Orange County, CA – National medical lender launches newest financing program for medical providers.
US Based American Benefit Credit, Inc., announces it’s newest medical financing program after a successful pilot earlier this year.
Aug 22, 2009 — Orange County, CA – American Benefit Credit, Inc., a US based finance company, today announced that it has launched it’s Select Rewards Visa® program for medical providers. Their out of the box approach with this financing solution has made them an overnight success in the medical community.
“This product was needed in today’s financial crunch for medical providers and patients alike,” said Philip McClendon, American Benefit’s Vice President of Operations, “Hearing the need from our current medical relations, we offered the initial program without any fees attached as a pilot, which grew to be an overwhelming success in the comunity. This ultimately made our decision easy as a company and thus launched the product earlier than anticipated. Without a fee structure you would see as other lending solutions, this product has become more of a success than we could have ever anticipated. It now provides us with a very competitive solution to increase our capacities and extend our reach as a national medical lender.”
About American Benefit
American Benefit Credit, Inc. a California based Corporation, which works with hospitals and medical providers to build and deploy financial solutions for their patients. For more information please go to www.abfcredit.com or call 1-888-224-2429.
20 responses so far ↓
1 Cosmetic Dentistry // Aug 24, 2009 at 11:15 am
Sounds like a good move on the part of American Benefit Credit, as well as a boon for the medical providers throughout the nation. Hopefully the success they had with the pilot will continue during the program’s total implementation across the country.
2 Cosmetic Dentistry // Aug 24, 2009 at 11:15 am
Sounds like a good move on the part of American Benefit Credit, as well as a boon for the medical providers throughout the nation. Hopefully the success they had with the pilot will continue during the program’s total implementation across the country.
3 D. Kellus Pruitt DDS // Aug 24, 2009 at 3:20 pm
If a dentist participates in your financing program, will that cause him or her to become an FTC-covered entities according to the Red Flags Rule?
D. Kellus Pruitt DDS
cc: spamgroup
4 D. Kellus Pruitt DDS // Aug 24, 2009 at 3:20 pm
If a dentist participates in your financing program, will that cause him or her to become an FTC-covered entities according to the Red Flags Rule?
D. Kellus Pruitt DDS
cc: spamgroup
5 Heather Wyatt // Aug 24, 2009 at 7:35 pm
We just signed up, fantastic as this will save us at least 5% on our current charges with Carecredit. Michael D. was very helpful and got us set in less than an hours time.
A couple features that impressed me were the fact they do not charge a discount fee to us nor our patients and we have instant decisions available. We inputed our first application this morning and it took all of 3 seconds to get her answer… unfortunately it was not an approved though great support on the product and also found out she was in collections.
Two thumbs up.. it’s about time we had a product less the fees!!
Heather W. Austin TX
6 Heather Wyatt // Aug 24, 2009 at 7:35 pm
We just signed up, fantastic as this will save us at least 5% on our current charges with Carecredit. Michael D. was very helpful and got us set in less than an hours time.
A couple features that impressed me were the fact they do not charge a discount fee to us nor our patients and we have instant decisions available. We inputed our first application this morning and it took all of 3 seconds to get her answer… unfortunately it was not an approved though great support on the product and also found out she was in collections.
Two thumbs up.. it’s about time we had a product less the fees!!
Heather W. Austin TX
7 Jason Glavin // Aug 25, 2009 at 12:59 pm
Thank you as the program is receiving rave reviews from the medical community, we appreciate your support!
As far as red flag rules I would direct your attention to the following link which should offer you further insight, as the Dr. is not the lender in this program. http://www.ftc.gov/bcp/edu/pubs/business/alerts/alt050.shtm
Also for clarification the patient financing program has fully launched thus completing it’s initial pilot program earlier this year.
8 Jason Glavin // Aug 25, 2009 at 12:59 pm
Thank you as the program is receiving rave reviews from the medical community, we appreciate your support!
As far as red flag rules I would direct your attention to the following link which should offer you further insight, as the Dr. is not the lender in this program. http://www.ftc.gov/bcp/edu/pubs/business/alerts/alt050.shtm
Also for clarification the patient financing program has fully launched thus completing it’s initial pilot program earlier this year.
9 D. Kellus Pruitt DDS // Aug 26, 2009 at 7:41 am
Thank you for responding, Jason Glavin.
Can I interpret that to mean no, the American Benefit Credit program will not cause a dentist to become a Red Flags Rule covered entity because the dentist is not lending the patient the money?
D. Kellus Pruitt DDS
10 D. Kellus Pruitt DDS // Aug 26, 2009 at 7:41 am
Thank you for responding, Jason Glavin.
