Coveredcare provides a financing platform that pays medical, dental and vision providers upfront for services, while patients repay the cost over time through customizable, low‑rate payment plans. The system delivers real‑time credit decisions, next‑day funding, and white‑label integration, enabling practices to maintain cash flow and offer financing to patients across the credit spectrum.
Funding
Funding not disclosed
Founders
Product
Problem
Healthcare providers often face cash‑flow gaps because they must wait weeks for insurance reimbursements or patient payments, which can delay treatment schedules and limit the number of patients they can serve.
Solution
Covered Care offers a financing platform that pays providers upfront for the full cost of a service while patients repay the amount over time. The system provides instant credit decisions in seconds and can fund the provider as early as the next business day, keeping appointment pipelines full. Patients receive low‑rate, affordable monthly payment plans that can be customized to fit a wide range of credit profiles, from prime to non‑prime and even no‑credit cases. Providers can also white‑label the financing experience and adjust loan terms—from three to 72 months and amounts between $750 and $25,000—to align with their practice’s pricing and branding strategies.
Target Audience
Primary customers are medical, dental, and vision practices, as well as specialty clinics that need to accelerate cash flow and offer patients financing options at the point of care.
Features
- Real‑time credit decisioning with approvals in seconds
- Next‑day funding to the provider’s account after approval
- Flexible loan terms (3–72 months) and amounts ($750–$25,000)
- Competitive APR up to 36% with low monthly payment options
- Support for the full credit spectrum, including borrowers with no credit score
- White‑label integration allowing practices to brand the financing flow
- Configurable program settings to match individual practice needs