Financial technology firm Sunbit stated in a news release on Monday, November 28, that they are taking these steps to provide their patients with finance that is easily accessible, fair, quick, and transparent.
When faced with unexpected dental expenditures, millions of Americans are forced to decide between paying out-of-pocket or foregoing required care, according to Sunbit Vice President of Dental Jay Letwat, therefore there is a market for such a product.
Letwat noted that “even patients with private dental insurance face coverage limitations, which all but ensure that any major procedure will also need a significant out-of-pocket expenditure.”
These patients may have more payment options because to technology. For instance, Sunbit offers both a point-of-sale (POS) payment option and a credit card with no fees, according the news release.
Sunbit technology reports that 85% of patients who apply using its technology are approved for financing with payment plans ranging from six to 72 months. Well-qualified patients at participating practices may be eligible for no-interest payment plans, according to the release.
As of November, the company’s fastest-growing market, according to the press release, is dental.
