Payment Alliance Intentional partners American HealthCare Lending to launch CheckPay

CheckPay

Payment Alliance International (PAI), a provider of electronic payment solutions is partnering with American HealthCare Lending (AHCL), a financial services company focused on the healthcare sector, to launch CheckPay, an alternative patient financing solution (view press release). CheckPay is designed to make medical treatment available to patients who find it difficult to secure financing. The initiative grants patient approval for healthcare services based on check writing history rather than the traditional credit history approach. Funding for medical services from USD500 to USD5,000 is available with a three, six or twelve month repayment plan.

Through the CheckPay solution, an applicant’s check history is reviewed and approved if there is no record of bad check writing. When bad checks are reported, an applicant’s credit history is also considered, with a funding decision made within 10 minutes. When approval has been granted, patients are required to make a 20% down payment, and healthcare providers are paid for the total services amount up front.  

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