Patient Finance
Patient Finance Management Solutions
Treat More Patients
An in-house patient financing solution from CoreCard can enable your practice to treat more patients as many of the health, wellness and beauty procedures are not covered by health insurance. Solution features such as multiple credit lines on one account, revolving or installment credit help to further increase the amount of business that a customer and his/her family does with your practice.
Confidence in Underwriting
CoreCard’s originations application, CoreAPP, allows configuring credit decision rules taking into account any data available to the system or any data acquired from a third party credit assessment agency. CoreAPP can integrate with most traditional and non-traditional credit bureaus to provide decision parameters that are useful to your business. The rules can be easily configured or reconfigured by non-technical users to minimize credit risk and maximize the opportunities.
Minimal Technology / Operations Footprint
CoreCard’s solution is completely web based requiring no hardware or training expenses at the clinics. Administrative users can remotely control all parameters ensuring compliance with the company’s credit policies. The payment contract can be provided to the patient right at the time of service or mailed later.
Patient Finance Management Solution Features
- New Accounts Processing (Optional bureau interfaces)
- Automatic payments
- Revolving or installment credit
- Same as cash, deferred payments or deferred interest plans
- Finance charge, interest or both
- Flexible underwriting
- Score Based Credit Limit Approval
- Delinquency Management & Chargeoff
- Statementing on Multiple Cycles
- Backdating Payments, Fees & Interest
- Multiple Payment Plans
- Comprehensive reporting
- Integrated Collections module
- Champion Challenger Strategy Management
- Communication Automation