Did you know that 56% of Tested-Not-Treated patients report financial reasons for not moving forward with a purchase? Practices nowadays can’t afford not to have a patient financing program.
Inner Circle members have a great option to reduce that statistic while increasing patient retention and differentiating your practice!
We are pleased to be partnering with PowerPay for our Patient Financing service. 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 0% merchant fees.
If you’ve offered traditional financing through other lenders, you know that those fees can really add up. What would be the impact just by saving $200-$300* on each financing transaction have on your business? You could re-invest that money into marketing and other needs for the practice!
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.
That is where PowerPay differs! If your patient cannot pay off the balance within the 6-,12- or 18-monthpromotional period, they only pay interest on the unpaid balance. Your patients not only get the benefit of 0% interest for the promotional period, but you also 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
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.
