veterinary payment plans designed to benefit both pets and vets
DESCRIPTION
VetBilling.com is dedicated to making veterinary care more affordable and accessible, by offering a fair financial solution that works for both pet owners and veterinarians alike.TRANSCRIPT
Simple, Affordable & Manageable
for both Practice and Client
Flexible Payment Plans for Every Budget
83% of owners consider pet a family member.
79% would spend “any amount necessary” to save pet’s life
BUT Only 33% approved for third-party
financing
Average US credit score 680
42% of population has credit score below
700
Lower credit scores aren’t always the result of late payments, bankruptcy, or other negative notations on a consumer’s credit file. Sometimes, a consumer who doesn’t have enough information on his/her file will have a low score. This can happen even if you had established credit in the past; if your credit report shows no activity for a long stretch of time, items may ‘fall off’ your report. Similarly, consumers new to credit will have no established credit for FICO to use when calculating a risk score. If there is just a little bit of information, you may get a score, but it may be low. This low score wouldn’t be because you made any mistakes, but because you are considered a risky borrower because the credit bureaus don’t know enough about you.
-- Source: Credit.org
Why payment plans? Let’s look at the
numbers…
Help your clients say “yes”
to needed treatment Don’t lose a valued client because your options for payment are limited.
No more awkward conversations in the office No more uncomfortable calls to clients about payments No more holding credit card information No more time wasted creating your own in-house payment plans No more sending client accounts to collections
How Clients Benefit
Interest-free
Manageable payments with flexible drafting dates
Automatic withdrawals
Use checking, savings or credit card
“Soft” credit check doesn’t affect credit score
Less worry about how to pay for costly or emergency procedure
How the Practice Benefits
Cost savings – no % of treatment fee taken
No extra work for staff
Easy set-up, enroll in office
Online access to reports for both practice and client
Strengthen client bond to practice
Increased case acceptance
Happy staff at Frederick Road Veterinary
Hospital
* Credit card payment plans incur merchant fees
** Our Credit Score Recommendation (CSR) tool is optional
*** CSR entails one-time set-up fee, charge per credit check
VetBilling.com Payment Plans:
Any amount, any length of time
Flexible billing cycles
Multiple payment options*
Multiple debit dates
Optional credit check **
No declines
No cost to practice***Your practice determines payment plan structure. Standardize your plans (3, 6, 9 mos.) or tailor to each client
Accessing reports to track client payments1. Go to the VetBilling.com home page and click on
Veterinarian Login2. On EBCS Reports page enter your User ID and unique
password to log in
Accessing reports to track client payments
The report you will most frequently access is the Remittance Report. You will use this report to see deposits made to your account, and to track client payments.
The Delinquent Report gives you a list, by client, of any payment transaction that did not process successfully.
Member Search gives you a list of all your client payment plans. Click on the client’s name for details about their payment plan.
Our Report Wizard allows you to customize reports based on parameters you specify.
Top Paw Animal Hospital
2525
“Not everyone who loves their animal qualifies for a credit card, but that doesn’t mean they can’t or won’t pay. VetBilling.com gives us flexibility – we can set up payment plans for any amount and any length of time. We don’t have to worry that our clients are at risk of getting hit with high interest charges, which can happen with third-party financing. Using VetBilling.com is a safer alternative than relying on promissory notes or informal payment arrangements.”
Dr. Lisa Zakai Practice Owner