Sending patients a bill they can’t afford means your bill will not get paid
Try this instead: $2,700 DUE NOW $400 AVAILABLE FUNDS $116/month 0% INTEREST for full term Hospital Paid immediately NO RECOURSE
As an example of how well this works: A hospital had a loss of 2 million, our program added 9.8 million to their bottom line…a large hospital with 15 billion would add 305 million in additional revenue!
HOSPITALS & PROVIDERS
Try it for 100 days RISK FREE and increase your collections 100%.
No upfront fees
Low risk: paid up front
Integrate into your system
The portion of revenue that doctors and hospitals must collect from patients has increased by 380% and growing, and the collection rate only around .15 cents on the dollar. As hospitals, doctors and practices are forced to collect more from patients – due to higher deductibles and coinsurance – more patients are filing for personal bankruptcy. It is a vicious cycle that seems to only get worse over time. But when McKinsey asked patients why they defaulted on their medical bills, the number one reason was not unwillingness to pay, but a lack of payment options. That’s why the first-ever underwriting model that can show medical systems a patient’s likelihood of paying before they receive their first bill. Providers can now see what payment terms they should offer to receive the maximum rate of collection possible… all by offering their patients repayment terms that they can afford – with an effective 0% interest rate.
Patients apply in less than two minutes – without affecting their credit.
Proprietary underwriting model evaluates each patient’s ability to pay in real time and recommends the payment terms with the highest likelihood of repayment.
Patients can access from your website, payment portal, or by email invitation from your staff.
Patients receive 0% payment plan options.
Pays you immediately, without recourse.
We handle all payment plan servicing
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, Veterinarian Hospitals, let us help you increase your collection by up to 400% and help improve your bottom line, and offer real solutions to your patients!
We realize show difficult and tasking it is to find a lender that will provide the best loan for your business or personal use.
Here are a few tips to help guide you to the best decision for your loan.
Common mistakes when applying for a loan:
Big effect for lenders are high usage of credit cards because business use them Vs. a loan. If possible reduce them before applying.
Checking your FICO and SBSS score, banks and lenders look at FICO & generally want 600+, SBSS score which is the business credit score that SBA and banks will use. Low is 140, banks will not accept anything under 160, generally they line in the 190++ range.
Is getting a loan and understanding what you really qualify for. Banks only approve about 10% of loans, general industry with alternative is around 40-60% approvals and have limited industries they serve.
Finding a lender that matched your requirements and conditions, i.e.., startup, working capital etc. and being prepared with all the requirements and paperwork such as tax documents, personal financial statements, bank statements, etc.
Cash flow on paybacks to the loans, lenders will match up your cash flow, bank deposits, credit card statements, too see what amount you can actually afford.
Each time you apply for a loan and they turn you down then you have to start all over again. This really affects your credit score every time you apply. Lenders look at how many inquiries. when they see several they know you are shopping and have n=been turned down.
What Lendingcapitalprovides: Our bQual report delivers your Small Business Credit Score (SBSS & FICO), your consumer credit score and full credit report, as well as a detailed fundability report assessing your financing prospects. And you may even be prequalified for a loan in real time.
About Us Clients nationwide turn to LendingCapital national funding platform with over 5000 lenders each year to identify the right funding options for their business projects and assistance in meeting their financing needs.
LendingCapital’s bQual application provides business owners the tools and knowledge to understand their creditworthiness before applying for and committing to a loan.
Use our bQual application and save time, energy, frustration, and Know the Score before you apply for a loan.