Question 1

What's considered an elective health care procedure?

Accepted Answer

Any treatment or procedure related to cosmetic surgery, dentistry, fertility treatments, medical spa and vision qualifies for financing.

Question 2

Why should I offer healthcare financing?

Accepted Answer

50% of all medical treatments and procedures over $5,000 are financed.  Additionally, over 30% of all patients research financing options before making a healthcare decision.  Offering financing enables you to perform more procedures and earn more money on every job. By translating a large, expensive treatment or procedure into a low monthly payment, you’re less likely to lose patients because of pricing, and you’re less likely to see patients haggling with you over costs. Quite simply, offering financing can help you to grow your business.

Question 3

How can I offer healthcare financing to my patients?

Accepted Answer

There are a few ways that doctors and practices can offer healthcare financing to their patients. One option is to partner with a company that provides healthcare financing. This company can provide a variety of services, including helping patients find affordable financing, providing patient education on their financing options, and working directly with the doctor or practice to arrange payment plans. Another option is for the doctor or practice to set up their own in-house financing program, which still requires partnering with a financial institution or setting up a payment plan directly with the doctor’s office. Whichever option works best, make sure you are clear on the terms of each.

Question 4

Will applying for a healthcare loan affect my patient’s credit?

Accepted Answer

It depends on your loan provider. Some providers may report patient payment history to credit agencies, while others may not. You should check with your specific lender to find out how they report patient payments. If you are concerned about your patient's credit score, you may want to recommend one of the top healthcare loan providers who do not require a credit check.

Question 5

What are the best ways to educate my patients about healthcare financing?

Accepted Answer

There are a number of ways to educate your patients about healthcare financing. Some helpful resources include loan providers, educational services, informational pamphlets and even online calculators that can help estimate monthly payments. It's important to be as transparent as possible with your patients, and provide them with all the information they need to make an informed decision about their healthcare.

Offer financing for
healthcare procedures

Healthcare Specialties We Serve

Dentistry

Vision / Lasik

Fertility

Cosmetic

MedSpa

Hearing

Veterinary

Health & Wellness

Enrolling as a Business

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Offer financing for healthcare procedures