Bakersfield, Calif., June 03, 2022 (GLOBE NEWSWIRE) — Healthcare Finance Direct (HFD), the leading provider of patient financing solutions for elective healthcare procedures, announced that it was able to approve 100 % of patients requiring personalized payment options . HFD’s Offers Engine, a proprietary technology based on AI-powered algorithms, enables HFD to provide patients with the financial solutions they need, regardless of their credit score.
The HFD Offers Engine is a central feature of the platform that allows providers to focus patient conversations on treatment affordability rather than cost. It also improves patient conversion rates and helps more patients receive elective health treatments.
“Cost is one of the biggest factors holding patients back from scheduling and receiving their prescribed treatments,” said Tyler Johnson, CEO of HFD. “HFD is on a mission to help every patient have access to affordable overtime compensation options, so they can get the treatment they need to improve their health. Our offers engine allows providers to have conversations and know that every patient they see will have access to pay-over-time options personalized to their unique situation. »
The HFD Offers Engine plays a central role in enabling affordability-focused conversations between treatment coordinators and patients. Using proprietary algorithms, the HFD offers engine assesses a patient’s creditworthiness and offers multiple payment plan options for each patient based on their actual creditworthiness, not just their credit score. The entire process happens almost instantly, allowing patients to decide in moments which payment option they wish to proceed with for their treatment.
“Traditional prime lenders are turning away up to half of all patients, despite the fact that more patients than ever before need payment plans to pay for their healthcare,” said Luke Johnson, chief marketing and experience at HFD. “With innovations like the HFD offers engine, our Easy Apply workflow, and Easy-API integrations, we’re building the most robust and powerful product on the market to help every patient access payment over time affordable.”
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ABOUT HEALTHCARE FINANCE DIRECT (HFD)
HFD is the leading Buy Now, Pay Later platform for elective healthcare procedures. HFD provides an end-to-end solution that allows providers to approve 100% of their patients, without sacrificing their margins or patient experience to traditional subprime lenders. With both recourse and non-recourse options, HFD is on a mission to disrupt the patient financing industry, so that every patient has affordable financing options for their healthcare, regardless of their credit score.