SALT LAKE CITY, UT, April 05, 2012 /24-7PressRelease/ — American Healthcare Lending, dedicated to providing superior healthcare financing, announces Payment Stream, one of their four comprehensive payment solutions offered on a single platform. Exclusive to American Healthcare Lending, this product is unlike any other dental financing option available and can provide funding for every patient.
Payment Stream instantly approves all patients to a certain risk tier based on their credit profile. Then providers have the power to accept or reject the approval. If accepted, the documents can be signed and treatment can begin immediately. The patient has an installment loan with a bank that will perform all the servicing and billing on the account. As the patient pays the bank each month, the bank pays the dental practice with interest.
The benefits of this program are clear to the patient as well as the dentist. Patients who may not qualify for traditional financing are instantly approved and dentists can choose 12, 24 or 36 month terms for patient dental loans between $2,000 and $15,000. They have a fixed interest rate that won’t fluctuate which can save them hundreds or thousands of dollars. Providers have the advantage of a bank underwriting the patient up front and being able to make the final decision about financing. Offering the option of immediate funding to patients will also create a notable increase in case acceptance.
American Healthcare Lending offers Payment Stream, as well as three other patient financing options, in order to provide creative, effective funding solutions for patients as well as health care providers.