Can I interpret that to mean no, the American Benefit Credit program will not cause a dentist to become a Red Flags Rule covered entity because the dentist is not lending the patient the money?
D. Kellus Pruitt DDS
11 Jason Glavin // Aug 26, 2009 at 6:13 pm
With the use of this product the Practice would not fall under the association of a creditor nor lending institution that is dealing with coverd accounts and/or transaction accounts that the Red Flag Rule applies.
12 Jason Glavin // Aug 26, 2009 at 6:13 pm
With the use of this product the Practice would not fall under the association of a creditor nor lending institution that is dealing with coverd accounts and/or transaction accounts that the Red Flag Rule applies.
13 Dental Implants // Sep 2, 2009 at 9:18 am
Very Interesting article will the service be available in the UK
14 Dental Implants // Sep 2, 2009 at 9:18 am
Very Interesting article will the service be available in the UK
15 Jason Glavin // Sep 4, 2009 at 12:30 pm
I must apologize as to my previous post in the area of the Red Flag Laws, as this law may indeed fall onto the front steps of your dental practice.
After my numerous attempts to call and write the FTC direct to gain further knowledge and insight for dental practices, it looks as though this law is broad at best for dentists and/or general businesses in that regard.
I was informed that “if you arrange for credit and/or bill customer for your services at a later time than you may fall under this law” no matter if your a credit facility.
In my attempts to gain further understanding into this law with the FTC, I was informed that if there is any area that I did no understand to call my attorney for further insight. In calling my families attorney I found it ironic that she had to research the law as she was vague on the subject matter at well. Her interpretation to me was that it looked to be most businesses in general that are using credit might fall under these current laws regardless if you are the creditor.
Here is some good information which I found to research and/or write the FTC to gain further understanding. Again this was my own interpretation and research to gain further understanding into the law for health care providers themselves, as I hope this helps in my feeble attempts to gain further insight and clarification.
to write the FTC on Red Flag laws: redflags@ftc.gov
Website: http://www.ftc.gov/bcp/edu/pubs/business/idtheft/bus23.pdf
16 Jason Glavin // Sep 4, 2009 at 12:30 pm
I must apologize as to my previous post in the area of the Red Flag Laws, as this law may indeed fall onto the front steps of your dental practice.
After my numerous attempts to call and write the FTC direct to gain further knowledge and insight for dental practices, it looks as though this law is broad at best for dentists and/or general businesses in that regard.
I was informed that “if you arrange for credit and/or bill customer for your services at a later time than you may fall under this law” no matter if your a credit facility.
In my attempts to gain further understanding into this law with the FTC, I was informed that if there is any area that I did no understand to call my attorney for further insight. In calling my families attorney I found it ironic that she had to research the law as she was vague on the subject matter at well. Her interpretation to me was that it looked to be most businesses in general that are using credit might fall under these current laws regardless if you are the creditor.
Here is some good information which I found to research and/or write the FTC to gain further understanding. Again this was my own interpretation and research to gain further understanding into the law for health care providers themselves, as I hope this helps in my feeble attempts to gain further insight and clarification.
to write the FTC on Red Flag laws: redflags@ftc.gov
Website: http://www.ftc.gov/bcp/edu/pubs/business/idtheft/bus23.pdf
17 D. Kellus Pruitt DDS // Sep 6, 2009 at 1:39 pm
Thank you for clearing that up, Mr. Glavin. I’ll spread the word.
D. Kellus Pruitt DDS
18 D. Kellus Pruitt DDS // Sep 6, 2009 at 1:39 pm
Thank you for clearing that up, Mr. Glavin. I’ll spread the word.
D. Kellus Pruitt DDS
19 Vince Spampinato // Jul 15, 2010 at 9:46 pm
Dentist should definitely be looking in to alternative financing programs outside of traditional CARECREDIT and Credit Based Programs. Due to the difficult economic times patients are finding it harder to afford the dental procedures they need and credit many people’s credit has been severely affected.
eFund Systems is offering dental practices an In-House Financing product that allows them to finance their patients over a period of 90 days or less and all payments are 100% guaranteed to the dentist when the program is followed. For more info go to http://www.eFund90.com
You may contact me at 248-459-6115 for more info as well.
20 Vince Spampinato // Jul 15, 2010 at 9:46 pm
Dentist should definitely be looking in to alternative financing programs outside of traditional CARECREDIT and Credit Based Programs. Due to the difficult economic times patients are finding it harder to afford the dental procedures they need and credit many people’s credit has been severely affected.
eFund Systems is offering dental practices an In-House Financing product that allows them to finance their patients over a period of 90 days or less and all payments are 100% guaranteed to the dentist when the program is followed. For more info go to http://www.eFund90.com
You may contact me at 248-459-6115 for more info as well.
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