In the first quarter of 2023, Sunbit was added to more than 1,000 practices across the US, with 57,000 loans served, representing a $82.5 million lift in dental production.
Sunbit helps us serve virtually every patient, offer access to true no-interest plans, and overcome a historical pain point between our practice and our patients,” said Dr. Raphael R. Putrus, DMD, MPH, MHA, Founder, and CEO of All About Orthodontics.
LOS ANGELES (PRWEB)
May 25, 2023
Sunbit, a company dedicated to building financial technology for everyday expenses, has become the preferred financing technology partner for dental practice groups, independent practices, and dental industry groups. Sunbit has been helping these practices deliver better financing experiences for patients, practices, and front office teams alike. Many practices have reported seeing lifts in production of up to 50% thanks to Sunbit’s fast, intuitive application process, which is suitable for virtually every patient, and offers unparalleled access to true no-interest plans. Sunbit also offers integrations with leading dental software products focused on patient experience.
“Sunbit has been our partner for over a year. We were immediately impressed by everything from their thoughtful approach to team training to the intuitive design of their product. And, they have delivered on every one of their promises. Sunbit helps us serve virtually every patient, offer access to true no-interest plans, and overcome a historical pain point between our practice and our patients,” said Dr. Raphael R. Putrus, DMD, MPH, MHA, Founder and CEO of All About Orthodontics.
In the first quarter of 2023, Sunbit was added to more than 1,000 practices across the US, with 57,000 loans served, representing a $82.5 million lift in dental production. This brings the total number of dental practices offering Sunbit’s point-of-sale lending technology to nearly 8,000, including more than 875 DSOs.
“I offer Sunbit to virtually every one of our patients. Helping my practice improve our bottom line while giving our patients an unforgettable experience makes me feel great about the work I do,” said Leslie Lytle, Practice Manager, Family Dental Care NC. “In a matter of seconds, I can share access to terms that are best-in-class, without a risk of late fees, origination fees, or penalties — quickly helping patients get to ‘yes’ on critical treatment plans. Our whole front office is proud to offer Sunbit.”
Sunbit’s technology offers access to financing for dental treatment costs ranging from $50 to $20,000, with payment plans lasting from 6 to 72 months. All qualified applicants get access to 6-, 9- and 12-month, true 0% interest payment plans at participating practices. The simple 30-second application process powered by Sunbit technology has an approval rate of over 85%, which is among the highest in the industry.
Sunbit’s “Sunbeast” enablement program has certified nearly 30,000 dental professionals to offer Sunbit to patients. Unlike many other vendors, Sunbit invests significantly in training with a formal certification program, continuing education, engagement programs, competitions, award ceremonies, and a gamified rewards system, all delivered through a robust mobile app.
“After testing Sunbit against other financial solutions last year, they were the clear winner. Their ability to significantly increase revenue while also creating happy patients was unparalleled,” said Heather Cordova, CEO, Let’s Go Dental.
Sunbit provides all the necessary training, certification, and promotional materials for dental practices and DSOs as they offer Sunbit’s technology to patients at every transaction.
Sunbit’s financial technology eases the stress of paying for everyday expenses by providing people with more options on how and when they pay. Sunbit offers access to a next-generation, no-fee credit card that can be managed through a powerful mobile app, as well as a point-of-sale payment option available at over 19,000 service locations, including auto dealership service centers, optical practices, dental offices, veterinary clinics, and specialty healthcare services. Sunbit has been named on the Inc. 5000 list and recognized as a Most Loved Workplace®, Best Point of Sale Company, a N.A. Deloitte Technology Fast 500 company, and a Top Fintech Startup by CB Insights. Loans are granted by TAB Bank, which determines qualifications for and terms of credit. The Sunbit Card is issued by TAB Bank, pursuant to a license from Visa U.S.A. Inc. Use of the card is subject to the cardholder agreement.
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