Improve Practice Cash Flow
At iVitaFi, we offer a non-recourse patient financing program that provides patients of all credit profiles with a fixed 0% interest healthcare line of credit. Our program features transparent terms and no hidden fees, so patients can feel confident knowing they will only pay the original medical bill. This patient-centered approach makes it easier for individuals to afford and access the medical care they need.
For healthcare providers, this means you’ll receive full and timely payments, improving your cash flow and reducing the risk of bad debt. Thanks to the non-recourse nature of our loan program, if a patient defaults, you still keep the cash. With iVitaFi’s patient financing solutions, both you and your patients can enjoy a smoother financial experience, simplifying the overall healthcare payment process.
Transform Your Practice with Non-Recourse Patient Financing
Integrating our non-recourse patient financing solutions will create a more sustainable financial model for your practice. This program is designed to simplify the patient payment process, allowing your team to focus on delivering quality care rather than managing financial concerns. With reduced bad debt and increased patient satisfaction, you can foster loyalty and attract new patients. Let us help you streamline your operations and maximize your practice’s potential while ensuring your patients have access to the care they need.
Key Facts for Providers:
- Double to Triple Collection Rates: Achieve a 2x to 3x improvement in patient payment collection rates on average with our effective financing solutions.
- Predictable Revenue Stream: Ensure a reliable source of income for your practice with consistent patient payments.
- Increase Patient Volume: Attract more patients by offering accessible patient financing options that make healthcare affordable.
- Enhanced Cash Flow and Financial Forecasting: Improve your practice’s financial planning with consistent cash flow from patient financing.
- Non-Recourse Financing: With our non-recourse financing, if a patient defaults, you still keep the cash, significantly reducing financial risk.
- Mitigate Bad Debt: Decrease the impact of unpaid medical bills on your practice with our effective financing solutions.
- Reduce No-Shows and Patient Leakage: Minimize appointment cancellations and enhance patient retention through accessible financing.
- Boost Patient Satisfaction: Improve the patient financial journey by making it easy and convenient for patients to pay their medical bills with our flexible financing options.
- Easy Implementation with No Technical Integration: Get started quickly without the hassle of complex system setups, ensuring a smooth transition to patient financing.
Providers Benefits:
- Double to Triple Collection Rates: Achieve 2x to 3x improvement in collection rates on average.
- Predictable Revenue Stream: Ensure a reliable source of income for your practice.
- Increase Patient Volume: Attract more patients with accessible financing options.
- Enhanced Cash Flow and Forecasting: Improve financial planning with consistent cash flow.
- Non-Recourse Financing: If a patient defaults, you still keep the cash, reducing financial risk.
- Mitigate Bad Debt: Decrease the impact of unpaid bills on your practice.
- Reduce No-Shows and Patient Leakage: Minimize appointment cancellations and drop-offs.
- Boost Patient Satisfaction: Enhance the patient financial journey by making it easy and convenient for patients to pay their medical bills with our flexible financing options.
- No Technical Integration Needed: Get started quickly without the hassle of complex system setups.
Patient Benefits:
- Improved Healthcare Affordability: Our flexible patient financing options make medical care more accessible for your patients, helping them manage their healthcare expenses effectively.
- Fixed 0% Interest Rate: Your patients can enjoy a 0% interest rate for the life of the loan, eliminating unexpected costs and making healthcare more affordable.
- Flexible Repayment Terms: Our patient financing program offers repayment terms of up to 36 months, providing flexible options that accommodate varying budgets and financial situations.
- Accessible Financing for All Credit Profiles: Our patient financing options are available to everyone, regardless of credit history, ensuring equitable access to care for all your patients.
- No Hard Credit Checks Required: Patients can apply without worrying about hard inquiries affecting their credit scores, making the application process stress-free.
- Reusable Line of Credit: Patients can access funds for future medical treatments as needed, providing ongoing financial support for their healthcare needs.
- Convenient Online Portal: Your patients can enjoy 24/7 access to our user-friendly online portal, allowing them to manage their financing anytime, anywhere.
- Approval Based on Patient Needs: Approval amounts are determined by patient needs rather than credit scores, making financing more accessible and user-friendly.
- Simple Application Process: Your patients will experience an easy and quick application and approval process, designed to ensure a smooth financial journey.
