Thank you for joining me. My name is Cameron med and I’m with patient payment solutions. Today I’m going to be talking to you about Care Credit and some of the Care Credit alternatives that we offer your patient payment solutions. Probably the biggest criticism we hear about Care Credit is the fact that it’s often a low approval rating and our percentage.
It’s often frustrating when we take a patient through our potential patient, through the application process, it can take 20 to 30 minutes in some cases. At the end, they’re declined. What do we do at that point and leaves you in a conundrum? Basically, there’s nothing more frustrating than having a patient who wants and needs care, but finances aren’t allowing them to receive the services that you offer.
So one of the other criticisms we hear a lot is the fact that Care Credit has some fine prints, a lot of times patients feel scammed or feel like they’re being taken advantage of, even though we offer a three or six month or twelve month 0% option promotional option. If they happen to be late one month or miss a payment for whatever reason, maybe they have a small remaining balance at the end of that promotional period.
They’ve been accruing interest, the entire duration that credit was issued, and so it can leave for lead to some big bills that they weren’t expecting and that can often reflect poorly on your office. So at patient payment solutions, we offer an auto finance option that is not credit based.
It’s a hundred percent approval, which means that if you’re willing to offer a payment plan to that patient for your services, they are approved. Our system ensures that the money is deposited directly into your account, so they don’t have to write a check every single month or every single time.
And the nice thing about our system is that it is very flexible and you decide on all the terms, so whether you decide to offer a down payment or not is up to you any fees or percentage for offering a payment plan. You get to decide on the length of the payment plan, how much you’re willing to accept, all of those are up to you or the office and we’re going to do all the follow-up for you, which is really nice.
We’re going to get a much higher rate of collections in the typical health care providers office, which tends to be pretty low. We are going to do all the follow-up you. Whatever reason a patient payment is rejected or declined, we’re going to do the follow-up calls and do the letters and ultimately get you paid and that’s going to take a lot of the stress off of your plate. A lot of the headaches that go along with trying to hunt down money, that’s owed to you. So if you’re interested, give us a call.