How To Increase Revenue In Your Veterinary Practice With ClearGage Patient Financing
It’s no secret, the profitability of many veterinary practices is decreasing as it is becoming harder for individuals to pay for health and wellness care of pets. The #1 thing you can do to improve profitability is increase customer satisfaction by offering financing solutions and providing flexible pet care payment options. ClearGage offers financing plans to meet these needs.
- 100% of customers qualify
- Receive payment up-front 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
Oftentimes, pet owners are delaying pet care or forgoing care altogether. For pets in need of acute care, it is often not the total treatment costs that concern the pet owner, but how to fit the costs into their budget. With ClearGage, veterinarians can break down the total cost of the pet’s care into affordable payments, made over time, which fit within the pet owner’s budget. And, with ClearGage you can administer a pet wellness plan whereby a pet’s annual healthcare costs can be broken down into smaller, budget friendly payments paid over the course of the year.
Increase acute-care case acceptance, and watch practice revenue soar
How many of us pet owners have an extra $1,500 to $2,500 to spend on “unexpected pet healthcare costs”? The answer is, not many. To pet owners leaving the office without receiving the optimal treatment plan for their pet, or worse yet, having to euthanize a pet simply because they cannot afford your care, you must introduce your pet owners to meaningful financing solutions that answer their question of “how am I going to afford this?” The problem with traditional pet care finance programs is they require a credit check and, in today’s economy, many pet owners are reluctant to have a credit check or won’t qualify. ClearGage offers you and your pet owners real, meaningful solutions. We provide financing, without a credit check, to pet owners who have a valid driver’s license and two forms of payment and we fund procedures ranging from $1,000 to $5,000.
Numerous promotional options to offer your pet owners
With ClearGage, you determine which promotions best fit your practice and your pet owners. You control the financing options you offer pet owners and you control how and when you get paid. You determine the down payment requirement, plan duration or term, plan set-up fee and percentage service fee that each pet owner pays. You can opt to receive payment up-front, or you can collect your money over time and build a recurring revenue stream. To view sample prefunding promotions (where you get your money upfront) and their impact on your practice and your pet owners, see our Prefunding Calculator.
Generate a binding payment agreement and automate pet owner payments
The ClearGage Payment Accelerator™ generates a customized, binding payment agreement outlining the terms of service and the pet owner payment obligations. The payment agreement is signed by you and the pet owner. It provides an explanation of the refund or cancellation policy and informs the pet owner that they are obligated to pay for any products or services received. The pet owner’s payment information is safely and securely stored in the Payment Accelerator in a PCI compliant manner. We accept all major credit cards and payments from any checking or savings account and automate payments—no need to store and remember to charge a person’s credit card and no postdated checks! Capturing two forms of payment ensures that, should one account decline, a backup account is on file and can be charged. Click to see a sample payment agreement.
Presenting your care plan with several payment options gives your pet owners more opportunities to say “Yes!” to your recommended care plan with no more immediate out-of-pocket costs. View a sample care plan estimate with ClearGage care plan payment options.