Save Money With $0 Merchant Fee Options!
Offer low payment options for tummy tuck procedures
with a quick and simple process!
- $0 merchant fees
- 12 to 72 month terms
- 6 to 24 month promo offers
- 9.99% APR
- Greater case acceptance
- Approvals up to $60,000
- No prepayment penalties
Tummy Tuck Financing for Your Patients
If you are a plastic surgeon, then you know that tummy tuck procedures are in high demand. But sometimes patients need a little help paying for their surgery. That’s where PowerPay comes in! We offer patient financing for tummy tucks and other cosmetic procedures, which helps make the surgery more affordable for your patients. Our loans have no hidden fees, and we offer long-term repayment options. Plus, our loan process is fast and simple. So, if you’re looking for a way to help your patients get the procedures they need, tummy tuck financing with PowerPay is the perfect solution! Contact us today to learn more.
The benefits of financing with PowerPay for your practice
At PowerPay, we understand that tummy tuck procedures can be expensive. That’s why we offer patient financing options to help make the surgery more affordable for your patients. There are several benefits of financing with PowerPay including:
No hidden HCP/office fees: PowerPay loans have no hidden fees for healthcare providers. This means that you can offer tummy tuck financing to your patients without having to worry about any additional costs.
Help patients get the procedures they need more affordably: By offering tummy tuck financing, you can help your patients get the surgery they need without them having to pay the full cost upfront. This can make the procedure more affordable for your patients and help them get the results they desire.
Payment right away: With PowerPay, you’ll receive payment for tummy tucks right away. This means that you won’t have to wait for your patients to pay you back before you receive your money.
No following-up or chasing around patients for payment: PowerPay will handle all of the payment follow-ups for you. This means that you won’t have to chase around your patients for payment or follow up with them after their surgery.
Financial management help for coordinating loans with patients: PowerPay can help you coordinate tummy tuck financing with your patients. We will work with you to develop a payment plan that fits your patient’s needs and budget.
Patient benefits of financing with PowerPay
Patients who finance their tummy tucks through PowerPay can enjoy several benefits including:
Patients are able to afford expensive tummy tuck procedures: PowerPay’s tummy tuck financing options help make the procedure more affordable for patients. This means that patients who might not be able to afford the surgery outright can still get the procedure they need.
No upfront costs: With PowerPay, there are no upfront costs for patients. This means that they can get the surgery they need without having to pay anything out of pocket.
Low monthly payments: PowerPay offers low monthly payments to make tummy tucks more affordable for your patients. We understand that not everyone can afford to pay for their surgery all at once, which is why we offer financing options.
Long-term repayment options: PowerPay offers long-term repayment options for tummy tucks. This means that your patients can make monthly payments over a longer period of time, which can make the surgery more affordable for them.
How does the PowerPay loan process work?
The PowerPay loan process is simple and fast. Here’s how the PowerPay loan application process works:
Patients can apply in the office or on our website. Practitioners can also use our Concierge service to make this simpler. You can also email or text a customized application link to your patients. Then, the patient will fill out basic information, upload the treatment plan and driver’s license information.
Once approved, the patient will sign the loan documents, and the money will be disbursed to the doctor or medical practice for the cost of the tummy tuck procedure. The patient will begin making monthly payments to PowerPay 30 days after the procedure is done.The patient’s monthly payment is calculated depending on the loan term chosen. There are no prepayment penalties, so patients can pay off part or all of the loan early at no cost.
Other payment options for your patients to consider
In addition to tummy tuck financing, there are other payment options available for patients like:
Cash: Patients can pay for their tummy tuck procedures with cash. This is the simplest and most straightforward way to pay for a tummy tuck procedure.
Credit Cards: Patients can also use credit cards to pay for tummy tucks. However, it’s important to note that some credit card companies may charge interest on the balance if it’s not paid off within a certain period of time.
Personal loans: Patients can also take out personal loans to pay for their tummy tucks. However, it’s important to compare interest rates and terms before taking out a personal loan.
Insurance: Some patients may be able to use their health insurance to cover part or all of the cost of their tummy tucks. However, it’s important to check with your insurance company beforehand to see if they cover tummy tucks.
