MISSISSAUGA, Ontario, Sept. 27, 2016 /PRNewswire/ -- Third Eye Solutions—a leading developer of software platforms for billing, financing, and payment plans has released its latest industry-specific platform for healthcare providers.
The latest platform allows healthcare providers, such as chiropractors, fertility clinics, cosmetic surgeons, audiologists, veterinarians, orthodontists, dermatologists, and others to offer their own customized credit programs for their clients and patients.
With the rapidly occurring demographic-shifts and aging populations today, there is a larger than ever demand on healthcare providers to offer payment solutions to people of varying economic backgrounds. Many healthcare providers have established partnerships with credit providers to connect their patients with deferred payment options or installment plans for treatment costs. Unfortunately, the stringent credit-approval rules enforced by many of these credit companies can result in many patients not qualifying for a credit, and therefore not being able to afford treatment. Providers lose patients as a result. To overcome this loss of patients, there has been a rise in the number of healthcare providers offering their own payment plans.
Third Eye Solutions' Healthcare Payment Plan platform is designed to make it easy for providers to launch and manage their own credit and payment plan programs by automating all of the key processes associated with program administration, including:
- Automated Credit Report Check and Risk Mitigation
- Loan Boarding / CRM
- Regulatory Compliance
- Calculation of Financing and Repayment Terms
- Generation and Distribution of All Relevant Notices and Advisements
- Built in GAAP Compliant Accounting
- Reporting and Monitoring of Portfolio Performance
Beyond its technological expertise, Third Eye Solutions offers a wide range of professional services—including legal and business planning—to assist providers who are seeking to setup payment plan programs for their patients.
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SOURCE Third Eye Solutions