About this episode
Tim Boon is director of Total Lifestyle Credit and has over 14 years of experience in patient finance, helping fund nearly a billion dollars of procedures.
Patient finance helps patients fund medical procedures through loans, typically repaid in weekly amounts to help with budgeting, making life-changing surgery, both cosmetic and medical, accessible where it might otherwise be cost-prohibitive. We learn what protections are in place, how the provider sits between surgeon and patient, interest rates and credit assessment, what happens if patients can't repay, hardship support, how it differs from buy now pay later, and the ethical concerns and safeguards around financing cosmetic treatment.
We also discuss how clinics can access finance to refurbish or upgrade lasers and devices, and how to avoid poor investments in new technology.
What you'll learn
- How patient finance works
- Protections for patients and responsible lending
- How it differs from buy now pay later
- Financing clinic devices and equipment
Topics
- Finance
- Business
- Patient experience
- Australia
Full transcript
The full transcript for this episode is coming soon.