When 56% of Tested-Not-Treated patients report a financial reason for not moving forward, practices can’t afford not to have a patient financing program.
Which is why we are excited to introduce Patient Financing Options by PowerPay for our Inner Circle members. This consumer financing program offers traditional loan options that are both easy and affordable.
PowerPay is a full-service point-of-sale platform which allows you to provide your patients with flexible, low APR financing options, while saving hundreds of dollars in merchant fees. Inner Circle members can offer their patients a choice of two traditional loan options that have a 0% merchant fee.
If you’ve offered traditional financing through other lenders, you know that the merchant fees can really add up. What impact would saving $200-$300* on each financing transaction have on your business?
PowerPay also allows you to offer your patients financing with 0% interest for a promotional period. If you’ve offered these types of promotions, you know that they can be incredibly attractive to patients. With other lenders, if the patient cannot pay off the full balance within the promotional period, they are charged with the interest accrued from day 1 of the loan, making the offer much less attractive.
Not so with PowerPay! If your patient cannot pay off the balance within the 6, 12, or 18 month promotional period, they only pay interest on the unpaid balance. Your patients get the benefit of 0% interest for the promotional period, you get the benefit of a low merchant fee (1.99%, 2.99% for 6 or 12 months respectively), and there is no retroactive interest.
How does it work?
The process is made simple through the PowerPay portal:
- Application in minutes
- Real-Time credit decisions
- Immediate account processing & streamlined loan documentation
- Direct funding within 48-72 hours of patient fitting
Presenting patients with an option to pay over-time, can reduce potential pain points for both the hearing care provider and the patient during the sales process; as well as differentiating your practice.
Start offering financing today!
Visit the Inner Circle Dashboard “Marketing & Business Services”. Search “financing” for Patient Financing Options by PowerPay. Add to your shopping cart & confirm request for a free, no obligation consultation.
