Alchemy Launches Fully Automated Medical Finance SaaS Lending Platform


The cost of cosmetic procedures and elective surgeries vary by type, such as injections, skin resurfacing, and laser hair removal.

These procedures are sometimes funded through a point-of-sale option where the patient is underwritten specifically for the medical procedures.

These finance options are sometimes unavailable due to a patient credit score that is unreadable to lenders or banks. In these cases, clinics or providers offer a “Care Now Pay Later” service, which serves as a payment plan option.

Alchemy has designed a system specifically for these instances. Our system has an onboarding application, a sophisticated decision process that creates risk-based offers, as well as mechanisms to collect payments from patients at the time of the procedure until the end of the payment.

KYC (Know Your Customer)

To legally secure a patient, a lender must complete an identity verification process known as KYC or Know Your Customer. Alchemy’s system connects to various identity verification bureaus to provide the utmost confidence in identity verification.

KYB (Know Your Business)

KYB is important when a lender, finance company or bank onboards a clinic or provider to finance their clients.

Criminals often set up fake medical providers and submit fraudulent claims to lenders to steal millions of dollars marked for medical procedures. Alchemy provides various KYB data sources to verify the legitimacy of the business before they are allowed to apply through the Alchemy system.

Medical Provider Portal

Our Medical Provider Portal is a platform where doctors can onboard clients, request disbursement from lenders, withdraw deposits, and sell additional products and services to clients.

Lender Portal

Alchemy’s Lender Portal provides access to all application information, loan information, underwriting items, and loan management tools to help lenders and patients navigate the rest of their loan journey. loan repayment.

Broker Portal

We provide a brokerage portal allowing brokers to send inquiries directly to their client and match lenders with specific financing.

Brokers can maintain their own branding throughout the application process until the application is handed over to lenders for disbursement and reimbursement.

Payment and customer portal

The Alchemy system leverages both ACH, debit card rail and virtual cards to release payments to clinics for the procedure and withdraw deposits from patients.

We also provide payment reminders via SMS or emails to patients. Patients can log in to their customer portal and make payments.

End-to-end funding platform

The Alchemy system is an end-to-end in-house financing solution to secure the entire spectrum from patient financing to receiving payment for the procedure.

If you are a broker looking for a system to connect patients and lenders, our system can connect those dots with API integrations and transparency.

Learn more about Alchemy’s platforms by visiting our website

Jamal Dessouky
[email protected]

SOURCE Alchemy


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