When it comes to financing patients, traditional lenders will only approve 4-5 patients out of 10*. It means that more than 50% of your potential customers that are seeking medical care may still need an alternative way to finance their medical procedures. It leads us to the question; How can you earn more revenue for your practice while using CareCredit or other traditional lenders? Is there any financing company in the U.S. that can accept these denied applicant’s requests for financing?
*Reason: Conventional financiers accept applicants based on their current credit score or credit history.
Why Denefits?
How policies of traditional lenders affect your revenue gain?
Nothing hurts more than losing a customer who is already at your doorsteps just because he/ she cannot qualify for financing by lenders. Not only that, but the lump sum offered by traditional lenders is usually about 10 to 15% less than the actual treatment cost.
So altogether, you lose 50% of the revenue due to applicant denials + 10 to 15% of the cost of your services due to lump sum. And the worst part is that your patients still end up paying about 20-30% interest. Just think of how it affects your patients’ financial experiences at your practice. These circumstances create room for an alternative and more flexible mode of financing.
How to avoid such financial losses to your business?
Use Denefits to finance your patients who are denied financing by CareCredit or any other traditional lenders. With Denefits, you have the liberty to fix the plan term and interest rate as per the convenience (i.e., flexibility) of your clients.
How to grow fast with Denefits enhanced patient financing?
Denefits allows you to finance all of your patients for elective or medical procedures within minutes. Patients can apply for copays, overages, treatment costs, or any other related medical financing needs.
How much revenue hike/ patient you can get with Denefits?
As shown in the graph, a service costing $1700, a lump sum nets you 10-15% LESS than $1700. On the other hand, if practitioners make a payment plan (through Denefits) over 36 months, it presents more than DOUBLE (>$3400) revenue gain depending on the interest rate.
Once you enroll with Denefits, it takes care of the rest
Denefits patient financing online ratings
We are delighted to be a BBB Accredited Company among patient financing companies in the States. Our Five-star rating shows our dedication to maintain high levels of ethical behavior with our clients.
We welcome this new digital era & and assist practices/ businesses to flourish with creative financial ideas. Please log in at https:/www.denefits.com/ or call us on our helpline number (+1) 833-336-3348 [toll-free] or write to us at support@denefits.com
*Reason: Conventional financiers accept applicants based on their current credit score or credit history.
Why Denefits?
- CareCredit alternative for bad credit
- Cares about your patient's credit
- Fast & easy financing with no credit check
- Financing for all with profitable terms
How policies of traditional lenders affect your revenue gain?
Nothing hurts more than losing a customer who is already at your doorsteps just because he/ she cannot qualify for financing by lenders. Not only that, but the lump sum offered by traditional lenders is usually about 10 to 15% less than the actual treatment cost.
So altogether, you lose 50% of the revenue due to applicant denials + 10 to 15% of the cost of your services due to lump sum. And the worst part is that your patients still end up paying about 20-30% interest. Just think of how it affects your patients’ financial experiences at your practice. These circumstances create room for an alternative and more flexible mode of financing.
How to avoid such financial losses to your business?
Use Denefits to finance your patients who are denied financing by CareCredit or any other traditional lenders. With Denefits, you have the liberty to fix the plan term and interest rate as per the convenience (i.e., flexibility) of your clients.
- Using Denefits no credit check patient financing in combination with CareCredit or any other conventional lenders to finance your patients can help to retain your patients.
- The time to pay back these costs can be spread over months or even years as per the convenience of your patients.
- When financing through Denefits, business owners also have the liberty to decide affordable interest rates.
How to grow fast with Denefits enhanced patient financing?
Denefits allows you to finance all of your patients for elective or medical procedures within minutes. Patients can apply for copays, overages, treatment costs, or any other related medical financing needs.
How much revenue hike/ patient you can get with Denefits?
As shown in the graph, a service costing $1700, a lump sum nets you 10-15% LESS than $1700. On the other hand, if practitioners make a payment plan (through Denefits) over 36 months, it presents more than DOUBLE (>$3400) revenue gain depending on the interest rate.
Once you enroll with Denefits, it takes care of the rest
- Denefits reports all payments to Credit Agencies. It helps in rebuilding the credit score of your patients
- Guarantees defaulted payments - We pay you even if your patient does not make their payments
- Help for CareCredit denial and manages all of your accounts and collects missed payments
- Patients get assistance with Social Healthcare Payments (A unique feature)
Denefits patient financing online ratings
We are delighted to be a BBB Accredited Company among patient financing companies in the States. Our Five-star rating shows our dedication to maintain high levels of ethical behavior with our clients.
We welcome this new digital era & and assist practices/ businesses to flourish with creative financial ideas. Please log in at https:/www.denefits.com/ or call us on our helpline number (+1) 833-336-3348 [toll-free] or write to us at support@denefits.com
