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The company's new financing platform offers patients a range of repayment options from 6 to 24 months.
Sunbit Technology has introduced its buy now, pay later solution to the dental market. Offering patients the flexibility to pay for dental services over a period of 6, 8, 12, and 24 months, Sunbit’s buy now, pay later (BNPL) program has the ability to serve 85% of patients who apply.
The BNPL program offers access to financing for procedures between $60 and $10,000 and all qualified patients get access to 0% for 6 to 12-month payment plan options. Sunbit manages the application and collections processes and the dental office gets paid right away, increasing cash flow to the business without the risk of a patient defaulting on the loan. A patient’s credit score is said to be unaffected by the application process.
Additionally, Sunbit has also developed practice-focused tools and support to ensure successful implementation. The platform is designed to offer near real-time reporting so practice staff can review their performance at the coordinator, office, or dental service organization level. This includes the number of applications, approval rate, and production earned from Sunbit’s technology.
Practices are also assigned a dedicated success team to ensure that office staff are trained, certified, and continually engaged to take full advantage of the platform.
For more information, visit sunbit.com.