February 8, 2022
Mechanicsburg, Pa. – February 7th, 2022 – Versatile Credit Inc. (Versatile) has announced the recent integration and deployment of Covered Care into Versatile’s consumer financing technology platform, expanding its network of lenders in the healthcare vertical. The integration will enable eligible medical and dental-focused practices to include Covered Care as part of their comprehensive financing offerings to patients.
“Onboarding lenders like Covered Care is critical to the growth and success of deployments in the medical and dental space.” said Vicki Turjan, President and COO of Versatile Credit, “Their lending products provide practices with the ability to approve more patients with affordable credit terms to fund the treatment options they need and deserve.”
Founded in 2020, Covered Care helps healthcare providers care for patients who otherwise would have been declined for traditional credit. Their proprietary financing platform can underwrite and approve patients at every credit level – from prime to non-prime and even patients with no credit history. This flexibility allows healthcare providers to care for more patients without taking on any risk.
“We are very excited to work with Versatile and believe in the power of combining Versatile’s platform with Covered Care’s loan offerings”, said Tim Ranney, Chief Revenue Officer at Covered Care. “Because many patients have less-than-perfect credit, their credit applications are often declined, and they are unable to afford necessary healthcare. When a provider offers Covered Care’s financing options, they immediately see more patients being approved, scheduling their treatments, and feeling confident in what they can afford and manage”, said Ranney.
Versatile Credit’s finance cascade technology can be deployed on an array of devices, from dedicated kiosks to practice-owned tablets and laptops — or the patient’s own mobile device. This process enables practices to provide their patient with an efficient, secure, and private way to apply for financing and find the financing terms and products that work best for them.
Versatile’s expansive, multichannel ecosystem of financing and application channels will bring a new level of flexibility and customization in how healthcare providers can offer patient lending in the healthcare vertical. This technology enables providers to have the same flexibility as other industries in how, where, and when they offer finance to patients, allowing for innovative new lending solutions that help patients select the programs and promotions that fit their situation.
To learn more about how Versatile Credit can help you build a comprehensive patient financing program for your business, visit us at www.versatilecredit.com.
About Versatile Credit
Privately held, Versatile Credit offers a technology platform that enables retailers to build a financing program with leading lending providers, innovative financing solutions and engaging customer experiences — leading to more finance applications, more approvals and more sales. For more information about Versatile Credit, visit versatilecredit.com.
About Covered Care
Covered Care is a buy now, pay later financing solution for growing healthcare practices. Our mission is to help healthcare providers care for more patients which means we provide the highest approval rates in the industry (up to 100%), affordable terms (as low as 0% APR for all credit tiers), and flexible pricing and integration options. For more information, visit www.CoveredCare.com.