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How Compassionate Finance is different from other patient financing ©2014 Comprehensive Finance, LLC
Traditional 3 rd Party Financing Traditional finance companies will make you take a discount on your fee of approximately 10% to get your money upfront. Finance companies who pay your office upfront all have similar approval ratings. These finance companies are only approving patients with top-tiered credit scores… This means they turn away many payment-worthy™ patients who are great candidates for Compassionate Finance. ©2014 Comprehensive Finance, LLC
Compassionate Finance In-house financing program managed by the Compassionate Finance team. Patients of a wider range of credit scores (Good and Bad) with stable checking account history and a down payment qualify. (Practices usually require 20%) You control each patient’s payment terms from 2-60 months. Patient payments of principal and interest are directly deposited into your business checking account each month. We manage the entire billing and collecting process including the late payment follow up. ©2014 Comprehensive Finance, LLC
Congratulations! Click “Next Module” to take the quiz. ©2014 Comprehensive Finance, LLC Next Module
Presenting Compassionate Finance ©2014 Comprehensive Finance, LLC.
Billing and Collecting Process ©2014 Comprehensive Finance, LLC.
Reporting: Statements Most commonly used to account for payments ©2014 Comprehensive Finance, LLC.
Reporting: Portfolio Info Report Collected payments and remaining balances owed ©2014 Comprehensive Finance, LLC.
Loan Application Process Step-by-step process of establishing a loan ©2014 Comprehensive Finance, LLC.
Training Agenda ©2014 Comprehensive Finance, LLC.
Posting payments in your dental software: Our recommendation on posting payments in your dental software is to only post the principal amount of each payment.
Reporting: Portfolio A/R Aging Report Monitoring the statuses of your patient loans ©2014 Comprehensive Finance, LLC.
Accessing Pending or Saved Loan Applications ©2014 Comprehensive Finance, LLC.
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