Oral health services are essential. From fillings and crowns to implants and orthodontics, a patient’s overall health and well-being relies heavily on their oral health. But for many, dental services are considered elective by insurance and therefore costly.
Out-of-pocket dental services can cost hundreds to thousands of dollars. As consumers shoulder more of the financial burden for healthcare expenses, pay-over-time financial solutions are needed.
“We designed our financing options to work for both the patient and provider,” says Hans Zandhuis, head of Ally Lending, the personal lending arm of Ally Bank, a subsidiary of Ally Financial Inc.
Ally Lending’s affordable, personalized financing gives patients the option to pay for dental expenses over time. Loan packages are tailored to the patient to ensure they get the best option for their budget. For example, when applying, patients can choose a monthly payment option and term, such as 6-, 12-, or 18-month.
During a visit, dental providers can quickly pre-qualify patients with no impact to their credit score.
Universal Dentistry, located in the greater Philadelphia area, has worked with Ally Lending for over five years. They provide dental care for primarily restorative services like crowns, bridges, and implants.
“They work with us in a partnership,” says John J. Schaefer, CEO and founder of Schaeflen Management LLC, providers of Universal Dentistry. “It’s important that the vendors, the people we work with, operate more like partners. They grow with us, they help us expand, they’re flexible, and they can pivot with us.”
Schaefer says Ally Lending is patient-focused, and with them as their partner, “financing really becomes one less thing for the patient to worry about.”
Patients receive the care they need, and providers get paid up front. Ally Lending financing improves provider cash flow by paying the provider in-full for the service within 24 to 48 hours of treatment. Plus, financing can increase customer loyalty and satisfaction. Patients appreciate the flexibility of paying over time.
Interested in becoming an Ally Lending provider? Visit Ally Lending for more information.