Top 10 Patient Financing Companies

Let's face it, healthcare costs are downright scary sometimes. Even with insurance, unexpected medical bills or elective procedures can leave you staring down a price tag that makes your heart sink. That shouldn't mean delaying the care you need.

That's where patient financing companies step in. They offer loans and payment plans designed specifically for medical expenses, helping you spread out the cost over time and making treatment more affordable.

But, not all patient financing companies are the same. Some have better rates, more flexible terms, or simpler application processes. Finding the right one can make a big difference in managing those medical bills.

The Top Ten
1 PrimaHealth Credit PrimaHealth Credit operates as a fintech company specializing in patient finance. Their unique single-application financing platform serves patients across the credit spectrum. Whether patients have excellent credit or face credit challenges, PrimaHealth Credit provides straightforward and affordable payment options for healthcare expenses.

As former owners and operators of healthcare practices, PrimaHealth Credit's team had seen firsthand how patients were struggling to pay for out-of-pocket expenses, particularly the credit-challenged and underbanked consumers. Their vision is to help more patients access the healthcare they need by offering affordable monthly payment options. They are focused on those who need financing the most!

PrimaHealth Credit is a patient finance company that empowers healthcare providers to offer alternative payment solutions at the point of care. Our proprietary platform enables patients - even those with credit challenges - to pay for out-of-pocket healthcare expenses with affordable monthly payments while helping healthcare providers solve the challenges of determining a patient's ability to pay, collecting recurring payments, and managing accounts receivable.

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2 CareCredit Care Credit is a healthcare credit card designed to pay for medical expenses not covered by insurance. Founded in 1987, the U.S.-based company is part of the Synchrony Financial network. Care Credit focuses on offering financing solutions for a wide range of healthcare services, including dental, cosmetic,... read more

They do something very simple at CareCredit: they help people get the care they want for themselves and their families. And, for them, that's very important. Together, with 200,000 health-focused providers and retail locations, they're helping people access care. Thousands of times each day, people are using their CareCredit health, wellness, and beauty credit card to have important dental work done, be fitted with new hearing aids, have vision or cosmetic procedures, and get care for a beloved family pet.

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3 Prosper Prosper Healthcare Lending specializes in medical loans, helping patients manage healthcare costs. Their unsecured loans come with flexible terms, fixed monthly payments, and no prepayment penalties. Patients can borrow amounts ranging from $2,000 to $50,000, making it easier to cover medical treatments.

Prosper Healthcare Lending is a patient financing marketplace company headquartered in Salt Lake City, Utah, at the heart of the Silicon Slopes. They sit at the intersection of the healthcare, technology, and financial services markets. They are using technology to bring innovative financial services solutions to a massive healthcare problem. Their patient financing platform allows healthcare providers nationwide to help Make Healthcare Affordable™ for patients every day by referring patients with good credit to affordable installment loans offered through Prosper.

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4 PatientFi PatientFi partners with healthcare practices to eliminate cost barriers by offering friendly monthly plans for elective procedures. Their mission is to make treatments more affordable, ensuring patients can proceed with the procedures they desire. PatientFi considers a holistic view of patients, resulting in higher approval rates and increased financing amounts.

They offer fair credit terms, and I was approved instantly. Also, it's easy to reach their customer support staff if something comes up.

Check out this new patient financing company.

Should be #1 - Great company, hands-on, very helpful.

5 SimpleSelect

I am a big fan of their true 0% loan offers. I'm not one to make late payments, but there is peace of mind knowing there isn't a default interest rate on their loans.

6 LendingClub Lending Club provides personal loans, including options for medical expenses. While not exclusively focused on healthcare, patients can utilize their loans for medical treatments. Lending Club offers fixed monthly payments and competitive interest rates.

When patients need a simple and more affordable way to pay for the care you prescribe, Lending Club can help. Unlike other plans, applicants will see all amounts, monthly payments, and interest rates they qualify for, with no impact on their credit until they select a plan and move forward.