Key Facts for Patients
- 0% Interest for the Life of the Loan: Enjoy a fixed 0% interest rate with no hidden costs, making healthcare more affordable.
- Flexible Repayment Terms Up to 36 Months: Tailor your payment options with flexible terms to suit your financial needs.
- Accessible Financing for All Credit Profiles: Our patient financing solutions are available for everyone, regardless of credit history, ensuring equitable access to care.
- No Hard Credit Checks Required: Apply confidently without the worry of impacting your credit score, making the process stress-free.
- Reusable Line of Credit: Easily access funds for future medical treatments throughout the duration of the credit term.
- Convenient 24/7 Online Portal: Manage your patient financing anytime, anywhere with our user-friendly online portal.
- Financing Available for Guarantor’s Family: Extend financing options to family members of the guarantor, making it easier for loved ones to get the care they need.
Seamless Integration of Patient Financing
Key Facts for Providers:
- Cloud-Based Solutions: Access our patient financing program from anywhere with our secure cloud-based platform.
- Direct EHR Integration: Seamlessly integrate with your existing Electronic Health Record (EHR) system for streamlined operations.
- Fast and Efficient Enrollment: Enjoy a quick and easy enrollment process, allowing you to start benefiting from patient financing solutions right away.
Key Facts for Patients:
- Immediate, Patient-Centric Self-Enrollment: Your patients can quickly and easily enroll in our financing program with a self-enrollment process designed to enhance their experience.
- Lightning-Fast Pre-Qualification and Loan Origination: Our rapid pre-qualification and loan origination process ensures that patients receive the financing they need without unnecessary delays.
- Convenient Automatic Payments: Help your patients manage their financial commitments with automatic payments, ensuring timely loan repayments and reducing the risk of missed payments.
Implement a Non-Recourse Patient Financing Strategy Today
Help patients manage medical bills while you focus on providing care and growing your practice.
Providers can go live in as fast as 3 weeks
Needs minimal IT implementation resources
No implementation
fees
Easy to Implement, Easy to Use
Our patient financing program is designed to fit seamlessly into your medical facility. We collaborate with you to customize how the lending program operates, ensuring it meets your specific needs.
- Straightforward Onboarding Process: Our onboarding is simple and efficient, allowing your staff to get started quickly.
- User-Friendly Digital Loan Origination: The all-digital loan origination and approval process is intuitive, making it easy for provider staff to assist patients with financing.
With our program, you can enhance the patient experience while streamlining your financial processes.
Streamlined Patient Financing Workflow for Providers
With our healthcare line of credit program, you can offer patient financing solutions to your patients in just a few minutes:
- Present Flexible Financing Options: Your staff can present the 0% interest line of credit as a convenient payment option at any point of service.*
- Fast Pre-Approval Process: Staff will assist patients with the all-digital, seamless application process, which takes just minutes to complete, ensuring quick access to financing.
- Immediate Line of Credit Origination: Once approved, the line of credit is processed instantly, making funds available for your patients when they need them.
- Automatic Funding for Services Rendered: After services are provided, the line of credit is automatically debited, and your practice receives the funds. Patients can also use the line of credit for family members or other balances, with repayments based on what they can afford, not just what they owe.
* Terms and conditions apply.
It’s That Easy! Your staff needs only a few minutes to explain the patient financing program to patients. Once approved, patients can create an account online in less than 5 minutes, even from their mobile phones. This efficient process enhances the patient experience while supporting your practice’s financial health.
Offered at All Points of Service
Our patient financing program is available at every stage of the revenue cycle, ensuring that your patients can access flexible payment options whenever they discuss out-of-pocket expenses. This program integrates seamlessly into existing workflows during:
- Pre-Registration: Introduce financing solutions early in the patient journey.
- Point of Service: Provide immediate payment options at the time of care.
- Emergency Room: Offer quick financial assistance in urgent situations.
- Post-Billing: Address outstanding balances with accessible financing solutions.
By providing these options at all points of service, you enhance patient satisfaction and support your practice’s financial health.
Visit the links below to learn more about how the program works at each point of service.
Discover Strategies to Grow Your Practice and Maximize Revenue with Patient Financing
Do you have questions or want to learn more? We’d love to talk to you about your challenges and opportunities surrounding patient financing and payments. Fill out the form below and we’ll be in touch shortly.
Phone
Address
Suite 2310
Atlanta, GA 30303
