Collect More Patient Payments with Compassionate Collections
At iVitaFi, we understand providers’ challenges when balancing compassionate patient collections with financial responsibilities. Our non-recourse patient financing solution ensures full and timely payments while empowering patients to manage their out-of-pocket expenses through extended payment plans.
We are committed to transparency and fairness in our financing terms, enabling providers to embrace our program with confidence. Our 0% interest rate never fluctuates, and we guarantee no hidden fees, ensuring patients can rely on the simplicity of our terms. What truly sets us apart is our compassionate handling of defaults. We refuse to employ aggressive collection tactics such as wage garnishment or litigation, safeguarding your reputation and patient satisfaction.
Our solution supports providers’ financial stability by offering a non-recourse framework. In the event of a patient default, the debt doesn’t revert to the provider, ensuring a steady and predictable revenue flow and effectively mitigating the risks associated with bad debt.
Contact us today to discover how you can increase revenue by 2X to 5X while minimizing bad debt risk, reducing no-shows, and cultivating higher referral rates and patient loyalty.
Best-in-Class: iVitaFi Patient Financing
Full Non-Recourse: Re-Usable Line of Credit (LOC)
Pre-Bad Debt Solution: Matched to Patient Needs
Key Facts for Providers:
- Guaranteed payment
- Paid in full upon LOC funding
- Debt will never come back
- Staff-initiated & self-service origination options
- Fast, flexible implementation
Key Facts for Providers:
- Guaranteed payment
- Paid in full upon LOC funding
- Debt will never come back
- Staff-initiated & self-service origination options
- Program offered at pre, point and post-service
- Fast, flexible implementation
- Seamless integration with EMR
- User-friendly for both patients and staff
- Quarterly business reviews for enhanced performance
Key Facts for Patients:
- Improve healthcare affordability
- 0% Interest for life of loan
- Up to 36-mo repayment terms
- Offered to ALL credit profiles
- No hard credit checks
- Reusable for length of credit term
- Convenient, 24/7 online portal
- Get approval based on need, not credit score
- Easy application and approval process
Key Facts for Patients:
- 0% Interest for life of loan
- Up to 36-mo repayment terms
- Offered to ALL credit profiles
- No hard credit checks
- Reusable for length of credit term
- Convenient, 24/7 online portal
- Available to guarantor’s family
Unique Benefits
Key Facts for Providers:
- Improve funding rates by 2x – 3x on average
- Guaranteed predictable source of income
- Improve cash flow and forecasting
- Non-recourse – if a patient defaults, you keep the cash
- Mitigate all patient bad debt
- Reduce no shows & patient leakage
- Increase patient satisfaction score with the friendliest program on the market
- No technical integration required to get started
Key Facts for Patients:
- Financial confidence to seek care
- Guaranteed no origination, prepayment, or late fees
- Reusable line of credit available to the whole family
- No impact to credit to apply
- Payment terms are based on the ability to pay, not the propensity to pay
- If the patient defaults on the loan we will never turn them over to collections, garnish their wages, or pursue litigation
Flexible Paths to Patient Financing
Key Facts for Providers:
- Cloud-Based
- Direct EHR Integration
- Fast & Efficient Enrollment
Key Facts for Patients:
- Immediate, patient-centric, self-enrollment
- Lightning-fast pre-qualification & loan origination process
- Automatic payments
Implement a Non-Recourse Lending Strategy Today
Help your patients pay their medical bills so you can focus on providing care.
Hospitals can go live in as fast as 5 weeks
Needs minimal IT implementation resources
No implementation
fees
Easy to implement, easy to use
We work with you to customize how the lending program works for your hospital. Our onboarding process is straightforward, and hospital staff find our all-digital loan origination and approval process easy to use.
Simple workflow
Our healthcare line of credit program is delivered by the hospital to a patient in a matter of minutes:
- Presentation: Hospital staff present the 0% line of credit as a payment option at any point of service.*
- Pre-Approval: Hospital staff walk the patient through the all-digital, seamless application. The experience takes just minutes.
- Origination: Once approved, the line of credit is immediately processed and available for use.
- Funding: Once services have been rendered, the line of credit is automatically debited, and the provider receives the funds. Patients can use the line of credit for their family or for other balances with the hospital, and payments are based on what they can afford, not on what they owe.
* Terms and conditions apply.
It’s that easy. Hospital staff need just a few minutes to discuss the program with patients, and once approved, patients can create an account online in in less than 5 minutes – even via their phone.
Offered at all points of service
The lending program can be offered at any point in the revenue cycle when you discuss out-of-pocket payments with your patients. Our digital solution integrates with existing workflows at pre-registration, point of service, the emergency room and post-billing.
Visit the links below to learn more about how the program works at each point of service.
Find out how you can collect more faster and increase patient loyalty
Do you have questions or want to learn more? We’d love to talk to you about your challenges and opportunities surrounding patient financing and payments. Fill out the form below and we’ll be in touch shortly.
Phone
Address
Suite 2310
Atlanta, GA 30303
