MedPlan allows providers to see more patients without worrying about having to collect payment from them. More patients can get the care they need, and providers can focus on what they do best.
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How the Credit Tier Model works:
Providers receive payment for each patient financed with MedPlan within 5 days via ACH.
No, patients will pay MedPlan directly. Your name and organization will not be associated with any of the bills or collection documents.
The application asks for basic information plus information regarding employment, sources of income, number of dependents, monthly expenses, etc.
The patient activity is reported to the credit bureaus. Regular, timely payments will improve a patient’s credit while missed and/or late payments will create derogatory credit history.
The average interest rate ranges between 12.9% - 17.9%, depending on the patient applicant’s Credit Tier.
Most payment plans are no longer than 36 months; however, we can extend payments up to 60 months in certain situations.
Monthly payments will be automatically deducted from the patient’s bank account or credit card on file. MedPlan will send out monthly reminders via text or email, two days prior to the payment due date.
Yes! Patients receive a monthly statement via email, plus access to all account information through the patient portal on the MedPlan website.