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NewProducts
PlexPay acceptance while reducing administrative burdens. The
company cites projections from the Centers for Medicare &
Embedded Finance Medicaid Services showing U.S. out-of-pocket healthcare
https://plexpay.com expenditures are expected to increase from $597 billion in
2026 to $724 billion by 2031.
PlexPay said its platform replaces fragmented financing
processes with a single credit application that serves
patients across a broad range of income levels and credit
profiles. The company said the streamlined workflow can
reduce the time required for patients to obtain financing
by up to 75 percent, allowing practice staff to spend less
time on paperwork and more time supporting patients.
The patient finance program offers financing from $300
to $25,000, including 0 percent APR options for qualified
applicants. Patients can view available financing offers
through a soft credit inquiry without affecting their credit
scores. PlexPay said the program also features transparent
Simplify healthcare repayment terms with no deferred interest or hidden fees.
Beyond patient financing, the platform combines
payments with merchant processing with practice finance for healthcare
providers seeking to acquire or expand practices, as well
integrated patient as equipment financing for purchasing or upgrading
medical equipment. By bringing multiple financial
services together,
financing PlexPay aims to give providers a single source for payments
and financing throughout the business.
lexPay introduced a merchant processing and "Today's existing financing processes are a barrier to both
patient finance program designed to help providers and patients—they're slow and fragmented,"
healthcare providers streamline payments said Brendon Kensel, founder and CEO of PlexPay. "By
P while expanding patient access to care through compressing what used to take 20 minutes down to less
embedded financing. than five, we're helping providers treat more patients
while giving those patients a clear, simple path to the care
The new program leverages U.S. Bank Avvance, the they deserve."
embedded point-of-sale lending solution powered by U.S.
Bank, allowing healthcare practices to offer financing Emily Hartye, head of U.S. Bank Avvance and Point-of-
alongside payment acceptance through a single platform. Sale Lending, said integrating Avvance into the PlexPay
platform enables more healthcare practices to offer patients
According to PlexPay, the launch comes as out-of- real-time financing options with transparent repayment
pocket healthcare spending continues to climb, creating plans. For more information, visit https://plexpay.com.
challenges for providers seeking to improve case
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