Thank for your interest in becoming a Representative!
Let's start with some basic facts:
- The average approval rating for the best-known patient financing company is roughly 33%. That means approximately 3 out of every 10 applications will be approved.
- The average approval rating through Finance Your Care is 62%. That means approximately 6 out of every 10 applications will be approved.
- The average Provider Payout by the best-known patient finance company is 90%. That means the average fee to the Provider on each funding is 10%.
- The average Provider Payout by Finance Your Care is 100%. That means the average fee to the Provider on each funding is 0%.
It is not hard to figure out why so many Healthcare Providers enroll with Finance Your Care when they learn of our offering.
A Little Background
Credit Technologies
Is a FinTech (Financial Technologies) company that deliveries a lending platform with 34 different lender opportunities. Healthcare Providers use our technology to secure financing plans for their patients. We have lenders who will approve people at several credit levels. As a result, Healthcare Providers see many more patients getting approved.
Why Providers use Finance Your Care
Most Healthcare Providers will sign up with Finance Your Care for two primary reasons. They include more approvals and higher pay-outs. As shown in the first section, most patient financing companies will only approve 3 out of every 10 applications that are submitted. Our lenders push that number up to 6 out of every 10. That in itself is huge. But just as important, is the money savings. The average fee charged by a patient financing company is 10% of the loan amount. Currently, the average loan amount is $7500. So it a patient financing company closes a $7500 loan for a Healthcare Provider, the Provider will pay a $750 fee. That fee happens with every closing every month. Finance Your Care only charges a flat fee of $475 a month no matter how many closings the Healthcare Provider has each month. A real add-on to their Bottom Line!
Your role as a Representative
Introduce Finance Your Care to Healthcare Providers.
Enroll Providers: If you read the information on this site that was developed for Healthcare Providers who are interested in using our services, you probably understand why most of them enroll as soon as they know what they are missing. As a Representative for Finance Your Care, you will simply market and then introduce Finance Your Care to Healthcare Providers. If they decide to enroll, they will complete a simple one-page Enrollment Form and send it back to you. You will then complete the online enrollment form on this site, and we will register their account directly to you. PLEASE NOTE: Healthcare Providers DO NOT PAY any fees and they DO NOT SIGN any contracts to enroll to use our technology and/or management services. In fact, they even have a 60-day Free Trail. Therefore, they have no risk in enrolling.
Tracking: When you complete and return the Representative Agreement, we will assign you a Rep ID Number. Every time you enroll a new Provider, they will get a Provider ID Number that is tied directly to your Rep ID. Then every time they submit an application, they must use their Provider ID when doing so. As such, we have complete monthly tracking of which Providers are paying their fee and which ones cancel.
Compensation
