how compassionate finance is different from other patient financing ©2014 comprehensive finance,...
TRANSCRIPT
How Compassionate Finance is different from other patient financing
©2014 Comprehensive Finance, LLC
©2014 Comprehensive Finance, LLC
Traditional 3rd Party Financing
• Traditional finance companies will make you take a discount on your fee of approximately 10% to get your money upfront.
• Finance companies who pay your office upfront all have similar approval ratings.
• These finance companies are only approving patients with top-tiered credit scores…
• This means they turn away many payment-worthy™ patients who are great candidates for Compassionate Finance.
©2014 Comprehensive Finance, LLC
Compassionate Finance
• In-house financing program managed by the Compassionate Finance team.
• Patients of a wider range of credit scores (Good and Bad) with stable checking account history and a down payment qualify. (Practices usually require 20%)
• You control each patient’s payment terms from 2-60 months.
• Patient payments of principal and interest are directly deposited into your business checking account each month.
• We manage the entire billing and collecting process including the late payment follow up.