Engagement: What is Wisetack?

Engagement [Modento] has a new Wisetack integration. This article will introduce you to Wisetack and how it can benefit your practice!

Grace Richards avatar
Written by Grace Richards
Updated over a week ago

As a dental practice, you understand the importance of providing excellent patient care, which includes offering flexible payment options for your patients. Many patients are unable to pay for necessary treatments upfront, which can lead to delayed or neglected dental care. Wisetack is a patient financing company that can help you offer affordable payment options to your patients, allowing them to receive the care they need without having to worry about upfront costs.

This is part of the Engagement Module. If you are interested in learning more, CLICK HERE to request a demo!

How is Wisetack Different From Other Financing Options?

  • Speed and simplicity: The application is quick and easy, only a minute or two. It doesn’t require paperwork or repeated calls to the financing provider. This can be a very stressful time for patients, and we ensure that the application process is as quick and easy as possible.

  • Patient-friendly options: Financing terms are transparent. Patient will not have to pay fees of any kind (no late fees, no initiation fees, no early settlement fees, etc.). Wisetack offers interest-free payment plans for dental practices, allowing patients to spread the cost of their treatment over several months. Patients can choose from 3-month, 6-month, 12-month, and 24-month interest-free options, providing flexibility and affordability.

  • How and when you receive payment: Funds will be deposited directly into your bank account within 1-2 business days, thereby eliminating any cash flow issues.

  • Who is taking the risk: Wisetack (the lender) takes on the risk and will not claw back funds from a practice if a patient fails to make their payments. You should rest easy knowing you’ll get paid and keep the funds.

  • The cost to you: Most financing providers charge a small fee in exchange for managing the payment and taking on the risk should the patient fail to pay.

  • The cost to your patients: APR ranges from 0% to 29.99% depending on the patient's credit profile.

  • Integration with your business software: The integration with Engagement [Modento] is seamless, meaning it appears alongside other forms of payment and directly on treatment plans.

Note: 6, 12, and 24-month interest-free options are not available at the 4.9% flat rate.

How Financing Benefits Both Dental Offices & Their Patients

  • Accommodate patients’ needs & care for more patients: Clinics who consistently offer financing close and serve 20% more patients as a result of democratizing access.

  • Grow your practice: A successful lending program creates a meaningful revenue stream for clinics and can reach 25-30% of treatment payments.

  • Empower patients: Bad financing options drive away patients. Patients deserve flexibility and a fair, streamlined experience when it comes to investing in their care.

  • Accommodate patients’ budgets: Don’t let sticker shock affect your patients’ choices. When the price is $90/month instead of $2,000, you’ll put great teeth within reach for more patients.

  • Collect payment with ease: You get paid as soon as the treatment is complete, while Wisetack settles with the patient over time. No tracking down patients for payment and assuming any risk if the patient is late or defaults on the financed amount. You can relax knowing that you’ll be paid no matter what.

  • Offer a superior patient experience: Paying can be stressful for some patients. Put them at ease by offering an incredibly easy and simple financing option that integrates directly into your business management software.

Wisetack Resources

Wisetack provides resources for dental practices to promote their interest-free financing options to their patients. This makes it easy to communicate your financing options to your patients and encourage them to take advantage of them.

  • In the Wisetack Print Shop, you'll find a range of resources to help practices promote patient financing options. These resources include badges that practices can add to their website, printables for practices to have in their waiting rooms or share with patients, and a Wisetack ProShop where practices can order stickers, postcards, flyers, and table tents.

  • Within Engagement, there are a variety of Wisetack social media templates loaded into the Engagement Templates libraries.

Additional Resources

The following resource will give you a more in-depth explanation on how to use Wisetack:

Disclaimer: All financing is subject to credit approval. Consumer terms may vary. Payment options through Wisetack are provided by our lending partners. For example, a $1,000 purchase could cost $45.18 a month for 24 months, based on a 7.9% APR, or $333.33 a month for 3 months, based on a 0% APR. See additional terms at http://wisetack.com/faqs.”

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