A powerful way of helping our clients to secure more business is through the use of a range of fixed term patient credit facilities. These make treatment more accessible and more affordable thus enabling a greater take up of treatment plans whilst providing enhanced cash flow for the business because you are paid in full as treatment commences.
The key points are:
- 0% APR and 7.9% APR facilities provide choice over 6, 10, 12, 24 and 36 months
- £350 minimum transaction for 0%
- £1000 minimum transaction for 7.9%
- Payment to the practice within 6 working days
- Easy to use web based application system at the practice
- National acceptance rate is 80%+
- Particularly useful for the £1000+ treatment
All practices offering patient credit facilities are required to have a consumer credit licence and for those applying for the first time this can be complex and time consuming. At Medenta our team alleviates this hassle by helping practices through every step of the application and registration process.