Self-Finance Servicing
Offer your own in-house payment plans, including to patients who don't qualify for outside financing, without becoming a collections department. You set the terms and earn the interest. FMC's third-party servicer bills, collects, supports your patients and reports back to you, all on compliant loan documents.
How it works
- 1You set the terms. Choose the amount, term and interest rate for each patient's plan.
- 2The patient signs digitally. The account is set up on a secure platform, and the patient signs the contract on any device.
- 3
The servicer takes it from there. Dedicated representatives handle statements, payment collection, reminders and patient questions.
You see every account and payment in one portal, with portfolio reports monthly, quarterly or annually.
Why use a third-party
servicer?
Compliant loan documents. Every plan is written on a compliant financing instrument.
A true asset on your balance sheet. Your loans can be sold to a finance company or through an open marketplace.
Earn interest. Charge and collect interest on every plan you offer.
Stay compliant. Professional servicing keeps your payment plans on the right side of the rules.
Full-service support. The servicer bills, invoices, calls, collects, handles patient service and reporting, and reports to credit bureaus if you choose.
Provider Benefits
Say yes to more patients. Approve near-prime and sub-prime patients that outside lenders turn down.
No collections department. Professionals handle billing, late notices and patient questions.
Faster sign-ups. Patients sign on any device through secure digital onboarding.
Free up your staff. Move team members off billing and collections and back to patient care.
Payment plans are extended by your practice. FMC's third-party servicer provides billing, collection, customer service and reporting services. Plan terms must comply with applicable state and federal law. Fees are subject to change.