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7900 Glades Rd, Suite 340

Boca Raton, Florida 33434

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Healthcare Provider Information

More patients receive care, providers get paid more efficiently, less costly.

Patient Financing

As the patient burden to pay for health care costs, including procedures as well as high cost deductibles continues to increase, StrongBox and its lending partners have combined to deliver a high quality, fast and seamless patient financing option to our clients and patients. StrongBox offers two distinct financing models to allow patients to receive care by utilizing our low-cost Finance application.

1 in 3 insured Americans have high deductible health insurance plans

80% of patients do not have the liquid assets to satisfy the deductible

Insured patients burden to pay for care greater than 30%

Elective procedures are on the rise and patients demand low cost alternatives to pay for procedures

Providers are only collecting 15 cents of every dollar billed to patients today

StrongBox partnered financing solutions pay providers up front and without recourse to the provider

StrongBox Finance enhances our RCM platform solution and helps the provider collect more while offering patients more options and alternatives

SELECT
PRO
  • Small to mid-sized Providers

    Cloud-based integrated with StrongBox RCM

    Healthcare patient finance cloud-based platform pooled with up to 15 lenders

    Patient completes application in less than 5 minutes

    Patient receives bids from lender group

    Interest rates offered between 6-30+%

    Terms up to 60 months

    Non-recourse to provider

    Download Select PDF

  • Groups & Networks & Hospital Providers

    Cloud-based platform is proprietary model that identifies patient credit profile and propensity to pay.

    Ideal for hospitals and large health care systems

    Built for hospitals and large health care systems that struggle with accounts receivable, collections and bad debt expense.  In fact, the average collection rate for patient pay for these providers is 15%. (averaging fifteen cents on every dollar is all that is realized).

    Pro increases the average collection from 15% to collecting on average 70% within twenty-four hours.

    No recourse patient finance model allows hospitals the availability to offer your patients an interest free monthly payment and get paid up front.

    No recourse patient finance model allows hospitals the availability to offer your patients an interest free monthly payment and get paid up front.

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Select vs. Pro

The patient finance solution set offered by StrongBox is tailor-designed for small to mid-size practices (Select) as well as large networks and hospitals (Pro).  The highlights of Select and Pro are:

Select – Small to mid-sized Providers

  • One application searches up to 15 lenders at once
  • Fixed rate medical loan offers from all top on-line lenders
  • Rates are provided without markup
  • We provide only fixed-rate loans; rates never change
  • More than twice as many applicants approved as medical credit cards
  • Ideal for elective procedures
  • Non-recourse to provider

Pro – Groups & Networks & Hospital Providers

  • Healthcare patient finance cloud-based platform is proprietary model that identifies patient credit characteristics and propensity to pay.
  • Software places patients in one of ten risk tiers.  From these tiers, establish the subsidy to the hospital and set the patient up with an interest free monthly payment.  Hospital is paid within twenty-four hours, less the subsidy.
  • Built for hospitals and large health care systems that struggle with accounts receivable, collections and bad debt expense.  In fact, the average collection rate for patient pay for these providers is 15%. (averaging fifteen cents on every dollar is all that is realized).
  • Pro increases the average collection from 15% to collecting on average 70% within twenty-four hours.
  • No recourse patient finance model allows hospitals the availability to offer your patients an interest free monthly payment and get paid up front.

SELECT

Cloud-based integrated with StrongBox RCM
Healthcare patient finance cloud-based platform pooled with up to 15 lenders
Patient completes application in less than 5 minutes
Patient receives bids from lender group
Interest rates offered between 6-30+%
Terms up to 60 months
Non-recourse to provider

PRO

Cloud-based platform is proprietary model that identifies patient credit profile and propensity to pay.
Approvals direct from single lender. Ideal for hospitals and large health care systems.
Hospital receives funds upfront within 24 hours.
Patient receives an interest free loan with monthly payment.
Addresses challenges with accounts receivable, collections and bad debt expense.
Increases the average collection from 15% to collecting on average 70%.
Non-recourse patient finance model.

Types of healthcare providers and procedures ideal for Finance application:

General
  • Dermatology Procedures
  • Chiropractic Adjustments
  • Spinal Decompression
  • Hernia Repair
  • Snoring/Breathing Surgery
  • Disease Rehabilitation
  • Medical Devices
  • MRI Centers
Plastic & Cosmetic Surgery
  • Body Lift
  • Face Lift
  • Scar Removal
  • Nose Surgery
  • Breast Augmentation
  • Liposuction
  • Hair Restoration
Dental

General, specialty and cosmetic dental procedures

  • Braces
  • Bridges
  • Crowns
  • Gum Surgery
  • Dentures
  • Root Canals
  • Veneers
  • Implants
Bariatric
  • Lap Band Surgery
  • Gastric Bypass
  • Mini Gastric Bypass
  • Adjustable Gastric Band Placement
Fertility
  • In Vitro Fertilization
  • Infertility Treatment
  • Zygote Intrafallopian Transfer
  • Freezing
Vision
  • LASIK Eye Surgery
  • Cataract Surgery
  • Refractive Surgery
  • Glaucoma Surgery
  • Canaloplasty
  • Eye Muscle Surgery
  • Oculoplastic Surgery
Hearing/ENT
  • Hearing Aids
  • ADA Compliant Kits
  • Hearing Devices for Children
  • Rhinoplasty

Owner and/or operator of this website is not a lender, does not broker loans to lenders and does not make personal loans or credit decisions. This website does not constitute an offer or solicitation to lend. This website will submit the information you provide to a lender. Providing your information on this website does not guarantee that you will be approved for a personal loan. The operator of this website is not an agent, representative or broker of any lender and does not endorse any service or product.