by By Sunbit
For many dental patients, coming into the office for care can result in increased stress over how to pay for necessary treatment or procedures. But delaying oral care can cause patients increased long-term health impacts and pain, and therefore finances should not be a reason that patients delay or forgo care.
Sunbit is a technology company that helps patients pay-over-time for dental-related expenses. The company’s services help patients from all walks of life who need care receive the treatment they need without worrying about the upfront cost. Unfortunately, patients with low FICO scores often have fewer financing options and lesser access to credit. Without reliable resources, patients are often unable to pay for dental services they need, leading them to settle for partial treatment or no treatment at all.
Areo Dental Group believes that each patient should have access to the smile they deserve. The Illinois-based dental group has implemented Sunbit financing in its practices to allow patients to receive the care they need regardless of their financial situation.
“The biggest barrier to starting treatment for patients is financing. With Sunbit, we have been able to approve more patients and get them the smile they deserve,” said Caitlin Maehr, Director of Operations, Areo Dental Group. “Sunbit removes barriers and gives patients accurate and clear options. They have certainly been a partner in helping Areo Dental Group reach new heights, and we intend to partner with them well into the future.”
Seamless, fast financing
The Sunbit program allows patients to finance dental procedures with any cost that ranges from $50 to $20,000. Patients can choose to repay the cost of the procedure monthly over the course of 6 to 72 months (six years). There are no application fees, late fees, balloon interest, or prepayment penalties for patients. The application process takes 30 seconds without a hard credit check and is completely digital.
The benefit of Sunbit technology to dentists is that they can streamline their patient financing options by providing a single technology solution that enables care for more patients. The service has an approval rate over 85%, allowing the technology to be confidently offered to everyone.
Using Sunbit’s financing services over the last year, Areo Dental Group treated 551 more patients, had an 88% patient approval rate, and generated over $775,000 in additional revenue.
“The seamless and easy approval process through Sunbit allows dentists to spend minimal time discussing financing and spend time instead helping patients. At Areo Dental Group, the Sunbit partnership has allowed many more patients to receive the care they need,” said Maehr. “We receive countless photos and reviews from patients who leave our offices confident, happy, and excited to enjoy an improved quality of life because we were able to move forward with treatment.”
Many dental groups have taken note of Sunbit’s unique value in the industry. The technology company is onboarding more than 500 dental practices monthly and has been named an Inc. 5000 Fastest-Growing Private Company for the last two years.
*Account openings and payment activity are reported to a major credit bureau. Loans are made by Transportation Alliance Bank, Inc., dba TAB Bank, which determines qualifications for and terms of credit.
