Millions of credit-challenged Americans can now finance the gift of hearing
San Francisco, CA – April 3, 2018 - Sycle has partnered with BoonFi to offer hearing-aid financing for patients declined by traditional banks and prime and near prime lenders. The partnership includes a complete integration within the Sycle software platform, enabling hearing health providers to easily and quickly provide financing to their patients with no extra work. BoonFi is designed specifically for patients that are credit-challenged, living on fixed-income or limited-income budgets, or simply want to spread one large lump sum payment into smaller more affordable monthly payments.
BoonFi’s state-of-the-art underwriting platform integration within Sycle enables providers to pre-qualify patients when making patient appointments, allowing providers to best offer patients access to hearing devices within their price range and budget. BoonFi pre-qualification is a soft credit check that does not affect the applicant’s credit scores and provides instant pre-qualification decisions. This partnership helps Sycle continue to deliver best-in-class provider and patient experience by significantly helping providers increase their device sales while delivering increased access to hearing-aids for more patients.
Ridge Sampson, CEO of Sycle, states, “We integrated a patient financing tool into Sycle a few years ago and it quickly became one of our most popular solutions. We’re always looking for ways help improve access to hearing health care. Our mission is to facilitate the delivery of better hearing to the world. Partnering with BoonFi to extend the option of financing to even more patients made perfect sense and we couldn’t be more excited.”
“BoonFi looks forward to being of service to Sycle’s 20,000 daily users by helping eliminate the “sorry, you were declined” patient experience for the 45+ million Americans that do not qualify for prime-financing programs,” shared Kyle Ferguson, CEO of BoonFi.
About Sycle
Sycle is the number one practice management software in audiology with over 7,500 clinics and 22,000 users logging in everyday from all around the world. Access Sycle from anywhere. Use your computer, tablet, or smartphone to book appointments, review patient files and analyze reports. Sycle simplifies running your practice by automating processes and eliminating double entry. Sycle’s mission is to facilitate the delivery of better hearing to the world. Sycle was founded in 2001 and is headquartered in San Francisco, CA with offices in Vancouver, BC and Birmingham, AL. Sycle’s team of 128 employees is dedicated to helping hearing care professionals simplify business processes so they can spend more time with patients.
About BoonFi
BoonFi is a market-leading second-chance financing provider. Via a cutting-edge technology platform and proprietary underwriting algorithms, BoonFi custom designs and manages alternative financing programs for strategic partners. BoonFi empowers customers that are ignored and declined by traditional lenders, exclusively serving the underserved 45 million Americans that do not qualify for prime-credit programs. Learn more at BoonFi.com
