Patient Financing

For those patients who need alternative payments methods, HealthTranz Payment Solutions offers two different non-recourse patient financing plans. The major benefit of our approach is utilizing several lending sources to maximize approval rates, even for those hard to get approved patients.

eFinancing Term Loans

This option allows the practice to get A-D level credit patients approved with no cost to the practice. Zero interest financing plans are also available. On-line applications, quick approvals, and no cost make this a very attractive financing option.

Revolving Credit Loans

For those patients who have longer term care needs, HTPS provides a revolving plan whereby additional credit becomes available as principal is paid down. At a low cost of 5% or 12% to the practice, these loans become an effective part of the overall strategy. Also available in “no interest” plans, our revolving credit loans beat most existing patient financing plans that are out there.

In-house Financing

An often overlooked concept is to maintain an in-house financing option where the practice can earn 18.9% interest and not have that go to some finance company. The major concern of most practices is they do not want to be involved in the hassle and cost of billing and collecting with a financing program. HealthTranz PS eliminates this concern by providing a complete billing service to allow you to establish a financing plan while it is administered by us. The practice pays a small monthly billing fee while earning the interest and has none of the hassles.

By establishing in-house financing plans, practices can build a sizeable book of business which is earning at a rate far exceeding what they would find in traditional investments. If there becomes a need to draw out cash near term, practices can sell all or a portion of this portfolio and receive cash. HealthTranz PS allows you to do that. While this plan still contains recourse to the practice, with the billing techniques utilized by HealthTranz PS you will find risk is minimized and you are able to accept a wider range of credit worthy patients than before. This increases gross revenues and accelerates profitability by earning the 18.9% interest.