When 56% of Tested-Not-Treated patients report a financial reason for not moving forward, practices can’t afford not to have a patient financing program.
Which is why we are excited to introduce Patient Financing Options by PowerPay for our mySuccess members. This consumer financing program offers traditional loan options that are both easy and affordable.
PowerPay is a full-service point-of-sale platform which allows you to provide your patients with flexible, low APR financing options, while saving hundreds of dollars in merchant fees. mySuccess members can offer their patients a choice of two traditional loan options that have a 0% merchant fee.
If you’ve offered traditional financing through other lenders, you know that the merchant fees can really add up. What impact would saving $200-$300* on each financing transaction have on your business?
PowerPay also allows you to offer your patients financing with 0% interest for a promotional period. If you’ve offered these types of promotions, you know that they can be incredibly attractive to patients. With other lenders, if the patient cannot pay off the full balance within the promotional period, they are charged with the interest accrued from day 1 of the loan, making the offer much less attractive.
Not so with PowerPay! If your patient cannot pay off the balance within the 6, 12 or 18 month promotional period, they only pay interest on the unpaid balance. Your patients get the benefit of 0% interest for the promotional period, you get the benefit of a low merchant fee (1.99%, 2.99% for 6 or 12 months respectively), and there is no retroactive interest.
How does it work? The process is made simple through the PowerPay portal:
- Application in minutes
- Real-Time credit decisions
- Immediate account processing & streamlined loan documentation
- Direct funding within 48-72 hours of patient fitting
Presenting patients with an option to pay over-time, can reduce potential pain points for both the hearing care provider and the patient during the sales process; as well as differentiating your practice.
Start offering financing today! Visit the mySuccess Dashboard “Marketing & Business Services”. Search “financing” for Patient Financing Options by PowerPay. Add to your shopping cart & confirm request for a free, no obligation consultation.
Senior Practice Services Manager at Sonova
Laurie Daley is a Senior Practice Services Manager at Sonova. Prior to joining in 2012, Laurie practiced as a clinical audiologist in central Massachusetts.As part of the outside sales team, she has shared her passion for helping patients on their journey to better hearing with her customers and the team she led as Region Director.In her current role, Laurie continues to work with hearing healthcare providers to deliver an exceptional patient experience, and to thrive & grow in an ever-evolving industry.
Latest posts by Laurie Daley (see all)
- Building A Stellar Team Goes Beyond Just Hiring The Right People - October 22, 2024
- Introducing Patient Financing Options by PowerPay - September 17, 2024
- Elevating the Patient Experience: How to Stand Out in Hearing Healthcare - August 21, 2024