Market Research Report on PatientFi, LLC

Company Overview

• Name: PatientFi, LLC

• Mission of the Company: PatientFi partners with healthcare practices to remove cost barriers by offering patients friendly monthly plans, enabling more patients to opt for the elective procedures they desire.

• Founded By: No information is available.

• Year Founded: No information is available.

• Key People in the Company: Todd Watts - Chief Executive (mentioned in a press release regarding a funding round).

• Headquarters: Irvine, California, 92618, USA.

• Number of Employees: No information is available.

• Revenue: No information is available.

• Company Recognition: PatientFi is known for offering a user-friendly, monthly payment plan system that aims to transform the way patients pay for elective healthcare procedures, thereby removing the cost barrier to treatments.

Products

• Financing Platform for Elective Healthcare Procedures:

• PatientFi connects healthcare providers and their patients with financial institutions, offering friendly payment plans for various elective procedures.

• Key Features:

• Soft Credit Check: Allows patients to check rates without impacting their credit scores.

• Higher Approval Rates: Approves more patients by looking beyond credit scores, offering a financing option more likely to succeed.

• Fully Digital Platform: No paperwork involved, user-friendly and streamlined system.

• 0% APR Promotional Financing: Offers promotional financing without hidden fees.

• Upfront Payment to Providers: Ensures providers receive payment in full, in advance of procedures.

• Dedicated Practice Success Manager: Provides partners with a dedicated manager to ensure excellent service experience.

• Targeted Healthcare Specialties:

• Plastic Surgery: Financing for procedures like breast augmentation, liposuction.

• Cosmetic & Skin Treatments: Including facial injectables, body contouring.

• Dental: Covers veneers, dental implants, braces.

• Vision: Including LASIK surgery, cataract surgery.

• Fertility: Financing options for IVF, egg donation, etc.

• Hearing: Covers hearing tests, devices, and implants.

Recent Developments

• New Products and Features:

• PRIVI Platform Introduction: An aesthetics membership platform associated with Galderma for aesthetic treatment memberships.

• Partnerships and Collaborations:

• Allergan Aesthetics Partnership Expansion: Expanded co-marketing agreement to improve financing options for aesthetic procedures.

• Galderma Partnership: A collaboration with Galderma to offer monthly memberships for aesthetic treatments.

• Funding and Financial Support: Closed a $15 million equity round led by Patriot Financial Partners and Curql Collective.

• Achievements:

• Inc. 5000 Ranking: Ranked No. 196 on the 2023 list of fastest-growing private companies in America according to Inc.

This report highlights PatientFi, LLC as a rapidly growing financial technology company tailored to healthcare, providing innovative financial solutions for elective procedures with a focus on customer satisfaction and easy access to necessary treatments without the financial burden.