Patient Financing for Healthcare Providers

Patient Financing

Patient financing for dental and healthcare providers

Practice Inquiries

“…We estimate that if consumers had access to more convenient payment mechanisms and structured payment or financing options to help them smooth spiky medical expenses into tight household budgets, only 10 percent of their bad debt would remain stubbornly uncollectable.”

Source: Finn, Patrick, Thomas Pellathy, and
Shubham Singhal “U.S. healthcare payments:
Remedies for an ailing system” McKinsey on
Payments, April 2009. Pg. 42. Web.

Access to financing options for your patients with less than perfect credit

Improve the doctor-patient relationship and your bottom line by offering patient financing

The cost of health and dental care can be daunting for a growing number of patients. Especially for patients with a low credit score. Providing patient financing programs with Genesis Credit provides you with an alternative to avoidance and the ability to help more patients and their families afford needed care.

Genesis Financial Solutions enables more of your patients, and prospective patients, access to quality healthcare or dental care. It is a dedicated credit line that simplifies your billing and builds patient loyalty.

Financing options for more patients

We provide healthcare financing when other lenders may not. Our high-touch approach to customer care results in higher patient satisfaction and retention.

Fully managed healthcare and dental financing

Once approved, all accounts (including billing, servicing, collections and repayment) are fully managed by Genesis.

Building patient loyalty

Because patients pay for treatment over time, our regular interactions can grow affinity to your healthcare or dental practice. Our high-touch customer service team provides exceptional service, further enhancing the relationship with your patients. Plus, by taking your practice out of the credit business, you can focus on providing care and not on managing patient receivables.

Marketing Made Easy

  • Promotional pricing, such as 12 month deferred financing, attracts new patients and re-engages patients who ruled out treatment due to cost concerns.

  • Training is provided to each office explaining the program and ensures a smooth application and billing process. Our training and ongoing support is quick, simple and easy to access 7 days a week.

  • Communication channels, such as monthly statements, can be made available for providers to connect with patients on a regular basis.

 

 

 

Servicing Solutions

Genesis' servicing programs can be used by merchants and healthcare providers who want to extend credit to customers or patients who do not meet our underwriting criteria, or who want to simply outsource their payment programs and servicing. We can take care of everything on a fee-for-service basis.

Our servicing platform is designed to make account set up and management simple,  reducing your staffs' time and your business overhead expenses.