar to what most Providers are using with their current patient financing companies but with one major exception... While patient financing companies are only using one lender, we use a network of lenders at all credit levels. Our automated technology allows you to submit one application that goes through our pre-qualification platform and shows you all the possible lender options including the patient financing companies you may already be using. Then you click through to the lender of your choice and complete the process with that lender. If the Applicant accepts the offer, the loan will fund directly to your account within 24 to 48 hours. With this format, you will always be charged a merchant fee by the lender based on the Applicant's risk assessment.
Option Two: Our Finance Managers do all the Work!
With our one-of-a-kind Virtual Finance Manager program, we will assign one of our Finance Managers to work directly with your practice on your patient applications. Then, when an application is submitted, the Finance Manager will review the request and work directly with the Applicant and the lenders to get the request approved and closed. The two challenges with this format is that the process can take up to 24 hours to complete, and the loan proceeds are deposited directly to the borrower's bank account. But check out the benefits... With this format, you are always paid 100% of your fee and you do not have to be involved in the loan process beyond providing your patients with a link to our financing page. This format is best for Providers who can wait five to seven days before they are paid.
Rates and Provider Fees
You get Wholesale Pricing from our Lenders!
Finance Your Care is a subsidiary of Credit Technologies. As such, we have hundreds of potential lending options, but we do not mark up their fees. With our automated format, the typical lender fee you will be charged is 7% for patients with credit scores down to 620. If you decide to offer programs for people at lower credit scores, the fees start at 12% but could be as high as 29%. You will have the opportunity to decide what programs you want to participate with on the next page. With our Finance Manager programs, you are never charged a lender fee. You always get paid 100% of the amount you are requesting.
You use our program FREE of CHARGE!
Credit Technologies / Finance Your Care does not charge your Practice any direct fees to use our services. As you will see on the next page, we can do this by charging the Applicant a User Fee if they are approved and they accept a loan offer. That fee is always added to the loan amount and financed. As such, it is sent to your Practice when you are paid and then we collect the fee back from you. This is the only obligation you have to use the technology and/or Finance Managers at Finance Your Care.
How long does it take to enroll?
Enrolling with Finance Your Care is very simple! You will just complete the enrollment questionnaire on the next page. Then one of our Provider Relations Managers will contact you and go over your potential lender program options. If you are using our automated technology, we will help you get set up with the lenders and build out your technology. That can take up to 30 days to complete. But if you use our Finance Manager program, you can start submitting applications almost immediately. NOTE: You can sign up for our automated program but still start using the Finance Manager program to get started while the technology is built out.