Their approval rates and practice fees are highly competitive. Moreover, the application process is fast and easy, so your patients will have the funding needed for optimal care. Best of all, your practice can focus on what you do best: care for patients.

7 Curae

Providing patients and providers with simple and smart patient financing. Leveraging technology allows you to receive financing within seconds.

Non-recourse patient financing. Simple application. Decision in minutes.

User-friendly portal and automated payments all in the palm of your hands.

8 Wells Fargo Health Advantage® Wells Fargo Health Advantage offers a convenient financing option for healthcare expenses. With an everyday 12.99% APR, patients can manage their medical costs effectively. The card is widely accepted at dental, hearing, vision, and veterinary offices across the country. Applying for the Wells Fargo Health Advantage Card is straightforward, and it provides a practical solution for covering necessary healthcare services.

Offered by a stable and experienced company, the Wells Fargo Health Advantage credit card program offers a comprehensive range of financing options. That means your patients have the flexibility to receive general or more complex dentistry work now and pay over time with financing. With competitive provider rates, efficient online tools, and a competitive Annual Percentage Rate (APR), your dental practice can focus on providing dental care to your patients while building your practice.

Your patients can use the Wells Fargo Health Advantage credit card program for many of their or their family members' dental care needs.

9 Advance Care

Advance Care has been a leading provider of patient financing solutions since 2008. They have worked diligently to provide patients with the most affordable options to finance their procedures or treatment plans. Their programs offer affordable monthly payments with flexible terms.

Whether you choose to use your card for cosmetic surgery, dentistry, orthodontics, chiropractic care, weight loss, or hair restoration, Advance Care combines interest-free financing with the flexibility you want.

10 iCare Financial iCare Financial operates as a comprehensive consumer financial organization, serving various sectors, including dental, medical, and automotive. Their innovative program allows providers to offer patients 0% interest financing without credit checks. Patients benefit from customizable and affordable monthly payment options, bridging the affordability gap and enabling access to recommended treatments.
The Contenders
11 CarePayment CarePayment collaborates with healthcare providers to address high out-of-pocket costs. Their 0.00% APR patient financing program ensures that patients can receive necessary care without financial strain. Unlike a credit card, CarePayment offers straightforward payment options through an online patient portal, phone, or mail.

CarePayment is a great solution that my local hospital offers its patients. It is an interest-free option, with never any interest, and very flexible and easy for the patient to use. The people that work for CarePayment are so polite and helpful every time I call in to make a payment. I love CarePayment and the fact that my hospital offers it as a payment option.

12 Alphaeon Credit
13 Red Apple Capital
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Important Questions to Consider When Choosing a Patient Financing Company


  1. What are the interest rates and fees? Interest rates and fees vary between patient financing companies and may depend on your creditworthiness. Some companies offer 0% interest plans for a limited time, while others have variable interest rates linked to market conditions. Be sure to ask about origination fees, prepayment penalties, and any other charges to fully understand the cost of borrowing.

  2. What are the repayment terms? Repayment terms can range from a few months to several years. Longer repayment terms often mean lower monthly payments but may result in paying more interest over the life of the loan. Ask about the different repayment options and choose a plan that aligns with your budget and financial goals.

  3. What are the eligibility requirements? Eligibility requirements differ, but most companies will consider your credit score, income, and debt-to-income ratio. Some companies specialize in working with patients who have lower credit scores. Be prepared to provide financial documentation as part of the application process.

  4. How does the application process work? Many patient financing companies offer online applications for a quick and easy process. You'll typically need to provide personal information, employment details, and income verification. Some companies provide instant decisions, while others may take a few days for review.

  5. What happens if I miss a payment? Missing payments can result in late fees and potentially damage your credit score. If you're having trouble making payments, contact the financing company immediately. They may offer options like deferring payments or adjusting your payment plan to help you get back on track.