How Offering Tummy Tuck Financing Can Benefit Your Practice
There are several benefits of offering tummy tuck financing to your patients. Some of these benefits include:
Increased patient satisfaction: Offering tummy tuck financing can increase patient satisfaction because it shows that you’re willing to work with your patients to make the surgery more affordable.
Customer retention and trust: Offering tummy tuck financing can also help build customer retention and trust. This is because patients who are able to finance their tummy tucks through your practice are more likely to come back for future procedures.
Increased revenues: Offering tummy tuck financing can also lead to increased revenues for your practice. This is because patients who might not have been able to afford the surgery otherwise may be more likely to schedule a tummy tuck procedure if they know that they can finance it.
No downfall for you: Get paid upfront and quickly by lenders, with no risk to your practice.
What Do Patients Need to Qualify for Tummy Tuck Financing?
Before offering tummy tuck financing for patients, lenders typically look at an individual’s:
Credit score: A person’s credit score is one of the most important factors that lenders consider when approving a loan.
Income: Lenders will also look at a person’s income to determine whether they can afford the monthly payments.
Employment history: Lenders will look at a person’s employment history to see if they have a steady job.
Debt-to-income ratio: A person’s debt-to-income ratio helps lenders determine whether the patient can afford the monthly payments.
Tradelines: Lenders will also look at a person’s tradelines to see if they have any late payments or derogatory items on their credit report.
Additionally, to better ensure approval for tummy tuck financing, patients need to:
Be a U.S. citizen or permanent resident
Be 18 years of age or older
Have a steady source of income
Offering tummy tuck financing is a great way to increase patient satisfaction, build customer retention and trust, and increase revenues for your practice. Patients who are interested in financing their tummy tucks should speak to a loan officer to learn more about their options.
If you have any questions, please feel free to contact us.
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General FAQ About Offering Tummy Tuck Financing to Patients
How does tummy tuck financing work?
There are a few different ways that tummy tuck financing can work. Some providers will offer to finance the procedure itself, while others will offer financing for related procedures, such as liposuction or breast surgery. In most cases, the terms of the loan will be similar to those offered for other types of cosmetic surgery. Your patient will likely need to provide some information about their credit history and income.
Where should a patient apply for their tummy tuck loan?
A patient should apply for a loan with a company that specializes in medical lending like PowerPay. This type of company understands the cost of procedures and can work with the patient to get them the best rates possible.
It’s important to remember that not all procedures are covered by insurance, so patients will likely have to pay out-of-pocket for some treatments, like a tummy tuck. Applying for a loan ahead of time can help ensure that the patient has the money they need when they need it.
If my patient applies for a tummy tuck surgery loan, will it impact their credit?
It depends on the loan provider. Some do hard pulls (which can ding your credit score), and some do soft pulls (which don’t impact your credit score). It’s a good idea to ask the loan provider if they do a hard or soft pull, so patients know what to expect.
How do I set up tummy tuck loan financing?
If you’re looking to offer a financing option for your patients’ tummy tuck procedures, there are a few things you’ll need to do. First, you’ll need to find a reputable lender that offers this type of financing. Then, you’ll need to make sure that the terms of the loan are favorable for both you and your patient. Once you’ve found a lender and negotiated terms, you can then begin offering this financing option to your patients.
Are tummy tuck loan payments to my medical practice secure?
Yes, loan payments to your medical practice are secure. The terms of the loan agreement will specify what happens your patient is unable to make loan payments. When you finance with a great lending partner, they will send the cost of the tummy tuck procedure to you upfront, and they will also follow up with the patient for monthly payments so you don’t have to.
What is the typical timeframe before a tummy tuck loan needs to be paid back in full?
Tummy tuck loan providers offer a variety of repayment terms, so it’s important to compare offers before selecting a provider. Some loans may need to be repaid within 12 months, while others may have a repayment period of up to 10 years. It’s important to remember that the longer the repayment period, the more your patients will end up paying in interest. So be sure to ask the lender about any associated fees and whether or not there is an early payoff penalty.
Can a patient be declined for a tummy tuck medical loan?
Yes, a patient can be declined for a medical loan. The most common reason for being declined is having a poor credit score. Other reasons may include having insufficient income to afford the monthly payments or not being able to provide proof of residency or citizenship.
Offering Tummy Tuck Financing with PowerPay FAQ
Visit the PowerPay business FAQ to learn more about offering patient tummy tuck financing, as well as answers to other frequently asked questions.