Finance Your Care Enrollment:
As a company that was originally designed by healthcare providers, Finance Your Care makes the enrollment process very simple and keeps our fees very low.
You only pay a fee when a loan is funded.
At Finance Your Care, we do not have any input with regards to the rates, terms and fees that may be charged to your Practice or the Applicant. The only fee we get paid is when a loan is accepted and it funds. While this fee must be charged to and then collected from your Practice, we encourage you to require the Patient/Applicant to pay this fee by adding it on to the requested loan amount. Doing so, you must fully disclose the fee to the Applicant. When added to the loan amount, the fee will be paid directly to your Practice when you are paid. Then we will collect our fee back from you via a monthly or bi-weekly invoice (based on your loan volume). The fee schedule is as follows: For loan amounts up to $2000, the fee of $175. For loan amounts between $2000.01 and $10,000, the fee is $375; For loan amounts of $10000.01 or above, the fee is $575.
Are you currently closing at least one loan a month?
Since Finance Your Care spends a good deal of money getting your Practice enrolled with the lenders and then building and hosting a web site for your financing platform, we have one simple requirement. If you do not close at least one loan a month for which we collect a fee as outlined above, we will charge you a flat fee of $375 for that month. So if you are closing at least one loan a month now and using our platform should help you close a lot more, you should never have to pay this fee. But we do want to make you aware of it.