After the pre-qualification... If the patient/applicant can pre-qualify with one of the patient financing companies that your Practice is already enrolled with, will list them as an option. Just click on the link to your current patient financing company, and you will land on the embedded application page your patient financing company has provided to your practice. After approval, you will get paid as normal.
Our portfolio of lenders includes Patient Financing companies that do not market directly to the public. As a result, most Practices don't even know about their programs. After you enroll with Finance Your Care, we will get your Practice enrolled with these lenders. As of March 2024, these lenders approve people with credit scores as low as 500. They pay you immediately, and their fees are in line with most other patient financing companies.
Do you want to get paid 100% of your fee on every closing? If so, you may be interested in using our portfolio of lenders that offer direct to the consumer loans. The loan proceeds are sent directly to the patient/applicant in 24 to 48 hours. After they are paid, they will come in and pay your Practice. There is no enrollment required for these programs. When you enroll with Finance Your Care, you will be automatically eligible to offer these programs.
Imagine if every patient could be approved! Our billing plan does not require any credit score or history. You collect a down payment based on your discretion, and we finance the balance for up to 48 months. Each month, we collect the payments and forward them back to your office. After 6 monthly payments have been paid on time, the account will be eligible to be "cashed out" and you will net up to 80% of the balance.
Consider this... Your Practice probably only uses one or two patient financing companies who each only have one program.
Finance Your Care... Has 34+ Personal Loan Programs, plus 4 Credit Cards that offer 0%, plus the basic guidelines of most of the patient financing programs built into our technology.
Can you guess why our technology will deliver many more approvals?
Must be at least 18 years old.
Must have a Social Security number.
Must have a good credit history and score (usually 620+)
Must be able to verify income.