Why Patient Financing is Essential for Elective Medical Practices
Why Patient Financing is Essential for Elective Medical Practices
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Patients seeking elective procedures such as plastic surgery or hair transplant surgery will be expected to cover the costs out of pocket since most elective medical procedures like these are not covered by health insurance.
That often creates a financial barrier to conversion for patients who are unable to afford those costs and so the only feasible option available is to put off the elective surgery they need until their financial situation improves.
Where does that leave your elective medical practice in this scenario? As one of the premiere medical providers in your area, you are running the risk of putting your business in a difficult spot and that can make it much more challenging to survive, much less succeed, in a competitive marketplace where there are too many clinics and practices offering low-cost cosmetic procedures with the quality control to match.
Now what if there were a way to offer your patients an affordable option for covering the costs of elective procedures with a low monthly payment and flexible terms? Wouldn’t that be something you would be willing to explore to give your patients and your elective medical practice a more stable foundation for success?
Fund My Contract is the solution for giving your patients access to plastic surgery financing, hair transplant financing, in fact, we can help you provide financing to your clients for any type of elective surgery they need. Whatever your medical specialty might be, Fund My Contract’s network of eager lenders is ready to help your clientele access your services without breaking their monthly budget with out of pocket costs for care they can’t afford to pay all at once.
Financing for Elective Medical Procedures
Medical practices that are experiencing a downturn in their conversions and a lack of new patients can turn to financing to reverse their current challenges and boost revenue because our financing programs are designed to cater directly to your patients. How does that work exactly? It’s simple – you know your clients best, you understand their pain points, you see what prevents them from moving forward with a surgical procedure where cost is concerned.
Now you can take this information and build one, two, maybe three financing options from which your patients may choose when the time comes to decide how to pay for the surgery necessary to achieve the desired results. Whether it’s a program based around making a low monthly payment each month, or flexible terms that extend the number of months are given to reimburse the financing in full, or even a promotional interest rate that is available for those who qualify, you work with our lenders to develop the programs that will suit your patients best, allowing them to take full opportunity of your elective surgery services and putting your medical practice on a path of consistent growth.
How Plastic Surgery Financing with Fund My Contract is Essential to Success
Your medical practice can only continue to grow and thrive when your patients continue to seek out the quality care you provide. But if your patients can’t afford the costs of care, plastic surgery financing through Fund My Contract is the best and logical solution. Our network of lenders not only work to develop the financing programs that fit your patients best, but they make sure your practice is paid in full, upfront, when the bill for services is due.
Once the patient is approved for financing on the program they’ve chosen, those funds are available shortly after and the money can only be spent hiring your practice to perform the elective surgery for which the patient has applied to finance. Should your patient ultimately decide not to move forward with the procedure for whatever reason, those funds are returned and the financing agreement rendered null and void. This is called “closed loop” financing and Fund My Contract places this stipulation on every transaction because your practice made this financing accessible to your patient, therefore, your practice should be the one that benefits instead of another medical practice or aesthetic clinic.
Fund My Contract has one top priority – to scale and grow your elective medical practice.
Reach out to one of our experts today and let’s talk about how Fund My Contract can help your practice increase traffic, increase sales, increase revenue, and increase patient satisfaction with patient financing.
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