No more hunting down payments. Once a patient makes their first payment, you get paid in full–leaving you with more time to focus on your patients.
Because applying doesn’t affect patients’ credit scores, you can offer more patients flexible payment options.
Thanks to instant approvals, you can send your patients a bill through Peachy and they can easily apply for financing to receive a decision on the spot.
Walnut is a company that Peachy has partnered with to offer patient financing at incredible rates with a unique lending criteria.
When a patient applies for Patient Financing, they create an account with Walnut to access loan information, but both the patient and yourself can accomplish everything from within the Peachy dashboard!
Your patients’ credit scores will not be affected when they check their eligibility, even though Walnut does perform a soft credit check. This provides patients with an opportunity to see if financing is an option and then decide which offered terms work best for them! If a patient decides to accept financing through Walnut, their loan and payments may affect their credit score.
If the financing is offered with any interest, it is referred to as “simple interest,” with no hidden or additional fees. The total amount shown on the loan is what the patient will be required to pay and patients will not be charged compound interest. There is full price transparency when the terms are presented to your patients.
When a patient gets approved for financing, they’ll be required to make their first payment to finalize the loan. Once they make that first payment, you will receive payment for the entirety of the bill, minus the applicable financing fee. You should receive the funds within a few business days.