Weave Adds Buy Now, Pay Later Offering to Streamline Payments in Small Healthcare Practices
July 27 2022 - 03:09PM
Business Wire
The BNPL solution will be available in Weave’s
all-in-one platform, eliminating payment hurdles for patients &
providers
Weave (NYSE: WEAV), the all-in-one customer communication
platform for small business, has launched a Buy Now, Pay Later
solution to help healthcare providers offer more payment
flexibility to patients.
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The new solution, powered through a partnership with Sunbit, the
company building financial technology for everyday expenses, is now
available to all of the over 22,000 Weave customer locations across
the U.S. Customers can self-onboard to the product from within
Weave’s all-in-one platform, giving small practices all the tools
they need to offer patients a Buy Now, Pay Later option and to help
the practice schedule more patients for the procedures and services
they need.
Buy Now, Pay Later options in healthcare are increasingly
important to patients and clients. A Weave survey of pet owners
recently found that one in three owners are currently delaying
needed procedures due to costs. Buy Now, Pay Later options give
patients and clients the flexibility they need while alleviating
the burdensome task of payment collection and billing that often
falls to office staff.
“There are thousands of small healthcare offices across the
country who are worried about their patients’ ability to pay with
the current state of the economy,” said Weave CEO Roy Banks. “We’re
proud to launch a new Buy Now, Pay Later product to ensure patients
get the high-quality care they need when they need it and practices
can focus on delivering that care and strengthening patient
loyalty.”
The offering integrates Sunbit’s technology and Weave’s
communications platform to help offices drive more revenue by
making their offerings more accessible than before. With a 90%
approval rate and 30-second applications, Buy Now, Pay Later helps
offices be more confident presenting financing options to their
patients so they can get the care, products and services they need.
The solution offers fair and transparent payment terms, without
fees of any kind.
“Small businesses deliver critical services to their local
communities. By integrating pay over time technology, these
practices enable their patients to get what they need, when they
need it, instead of declining necessary care,” said Oded Vakrat, VP
of Platform Partnerships, Sunbit. He continued, “I’m excited to
watch this partnership unfold as exponentially more practices are
able to give their patients access to the services they deserve,
while simply paying over time."
The latest innovation from Weave follows close on the heels of
the launch of Insurance Verification, a dental-only billing
solution that automates the time-consuming process of verifying
patient insurance eligibility and coverage. Learn more about
Weave’s product innovations here.
About Weave
Weave is the all-in-one customer communications and engagement
platform for small business. From the first phone call to the final
invoice and every touchpoint in between, Weave connects the entire
customer journey. Weave’s software solutions transform how local
businesses attract, communicate with and engage customers to grow
their business. The first Utah company to join Y Combinator, Weave
has set the bar for Utah startup achievement & work culture. In
the past year, Weave has been included in the Forbes Cloud 100,
Inc. 5000 fastest-growing companies in America, and was certified
as a Great Place to Work. To learn more, visit
www.getweave.com/newsroom/
Loans are made by Transportation Alliance Bank, Inc., dba TAB
Bank, which determines qualifications for and terms of credit.
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version on businesswire.com: https://www.businesswire.com/news/home/20220727005251/en/
Kali Geldis Director of Communications, Weave
pr@getweave.com
Weave Communications (NYSE:WEAV)
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