How To Increase Revenue In Your Practice With ClearGage Patient Financing
It’s no secret, it is getting harder for your patients to pay for the care they need or want. The #1 thing you can do to increase patient satisfaction is to improve patient financing solutions and increase patient case acceptance. You must offer patient payment plans—ClearGage offers patient financing plans to meet these needs.
- 100% of patients qualify
- Receive payment upfront or collect your money over time
- Increase your practice revenue by charging interest or offer 0% financing
- No prepayment penalties or punitive retroactive interest
- Billing and administrative support provided by ClearGage
- Treatment plan compliance and practice revenue
Today, with or without insurance, most patients are required to pay for most, if not all, of their medical care. Often, it is not the total treatment fee that concerns the patient, but how to fit the costs into their budget. This is having a dramatic impact on patient practice revenue.
The ClearGage Payment Accelerator™ is a web-based software application comprised of several distinct modules that, when combined, offer one of the most intelligent and comprehensive healthcare payment solutions available.
Process and manage patient payments quickly and efficiently, regardless of when or where your patient chooses to pay.
- Accept All Major Credit Cards and ACH Payments
- Retail Point of Sale Payments
- Online Web Payments
- Recurring Payments
- Mobile Payments
- HSA, FSA and Medical Reimbursement Accounts
How will I know how much I get paid on a prefunding case?
A real-time calculator in our software will determine the amount to be paid based on the percentage down payment and the payment term. If you do not like the buyout percentage you can choose to keep the receivable and collect your money over time.
How do I get paid?
If you choose prefunding, the lender will pay you via an ACH from our system within 10 business days. If you choose the payment plan option, you will collect your money over time based on the payment schedule agreed to with the patient.
Who does the patient pay?
The patient pays you and funds are deposited into your bank account. If you have chosen to be prefunded by the lender, the payment is automatically removed by our system and repaid to the lender.
Am I required to use your billing service?
Only if you are utilizing the prefunding solution. We are contractually obligated to administer billing support if any of your plans are prefunded.
Is the prefunding payment to me non-recourse?
Prefunded plans are non-recourse as long as the patient makes two successful payments and all services and product have been delivered.
Do I have to send or fax patient agreements or other documents to you?
No, but you are required to keep on record the signed payment agreement for 4 years.
What credit cards do you take?
Visa©, MasterCard©, American Express© and Discover©
Can you process virtual checks?
Yes, we accept payments from any checking or savings account.
When do deposits occur?
Credit card payments post to your account in 24-48 hours and virtual checks in 3-5 business days.
Can I setup and administer my own patient payment plans?
Yes, your staff can manage all billing activities.
Can I store patient payment profiles for future use?
Yes, the Payment Accelerator is PCI compliant and can safely store payment information. All information is masked, encrypted and stored in our payment vault.
Do you support multiple user roles?
Yes, each user is assigned their own unique password, and privileges are based on their role within the organization or location.
Can payments be posted directly into my accounting and/or practice management system?
Yes, you can import a file directly into most software systems.