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InfinaQuestMedical, a specialty finance company based in Great Neck, NY, announced today that it is experiencing record growth in patient credit approvals for its patient financing services for Vision, Dental and Cosmetic Surgery patients in the health care segment.
Great Neck, NY (PRWEB) November 14, 2012
InfinaQuestMedical (http://www.InfinaQuestMedical.com), a specialty finance company focused on patient financing exclusively as a sub-prime secondary lender as part of InfinaQuest Receivable Investments, LLC ("InfinaQuest"), announced today that it is experiencing record growth in new sub-prime patient approvals and medical financing with leading providers in the Vision, Dental and Cosmetic segments.
Since InfinaQuestMedical’s inception we have seen a rapid increase in patients requiring financing for elective procedures and an increase in-patient procedure deductibles financing caused by employers seeking to reduce insurance premium costs.
“Providers with financing alternatives such as InfinaQuestMedical have a significantly higher growth rate in revenue than providers that do not have sub-prime financing, due to the increasing number of patient financing requests that are declined by traditional bank financing companies in this space today” said Lenny Leff President and CEO of InfinaQuest.
Roger Giannico, InfinaQuest's Chief Operating Officer and formally Head of National Account Sales at Chase HealthAdvance (a division of JP Morgan Chase) holds the same view. “I have seen firsthand that providers today are constantly seeking patient financing for their patients and see the need for a secondary lender increasing every day”.
InfinaQuest is focused as a true sub-prime patient financing company in the elective health care marketplace with the scale to provide excellent funding and service to large, national accounts. InfinaQuest’s programs can approve 100% of all declined applications from each practice's primary bank patient program. As such, InfinaQuest does not seek to replace a medical provider's primary bank patient payment plan, but rather to complement it and increase revenue and cash flow for the provider.
About InfinaQuestMedical and InfinaQuest Receivable Investments, LLC:
Founded in 2009, InfinaQuest services medical providers nationwide from its offices in New York. With a management team in place with over 20 years of experience in the elective health care space, an operational platform with over 15 years of experience in the sub-prime market segment, and access to capital to lend, the company is experiencing significant growth in 2012.
InfinaQuestMedical offers patient payment plan financing and billing services designed to satisfy the needs of medical providers that find it difficult to get their patient payment plans financed by traditional bank programs and do not have the experience, back office capabilities and time required to properly maintain the patient billing process for the receivables associated with today’s higher medical deductibles and elective procedures. InfinaQuestMedical provides a simple way for providers to offer patient financing and to manage their own receivables for patients across all credit levels and is offered primarily for: Dentistry, Orthodontic, Cosmetic Surgery, Hearing Care, Vision and LASIK procedures and Veterinary medicine. For more information about InfinaQuest’s patient financing payment plans and billing services, please contact or visit:
Contact: Lenny Leff, lleff(at)infinaquest(dot)com (516) 858-4101
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