Medical, Dental, Plastic and Cosmetic Surgery Financing and Loans

In this age of expanding government oversight and shrinking margins it’s more important than ever to treat a practice like a business. Patients can’t receive proper care from their doctors and dentists unless the lease is paid, the employees are compensated, the doors are open and the lights are on.

One way to ensure your practice continues to thrive is to offer patient financing for procedures not covered (or only partially covered) by medical or dental insurance. That’s why many physicians, dentists and consumer loan companies offer medical and dental financing as well as plastic and cosmetic surgery financing as a standard part of their patient services package.

Medical and dental loans are considered specialty financing, because they cater to unique patient situations and adjust to constantly changing government requirements, like: reserves, recourse and hold-backs for partial payments, insurance tracking, and risk analysis for multiple borrowers.

In the medical and dental industries financing is a proven method that helps your practice help more patients. Many medical and dental lending decisions require the medical provider to make approval and pricing decisions in real time while the patient is waiting, so a specialized medical and dental procedure financing software is essential.

Speed, Accuracy & Efficiency

You already know that speed and accuracy are critical when it comes to medical and dental financing. Regardless of whether you’re processing a new application, managing payments, or mining patient data for marketing opportunities like upsell and cross-sell services.

Turnkey Lender provides an advanced lender software and account management system that delivers the level of automation and credit scoring that minimizes processing time without compromising security, pricing accuracy or risk tolerance.

Here are some of the key factors to consider when choosing an origination and servicing software that delivers long-term benefits to your medical and dental loan function.

Easy Implementation

It’s important to get your staff up-to-speed quickly to get the most from your new system. The Turnkey Lender platform provides an all-in-one loan origination and servicing system, so there’s no need for the IT department to integrate separate software into the existing origination platform. And our intuitive workflow acts like a built-in training tool.

IT support and customer service is available 24/7 to answer all your implementation and training questions getting you up-and-running fast.

Automation & Workflow

Turnkey Lender was created with the end-user in mind. It creates efficiencies by automating multiple mundane tasks, so your loan servicing managers can focus their best efforts on high level evaluation & decision tasks. Your business and your servicing managers are individuals. We start with a rules based foundation system with pre-sets based on lending industry best practices – that’s easily customized to meet individual needs.

Comprehensive Origination & Servicing Functionality

  • Automated decision-making and borrower evaluation cycle
  • Automated calculation of optimal loan parameters: loan amount, term of the loan, interest rate, etc.
  • Customer risk segmentation
  • Flexible management of the lender’s credit rules, credit policies and scoring models
  • Remote access for distributed sales points
  • Setting individual evaluation processes for different products, portfolio segments and business lines
  • Evaluating the efficiency and adequacy of the loan origination system’s performance and staff productivity
  • Ability to swiftly adjust credit policy (new lending rules, changes in lending rules, appropriate risk margin)
  • Digital statement capability to supplement or even replace high cost paper statements
  • Automatically tracks all interactions between lender and borrower, including payment history and customer service queries
  • Automatically updates borrower credit bureau data
  • Push communications via SMS, text and/or email for account alerts and payment reminders
  • Customers can upload documents for fast, easy application review
  • Customers can make payments via direct debits and auto-pay features

Interface & Integration

Simplicity is key when you’re designing a software solution that creates measurable efficiencies. The Turnkey Lender interface is clean and clear. It was designed to be understood intuitively with little or no cross reference to cumbersome manuals or pop-up screens. It easily integrates with multiple outside providers, so all the loan servicing tasks can be completed without the need to exit the loan servicing environment. This outside vendor integration also allows numerous data fields to be auto-populated, saving substantial time and energy by reducing the need for manual data re-entry. This process also reduces processing time by reducing human error during the data re-entry process.

IT Support & Customer Service

As a small to mid-size lender you don’t often enjoy the luxury of an internal IT department that manages all your technology needs in real time. At Turnkey Lender you (and your customers) get the next best thing. A team of technical professionals who are on-call and at your disposal 24/7 via online chat, email, live telephone call, or online Q&A. Whatever communication channel works best for you.

Are you ready to reap the rewards of an enterprise-grade online lending software platform?
One with all the functionality reserved for big financial institutions, but specially designed for a small to mid-size lender?