Our platform gives your patients access to innovative treatment options.
Patients complete a short pre-enrollment form and instantly receive loan offers. Because we utilize multiple lenders, Patients may receive multiple offers from different lenders with a variety of interest rates and terms. Your patient chooses the offer that best fits their budget and then completes the loan application. Your office is notified when the patient is funded within 3-5 days for you to collect your fees.
Because we only do a soft credit pull with the initial enrollment application, your patients will know what their loan terms are before the formal application process. Patients that are declined by all lenders will not have their credit score affected. We also offer you alternative payment-plan options for your patients that are unable to secure funds through the platform. Our program is paperless.
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We make it easy. From enrollment and training to servicing your patients' offers and loan applications. Its like having your own personal financing department. We provide you with the tools and training and back it up with unmatched ongoing customer service. All activity and communication is tracked through our online merchant portal which provides real-time status updates on every applicant. Our platform was designed with simplicity and convenience in mind.
1. Patient submits one simple, electronic application
2. Credit decision is provided in seconds.
3. Loan offers are extended to the customer.
4. ePay follows up with the borrower to go over the offers and answer any questions.
5. Patient electronically signs the loan agreement they choose and submits stipulations.
6. The Patient is funded 3 to 5 days after loan completion.
7. The practice is notified of funding and collects funds from the patient.
8. ePay collects the 4.99% discount from the practice 10 days after funding. Discount is only applied towards collected invoiced amount.
ePay Management has become the premiere lending platform and billing solutions provider for the Elective Medical industry. We service Cosmetic Surgery, Dental, Spinal Care, Regenerative Medicine, Med Spa & Aesthetics, Hair Restoration, Lasik & Vision, Hearing and more. Contact us for more information on how we can help your practice.
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No More Pending "Procedure Approvals" or Partial Payments
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Give Your Patient Access to Funds
Get Paid. In Full and Upfront
Our platform incorporates multiple lenders resulting in more offers to your customers and more flexibility.
Enrolling in the ePay Finance consumer financing platform gives your patients access to multiple lenders with a single pre-application process. We blanket the borrower pool with offers for those with excellent credit expecting low, single-digit interest rates to those with sub-prime credit that are typically not desirable for most lenders.
Many applicants receive multiple offers so they can choose the offer with the terms, interest rate and payment that best fits their budget. Initial offers are made without affecting credit scores.
Traditional medical lending programs typically have minimum "time in business" and "annual revenue" requirements to participate in their programs and individual procedures must be approved, often times leading to uncovered treatments and partial funding. Most lenders typically only fund once treatment and services have been completed. Because our program is direct-to-borrower, you are able to collect your fees upfront regardless of the procedure. Platelet Rich Plasma (PRP) injection, Prolotherapy, Cartilage Regeneration, Stem Cell Treatments, Tissue Repair, Accupuncture, Chiropractic services and More can all be billed to and collected from your patient upfront.
Patients are funded directly and participating practices are notified upon funding to collect their fees. Not only is their no recourse to your office if the borrower defaults on the loan but practices are only billed discount rates on collected fees. If a patient decides to use the funds for another purpose, there is no cost to you.
Every participating medical office receives their own borrower application link and custom landing page. Practices are able to have patients complete the application, on the fly, from any web-enabled device; such as a laptop, tablet or smart phone. Application links can be emailed or linked to from your website.
Our marketplace lending platform features immediate credit decisions and "check-your-rate" functionality which allows your customer to check approval terms without affecting your customer's credit score. Many applicants will receive multiple offers from more than one lender providing an opportunity to the customer to choose the offer that best suits their budget.
With traditional lending options the merchant is typically not funded until product is delivered or services are completed. This can be a problem in situations where completion of delivery of product or service is not immediate or when required materials must be purchased ahead of time. With our platform, merchants are notified upon funding and are able to collect a partial down payment or in full upon notification.
Get paid faster with electronic invoicing. Give your patients a simple, secure and efficient way to pay you right in their inbox. Electronic invoicing lets you send a branded payment link to your patients giving them the ability to use a credit card or electronic check in a secure environment, right from their computer, smart phone or tablet.
Need to setup a short term payment plan for a patient? Do you have customers you bill on a regular basis for long term appointments? Recurring billing lets you quickly and easily setup future transactions. Once the payment information has been captured you simply setup the number of payments, the time-frame between each payment and how much you want to charge and your patients credit cards or checking accounts will be billed automatically. The system even notifies you of cards on file that are soon to expire and can make multiple attempts to collect on declined transactions.
Cut your processing bill in half or more with our wholesale payment processing rates.
We offer transparent, cost plus pricing to optimize savings. The card processors establish the interchange rates for all credit and debit card transactions. We simply pass through those costs to you with a small discount rate and transaction fee over those interchange rates. Our rates start as low as 0.05% and $0.05 over cost and we provide a free cost analysis to show you how much you can save.
We also provide alternative, fixed-cost solutions like ACH processing so you can dramatically increase your profitability while giving your patients another payment option.
A personal loan that is funded to the patient directly which can be for any treatment type.
No, the personal loans are spent at the discretion of the borrower without limitations.
Our market place can fund $1,000 - $100,000 depending on credit worthiness.
A minimum credit score is typically 550 but many factors are considered for approval such as debit to income and outstanding collections. The lenders will determine credit worthiness and make an offer based on their analysis. All offers are made instantly with a soft credit pull so the borrower’s credit is not negatively impacted
Pre-approvals are instant and the borrower can evaluate the best offer that fits their monthly budget. Once the offer is selected the lenders may take up to two days for firm approval and the funds are then dispersed via ACH to the borrowers checking account. On average the process takes 5-7 days for funds to deposit when a borrower is pro-active in completing the loan documents.
A recent pay stub and copy of driver’s license are required by most lenders, some may also require bank statements for proof of income.
Interest rates very between 5.99% - 35.99% with loan terms up to 84 months depending on credit worthiness and amount funded. The lender may also bill an origination fee of 0-6%.
A borrower may qualify for an amount in excess of the initial estimate to be used for future billing or reapply and accept an offer from another one of our multiple lenders.
The borrower is funded on average 2-3 days you can collect payment for your invoice via ACH, debit/credit or cash.
No, you can collect payment from your client as soon as they are funded.
There is no fee for uncollected funds, the contractor is only billed for the collected amount.
There is no recourse to the practice if a borrower defaults.
You are only billed for the amount you collect for your invoice.
There is a $99 monthly membership fee and a 4.99% discount fee billed against the amount the practice collects on the initial treatment. There are no contract term limits required, you can cancel anytime.
Merchants can simply click on the enroll now button and fill our simple online form, provide a business/professional license and voided check to get started. Borrowers must apply through the participating practice.
