For Providers

Non-Recourse Patient Financing

Collect More Revenue with 0% Patient Financing Solutions

At iVitaFi, we understand the intricate challenges healthcare providers face in delivering care while navigating the financial complexities of the industry. Our non-recourse patient financing solution is designed to be a beacon of support, empowering providers and patients to overcome financial barriers and prioritize quality healthcare.

We are committed to transparency and fairness in our financing terms, enabling providers to embrace our program with confidence. Our 0% interest rate never fluctuates, and we guarantee no hidden fees, ensuring patients can rely on the simplicity of our terms. What truly sets us apart is our compassionate handling of defaults. We refuse to employ aggressive collection tactics such as wage garnishment or litigation, safeguarding your reputation and patient satisfaction.

Our solution supports providers’ financial stability by offering a non-recourse framework. In the event of a patient default, the debt doesn’t revert to the provider, ensuring a steady and predictable revenue flow and effectively mitigating the risks associated with bad debt. This approach allows you to focus on delivering exceptional care without the burden of financial uncertainties.

By partnering with iVitaFi, you’re not just gaining access to a transparent and ethical financing solution; you’re also unlocking the potential for significant growth and increased patient loyalty. Our program has been proven to increase revenue by 2X to 5X while minimizing bad debt risk, reducing no-shows, and cultivating higher referral rates and patient satisfaction.

 

 

Best-in-Class: iVitaFi Patient Financing

Full Non-Recourse: Re-Usable Line of Credit (LOC)

Pre-Bad Debt Solution: Matched to Patient Needs

Key Facts for Providers:

  • Guaranteed payment
  • Paid in full upon LOC funding
  • Debt will never come back
  • Staff-initiated & self-service origination options
  • Fast, flexible implementation

Key Facts for Providers:

  • Guaranteed payment
  • Paid in full upon LOC funding
  • Debt will never come back
  • Staff-initiated & self-service origination options
  • Program offered at pre, point and post-service
  • Fast, flexible implementation
  • Seamless integration with EMR
  • User-friendly for both patients and staff
  • Quarterly business reviews for enhanced performance

Key Facts for Patients:

  • Improve healthcare affordability
  • 0% Interest for life of loan
  • Up to 36-mo repayment terms
  • Offered to ALL credit profiles
  • No hard credit checks
  • Reusable for length of credit term
  • Convenient, 24/7 online portal
  • Get approval based on need, not credit score
  • Easy application and approval process

Key Facts for Patients:

  • 0% Interest for life of loan
  • Up to 36-mo repayment terms
  • Offered to ALL credit profiles
  • No hard credit checks
  • Reusable for length of credit term
  • Convenient, 24/7 online portal
  • Available to guarantor’s family

Unique Benefits

Key Facts for Providers:

  • Improve funding rates by 2x – 3x on average
  • Guaranteed predictable source of income
  • Improve cash flow and forecasting
  • Non-recourse – if a patient defaults, you keep the cash
  • Mitigate all patient bad debt
  • Reduce no shows & patient leakage
  • Increase patient satisfaction score with the friendliest program on the market
  • No technical integration required to get started

Key Facts for Patients:

  • Financial confidence to seek care
  • Guaranteed no origination, prepayment, or late fees
  • Reusable line of credit available to the whole family
  • No impact to credit to apply
  • Payment terms are based on the ability to pay, not the propensity to pay
  • If the patient defaults on the loan we will never turn them over to collections, garnish their wages, or pursue litigation

Flexible Paths to Patient Financing

Key Facts for Providers:

  • Cloud-Based
  • Direct EHR Integration
  • Fast & Efficient Enrollment

Key Facts for Patients:

  • Immediate, patient-centric, self-enrollment
  • Lightning-fast pre-qualification & loan origination process
  • Automatic payments

Implement a Non-Recourse Lending Strategy Today

Help your patients pay their medical bills so you can focus on providing care.

Hospitals can go live in as fast as 5 weeks

Needs minimal IT implementation resources

No implementation
fees

Easy to implement, easy to use

We work with you to customize how the lending program works for your hospital. Our onboarding process is straightforward, and hospital staff find our all-digital loan origination and approval process easy to use.

Simple workflow

Our healthcare line of credit program is delivered by the hospital to a patient in a matter of minutes:

  • Presentation: Hospital staff present the 0% line of credit as a payment option at any point of service.*
  • Pre-Approval: Hospital staff walk the patient through the all-digital, seamless application. The experience takes just minutes.
  • Origination: Once approved, the line of credit is immediately processed and available for use.
  • Funding: Once services have been rendered, the line of credit is automatically debited, and the provider receives the funds. Patients can use the line of credit for their family or for other balances with the hospital, and payments are based on what they can afford, not on what they owe.

* Terms and conditions apply.

It’s that easy. Hospital staff need just a few minutes to discuss the program with patients, and once approved, patients can create an account online in in less than 5 minutes – even via their phone.

Offered at all points of service

The lending program can be offered at any point in the revenue cycle when you discuss out-of-pocket payments with your patients. Our digital solution integrates with existing workflows at pre-registration, point of service, the emergency room and post-billing.

Visit the links below to learn more about how the program works at each point of service.

Find out how you can collect more faster and increase patient loyalty

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.

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Phone
(888) 504-8482
Email
info@ivitafinancial.com
Address
101 Marietta Street NW
Suite 2310
Atlanta, GA 30303