Paying for Medical Procedures Without Breaking the Bank: PatientFi
In episode 77 of The Payments Show Podcast, I spoke to Todd Watts who is the CEO and Co-Founder of PatientFi.
PatientFi partners with US healthcare practices to remove cost barriers by offering patients friendly monthly plans, so more patients can say yes to the elective procedures they want.
AUDIO VERSION: thepayments.show
Episode Highlights:
40% Higher Sales Conversions for Medical Practices
The global market for non-surgical aesthetic treatment is expected to grow from around $43bn to $85bn USD by 2026. The US has 40,000 medical providers who offer these kinds of treatments. And the largest barrier is... affordability. 40% more patients convert when they've got the right payment options available to them.
Customised Platform for Healthcare
We built a platform customized to the workflows of healthcare. Healthcare is very different than furniture sales. We've created a fully digital platform which gives instantaneous and immediate decisions. We don't do on balance sheet lending. We don't hold a bunch of loans on our books.
PRIVI: Game-Changing Custom Monthly Plans
PRIVI gives the patients the ability (for their aesthetic treatments) to pay $149 a month and get access to their Botox, filler treatments and other lasers. Whereas today, he or she will go into a practice, and it'll be $800 one day and then $900 the next day. It's hard to budget for. Instead, with PRIVI, men and women can have all their aesthetic and cosmetic treatments paid for.
