Health financing must be patient-centered care which is a paradigm for ensuring that service delivery meets patient needs and preferences.
Our end-to-end digital lending solution that makes it possible for your customers to solve real -life health financing challenges .
A customizable patient financing solution for your business
Patients can choose from a variety of installment payment options instead of paying out-of-pocket expenses, deductibles, and copayments. Your medical facility won’t ever need to rely on third-party financing and can significantly expand:
1. Provide in-house financing for patients
2. Finance customers purchasing medical equipment:
-
Health care practice;
-
Hearing;
-
Plastic surgery;
-
Eyecare;
-
Dental services;
-
Optometry;
-
Providing medical equipment ;
-
Urgent & Primary care;
-
Chiropractic services;
-
Wellness & Spa;
-
Vet services.
Advanced Compassway solution helps you do more for your client
Grow your business by automating in-house patient lending.
On average, providing patients and customers with different payment options increases medical billing by up to 20 %.
Flexible payment options ensure up to significantly patient retention rate.
Improve patient interactions rather than referring them to third-party lenders.
Reduce the seasonality of your patients’ income by introducing installment payments throughout the year.
Use reliable medical financing software that ensures end-to-end automation of all your medical financing operations.
No one knows your patients and customers as well as you do. We empower you to make your credit decisions based on your judgment and discretion.
Keep your clients' sensitive data safe while cutting third-party financing expenses.
Functionality that matters for Digital Health Care Solution
Our customizable solution ensures bank-grade lending automation designed specifically for medical purposes which can be effectively utilized by all kinds of healthcare institutions and medical equipment providers.
Decision-making is completely automated and enabled by powerful proprietary AI.
Financing options are highly flexible to suit various patient types and treatments.
Enhanced automation ensures a high client retention rate.
Communicate with your patients using a user-friendly interface.
Customizable code-free application flow can be easily adjusted to suit your medical organization.
API integrations with credit bureaus, PSPs, bank account verification services, SMS and email, etc.
Compassway is a secure cloud-based solution that has regular design updates and advanced functionality.
A user-friendly patient portal and access permissions to your employees.
Compassway is a highly customizable and scalable solution that can manage large volumes and highly specific business processes.
Our system can be easily white-labeled. Create your very own branded solution in just a few clicks.
Technical support team are available 24/7 for any issues you need solved.
Pre-configured API integrations expanding your practice
Bank Statement Providers & Credit Bureaus for Accurate Scoring.
E-Sign Paperwork Digitization Software.
Payment Providers For Smart Collection Procedures.
SMS/Email Integrations to Improve Customer Interactions.
WHAT CUSTOMERS SAY
We used to have an older system that required more than a day to update or deploy a new risk model. In addition, credit decisions were slow. We estimated we were losing 15% of customers due to abandoned applications. For millennials, who are now a majority of our clients, responsiveness and convenience are key for lending services.
We implemented an end-to-end digital lending platform offered by CompassWay and it allowed to significantly improve customer retention. Up-to-date risk models also mean lower defaults rate and improved profitability. The system is easy to work with in case we need to add new clients or product types. We also received excellent customer support from CompassWay team. Overall very satisfied with the upgrade decision.
Denis Bobrov, CFO of CreditUP