PrimaHealth Credit is a FinTech platform that utilizes a proprietary credit analytics engine to assess patient payment capabilities by evaluating over 200 attributes, enabling healthcare providers to approve up to 89% of applicants. This technology addresses the issue of high out-of-pocket costs that often lead to patients being denied necessary care due to traditional credit assessment limitations.
Funding
Funding not disclosed
Founders
Product
Problem
Many patients are denied necessary healthcare due to high out-of-pocket costs and limitations in traditional credit assessment methods. Healthcare providers often struggle to offer affordable payment options, leading to patient attrition and reduced access to care.
Solution
PrimaHealth Credit offers a FinTech platform designed to increase patient access to healthcare by providing affordable monthly payment options. The platform utilizes a proprietary credit analytics engine that evaluates over 200 attributes to assess a patient's ability to pay. This enables healthcare providers to approve a significantly higher percentage of applicants compared to traditional patient finance companies, ensuring more patients receive the treatment they need. PrimaHealth Credit eliminates the need for providers to manage in-house payment plans or offer multiple finance solutions by providing a single application for most patients, regardless of their credit history.
Target Audience
The primary target audience includes healthcare providers, such as hospitals, clinics, and private practices, seeking to increase patient access to care by offering flexible and affordable payment plans.
Features
- Proprietary credit analytics engine assessing over 200 attributes to optimize approval rates.
- Greenlight program enabling approval of up to 89% of applicants.
- Single application process for patients with varying credit profiles.
- Customizable finance program tailored to specific healthcare segments.
- Real-time reporting dashboard for providers to monitor business performance.
- Pre-qualification available on virtually any device.
- Straightforward payment options with no hidden fees.