HFD Offers Engine achieves 100% patient acceptance in
BAKERSFIELD, CA, June 03, 2022 (GLOBE NEWSWIRE) — Healthcare Finance Direct (HFD), the leading provider of patient financing solutions for elective medical procedures, announced they can approve 100 percent of patients requiring personalized payment options. HFD’s Offers Engine, a proprietary technology powered by AI-powered algorithms, enables HFD to offer patients the financial solutions they need, regardless of their credit history.
The HFD Offers Engine is a core feature of the platform, allowing providers to focus patient conversations on affordability of treatment rather than cost. It also improves patient conversion rates and helps more patients receive elective healthcare treatments.
“Cost is one of the single largest factors preventing patients from planning and receiving their prescribed treatments,” said Tyler Johnson, CEO of HFD. “HFD is committed to providing every patient with access to affordable options to pay overtime to receive the treatment they need to improve their health. Our quote engine allows providers to have conversations knowing that every single patient they see has access to pay-over-time options tailored to their unique situation.”
The HFD Offers Engine plays a pivotal role in enabling affordable conversations between treatment coordinators and patients. Using proprietary algorithms, the HFD Offers Engine assesses a patient’s creditworthiness and provides each patient with multiple payment plan options based on actual creditworthiness, not just their creditworthiness. The entire process is almost instantaneous, allowing patients to decide within moments which payment option they would like to use to proceed with their treatment.
“Traditional top-tier lenders turn down up to half of all patients, even though more patients than ever need payment plans to afford their healthcare,” said Luke Johnson, HFD’s chief marketing and experience officer. “Through innovations like the HFD Offers Engine, our Easy Apply workflow and Easy API integrations, we are building the most robust and powerful product on the market to give every patient access to affordable pay-over-time options.”
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ABOUT HEALTHCARE FINANCE DIRECT (HFD)
HFD is the leading Buy Now, Pay Later platform for elective medical procedures. HFD offers an end-to-end solution that enables providers to approve 100% of their patients without sacrificing their margins or patient experience to traditional subprime lenders. With recourse and non-recourse options, HFD’s mission is to revolutionize the patient financing industry so that every patient, regardless of their creditworthiness, has affordable healthcare financing options.