User:Khoifoto/sandbox

PrimaHealth Credit is a patient finance company launched in June 9, 2015. It empowers healthcare providers to offer a variety alternative payment solutions at the point of care.

Unlike any other company who focuses merely on credit score, PrimaHealth Credit’s proprietary platform enables patients – even those with credit challenges – to pay for out-of-pocket healthcare expenses with affordable monthly payments, while helping healthcare providers solve the challenges of determining a patient’s ability to pay, collecting recurring payments, and managing accounts receivable.

As patients become increasingly responsible for a larger amount of healthcare expenses, healthcare providers are struggling to offer payment plans for out-of-pocket expenses and are ill-equipped to gauge credit-worthiness and to manage collections. Last year out-of-pocket expenditures in elective care and outpatient care exceeded $135 billion, and less than one-quarter of this amount was financed, reflecting a lack of payment options. PrimaHealth Credit solves these challenges by offering the first turn-key payment management and finance platform that empowers providers to confidently offer payment plans at the point-of-care, and we have no balance sheet risk.

PrimaHealth Credit’s cloud-based payment management solution is highly automated, easy-to-use, and seamlessly fits into any workflow. Using proprietary credit analytics PrimaHealth Credit underwrites each patient, originates each payment plan as a loan, and services and collects on each loan. The patients use a simple mobile application, receive instant credit decisions, and can select from several repayment options.

PrimaHealth Credit serves enterprise elective care providers in multiple segments including dental, orthodontics, LASIK surgery, cosmetic surgery, and med spa’s.

PrimaHealth Credit’s executive management team has proven experience in technology, finance, and healthcare. The Company’s chairman, Hugh Bleemer, previously built an elective care lending business from market entry to $1 billion in originations at JP Morgan Chase. Founder and CEO, Brendon Kensel, is an experienced entrepreneur and operator who has led several high growth technology and healthcare service companies including a medical service organization that managed orthodontic offices in Southern California where he learned first-hand the pain points associated a lack of patient finance options.