As a midwife, you know how important it is to provide high-quality care to your patients during pregnancy, childbirth, and beyond. However, you may have noticed that some of your patients struggle with the cost of midwife services, which can lead to financial stress and even prevent them from accessing the care they need. By offering financing options to your patients, you can help to make your services more accessible and affordable, while also providing a valuable benefit to your practice. In this blog post, we’ll explore the value of offering financing options to your patients and how you can get started.
One of the main benefits of offering financing options to your patients is that it can make your services more accessible to a wider range of patients. Many people who could benefit from midwife care may not have the financial resources to pay for it all at once. By offering financing options, you can help to remove this barrier and ensure that your patients can receive the care they need.
Offering financing options can also help to build trust and loyalty with your patients. When you provide flexible payment options that work with your patients’ budgets, they are more likely to feel valued and supported by your practice. This can lead to long-term relationships and positive word-of-mouth referrals.
Additionally, offering financing options can be a valuable marketing tool for your practice. By promoting your financing options on your website and other marketing materials, you can attract new patients who are looking for affordable midwife services.
There are a few different ways that you can offer financing options to your patients. One option is to partner with a financing company that specializes in medical financing, like United Credit. These companies can help you set up financing options for your patients, including flexible payment plans and competitive interest rates through their lending partners.
Another option is to offer in-house financing, where you provide payment plans directly to your patients. While this option can be more time-consuming and may require additional administrative work, it can provide more flexibility and control over the financing options you offer.
Before offering financing options to your patients, it’s important to do your research and understand the legal and financial implications. It’s also important to ensure that your payment plans are clear and transparent, with no hidden fees or surprises.
Offering financing options to your patients can be a valuable way to make your midwife services more accessible and affordable, while also building trust and loyalty with your patients. Whether you choose to partner with a financing company or offer in-house financing, it’s important to do your research and ensure that your payment plans are clear and transparent. By providing flexible payment options, you can help to ensure that all patients have access to high-quality midwife care, regardless of their financial situation.
United Credit strives to keep the content shared on this blog accurate and up to date. You are urged to consult with business, financial, legal, tax and/or other advisors and/or medical providers with respect to any information presented. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial or medical institution. This content is intended for informational purposes only.
As Chief Sales and Marketing Officer, Nate expertly drives revenue growth for United Credit by leading sales and marketing strategies across all channels. With over 20 years of experience working with global brands in various industries, Nate has a proven track record of boosting sales, expanding market share, and building strong relationships. His unique ‘right-brain + left-brain’ approach combines business acumen and strategic thinking with striking creative execution, ensuring United Credit’s sales and marketing efforts consistently deliver results for continued success.
Matthew is the President and Founder of United Credit. Matt founded fintech company United Medical Credit in 2011 to connect consumers and businesses with an array of experienced, innovative financing solutions. In 2022, the company grew and became United Credit, fueling an expansion into retail markets while retaining its expertise in specialty healthcare.
Since its founding, Matt has provided leadership for all aspects of the Company, emphasizing long-term growth while ensuring United Credit delivers value to its consumers, merchants, and business partners. The Company has risen in the fintech space as a preferred consumer financing partner under his tenure.
Matt is also an active member of YPO (Young Presidents’ Organization), the world’s largest leadership community of company chief executives.