Weave Adds Buy Now, Pay Later Offer to Streamline Payments at Small Healthcare Practices
LEHI, Utah–(BUSINESS WIRE)–Weave (NYSE: WEAV), the all-in-one customer communications platform for small businesses, has launched a Buy Now, Pay Later solution to help healthcare providers offer more payment flexibility to patients.
The new solution, powered by a partnership with Sunbit, the company that develops financial technology for everyday expenses, is now available to all of Weave’s more than 22,000 customer locations across the United States. Customers can self-integrate into the product from the 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 customers. A Weave survey of pet owners recently found that one in three homeowners are currently delaying necessary procedures due to cost. Buy Now, Pay Later options give patients and clients the flexibility they need while easing the heavy burden of collecting and invoicing payments that often falls on 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 delivering it.” strengthening patient loyalty.
The offering integrates Sunbit’s technology and Weave’s communications platform to help offices generate more revenue by making their offerings more accessible than ever before. With a 90% approval rate and applications in 30 seconds, Buy Now Pay Later helps practices be more confident by presenting financing options to their patients so they can get the care, products and the services they need. The solution offers fair and transparent payment terms with no fees of any kind.
“Small businesses provide essential services to their local communities. By integrating payment technology over time, these practices allow their patients to get what they need, when they need it, instead of being denied necessary care,” said Oded Vakrat, vice president of platform partnerships, Sunbit. He continued, “I am thrilled to see this partnership unfold as an exponential number of practices are able to give their patients access to the services they deserve, while simply paying over time.”
Weave’s latest innovation comes hot on the heels of the launch of Insurance Verification, a dental-only billing solution that automates the time-consuming process of verifying patient eligibility and insurance coverage. Learn more about Weave’s product innovations here.
Weave is the all-in-one communication and customer engagement platform for small businesses. 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 the way local businesses attract, communicate with and engage customers to grow their business. The first Utah company to join Y Combinator, Weave set the bar for Utah startup success and work culture. For the past year, Weave has been included in the Forbes Cloud 100, Inc. of America’s 5,000 fastest growing companies and has been certified as a Great Place to Work. To learn more, visit www.getweave.com/newsroom/
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