If you are currently offering in-house patient financing as a way of helping your patients pay for care, we want to encourage you to look at FaaS (Finance as a Service) as a way of managing the program. Most of the national providers who have converted to our FaaS model, offered in-house patient financing as a necessary part of growing their business. Unfortunately, that meant managing things like credit, missed payments, balance reconciliation, patient disputes and the litany of regulatory burdens that come along with being a lender to your own patients. We saw this as an opportunity to help, so we built the nation’s first FaaS model, nearly 7 years ago.

We encourage you to continue working with great providers like CareCredit, Wells Fargo, LendingClub and others who offer you the ability to be paid up-front. In those cases where the primary medical lenders do not approve your patient we see no reason to leave these patients behind. Our state of the art credit decision system helps you understand the risk of carrying a balance for your patients and our down-payment modeling helps to mitigate these risks. Want to charge interest so you earn from the credit extended? We do that too.

We invite you to learn more about this unique program and see why some of the nation’s leading healthcare organizations trust Healthcare Finance Direct to manage their patient payment programs. I encourage you to reach out directly to me at epowers@healthcarefinancedirect.com or call me on my direct line at 661.616.5355 and realize a new way of giving your patients credit. www.healthcarefinancedirect.com