Basis is a financing platform that provides 0% APR payment options for patients without requiring credit checks, thereby increasing approval rates for healthcare services. By assuming all credit risk, Basis enables providers to receive upfront payments, reducing accounts receivable and allowing them to focus on delivering quality care.
Funding
Funding not disclosed
Founders
Product
Problem
Many patients avoid or delay necessary healthcare treatments due to financial constraints and the inability to afford out-of-pocket expenses. Traditional financing options often involve credit checks, which can exclude a significant portion of the population, especially those with poor or no credit history. This can lead to deferred care and negative health outcomes.
Solution
Basis provides a patient financing platform that expands access to healthcare by offering 0% APR payment plans without requiring credit checks. The platform enables healthcare providers to offer affordable payment options to a broader range of patients, increasing treatment acceptance rates and improving patient satisfaction. Basis assumes the credit risk associated with patient financing, ensuring that providers receive upfront payments for services rendered. This reduces accounts receivable for providers and allows them to focus on delivering quality care rather than managing patient billing and collections.
Target Audience
The primary target audience includes healthcare providers, such as dentists and other medical practices, seeking to increase patient acceptance rates and reduce financial barriers to care, as well as patients who need affordable payment options for healthcare treatments.
Features
- 0% APR financing options for patients, increasing affordability and access to care
- No credit checks required, expanding eligibility to patients with limited or poor credit history
- Upfront payments to providers, reducing accounts receivable and improving cash flow
- Automated payment processing with comfortable monthly or bi-weekly payment schedules
- Integration with provider systems for seamless patient enrollment and payment tracking
- Risk mitigation for providers by assuming all credit risk associated with patient financing