WORKING CAPITAL LOANS that work for you - your patients - your practice

WORKING CAPITAL LOANS that work for you

 Practicing healthcare is stressful. Finding the right loan for your practice or healthcare business doesn’t have to be. Whether you’re investing in the future or looking to meet short-term obligations, we can deliver a customized financing solution in as few as three days without the hassles and red tape of a traditional lender. 

 

HEALTHCARE EXPERTISE

With over 15 years of experience serving the financing needs of healthcare professionals, we have gained an in-depth understanding of your business cycles and we can tailor a solution to align with your unique needs and goals.


SPEED AND EFFICIENCY

In today’s healthcare climate, you don’t have time for bank lobbies and stacks of paperwork. Our streamlined borrowing experience, you can quickly obtain the funds you need without the headaches or waiting.


UNPARALLELED SERVICE

You deserve a lender that will go the extra mile to meet your needs. You can look forward to prompt answers to your questions from professional, knowledgeable loan specialists that understand the challenges you face.

 

LOAN AMOUNTS FROM $20,000 TO $500,000

With a wide range of loan amounts, competitive rates and flexible use of funds, we can customize a solution to align with your goals and challenges.


LOAN WON'T APPEAR ON PERSONAL CREDIT REPORT

Your loan won’t be reported on your personal credit, so you can pay down existing balances and free up credit lines.


NO PERSONAL COLLATERAL REQUIRED

When you finance with us, you won’t have to sign away your hard-earned personal belongings to qualify for a loan.


FLEXIBLE REPAYMENT TERMS

With extended repayment terms up to 10 years, you can get the funds you need with a fixed monthly payment.

WORK with a LENDER YOU CAN TRUST

 

PHYSICIAN LOANS | DOCTOR LOANS 
DENTAL PRACTICE LOANS 
VETERINARY PRACTICE LOANS 
LOANS FOR NURSE PRACTITIONERS 
OCCUPATIONAL THERAPIST LOANS 
OPTOMETRY PRACTICE LOANS 
LOANS FOR PHARMACISTS 
PHYSICAL THERAPIST LOANS 
PHYSICIAN ASSISTANT LOANS 

Contact Us

Drop us a line!

699 Washington Street, STE 302, Hackettstown, NJ 07840, us

(908) 991-7722

Hospital Patient Financing Program Overview

   

We Take Hospitals out of the Collection Business & Take them Back into the Treating Patient Business


                To meet the individual demands of Hospitals & Clinics  we offer both Recourse and Non-Recourse Patient Loans as outlined below


Option #1: Limited Recourse Loans


  • No up-front or ongoing cost to the provider
  • No program fees, early payment fees or penalties to the patient
  • Does not report to credit agencies for hospital-we issue a "guidance line"
  • 100% of patient balance paid within 2 business days
  • Low fixed rate payments to patients
  • Non-US Citizens ok
  • Everyone qualifies for a loan-no credit pull
  • Seamless implementation with minimal change to current processes
  • Improving patient account collection success with no cost
  • Provider guarantees the loan so there is no dependence on the creditworthiness of the patient
  • Average recourse rate is less than 5% because banks are far more successful at collecting-less than 1.5% with auto pay
  • Our 850 banks handle all payment plan servicing, proven when bank sends invoices it gets paid
  • Reduces impact of high deductibles on patient’s personal cash flow
  • Specialize in first-party servicing, third party collections & debt purchasing for Hospitals
  • Healthcare provider training conducted at no-cost
  • Reiterate no cost to provider for web platform or implementation Safe, secure, easy
  • All patient interaction occurs through the secure Patient Lending platform
  • Longer payment term maximizes patient’s ability to leverage HSA


#1 Cause of Bankruptcy is medical bills, #1 cause of hospitals going out of business is nobody paying their medical bills.


Option #2: Non-Recourse Loans


  • We provide an online/offline process for patients to set up a payment plan pre or post service. Our plans are always interest free and specific to what the patient can afford each month. Once the patient enrolls, we make an immediate upfront payment to the hospital that is non-recourse. (if the patient does't make all of their payments, or any of their payments, the hospital keeps the funds we've sent them)
  • The upfront payment is equal to the bill amount, minus a subsidy based on that patient's credit risk. If the hospital is interested we can analyze the patient population and provide a presentation on the average cost for their population. All of our hospitals have an average subsidy between 25-35%.
  • Once enrolled, we handle all servicing of the payment plan and the patient is off of the hospitals books forever. Patients can manage everything online.
  • Due to the nature of our financial model (interest free) we can approve a much broader range of folks than legacy medical credit card or interest bearing loan. Reason being, If the balance is $10,000, more people can afford  meet the credit requirements to pay $10,000 v.s. $10,000 + interest.
  • No late fees, no late charges, no interest loans to patients
  • Up to 60 months payback for patients-longer terms
  • For those who do not qualify for a loan-we have our payment plan options for anyone no limit to term length 

We offer free analysis to determine the proper program for you Hospital or Clinic, let us help improve your bottom line and offer real solutions to your patients and communities

 NJHA report Hospitals spent $2.3 billion on free and discounted care for the uninsured, underinsured and others without the means to pay.     

 

Hospital bad debt has risen by 30-50% or higher 

                                                      

  • 9 Hospitals filed for bankruptcy in 2017 
  • 26 Non-profit Hospitals face bankruptcy in 2018. 

  

We offer free analysis to determine the proper program for you Hospital, Clinics, let us help improve your bottom line and offer real solutions to your patients and communities