Sunbit is the partner of choice in dentistry based on financial technology's usability, patient-centric approach, and access to true no-interest plans
LOS ANGELES, May 25, 2023 /PRNewswire-PRWeb/ -- Sunbit, the company building financial technology for everyday expenses, has rapidly become the financing technology partner of choice for DSOs, independent practices and dental industry groups. Working with Sunbit helps to deliver better financing experiences for patients, practices, and front office teams alike. Practices such as Let's Go Dental have reported experiencing lifts in production of 50%, based on Sunbit's fast, intuitive experience, suitability for virtually every patient, and unparalleled access to true no-interest plans. Sunbit also offers integrations with leading patient experience-focused dental software products.
"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 between $50 and $20,000, with payment plan options ranging from 6 to 72 months. All qualified applicants get access to 6-, 9- and 12-month, true 0% interest payment plans at participating practices. Sunbit technology powers the simple 30-second application process, with more than an 85% approval rate, which is among the highest in the industry.
Sunbit's "Sunbeast" enablement program now includes nearly 30,000 dental professionals certified to offer Sunbit to patients. Unlike many vendors, Sunbit's investment in training is significant. There is a formal certification program as well as continuing education and engagement programs offered through an online knowledge center, ongoing training events, 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 so they have the tools to offer Sunbit's technology to every patient, at every transaction.
Sunbit builds financial technology for real life. Our technology eases the stress of paying for life's expenses by giving people 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 more than 19,000 service locations, including auto dealership service centers, optical practices, dentist offices, veterinary clinics, and specialty healthcare services. Sunbit was included on the 2022 Inc. 5000 list. The financial technology company has also been named as a Most Loved Workplace®, Best Point of Sale Company, A N.A. Deloitte Technology Fast 500 company and as a Top Fintech Startup by CB Insights. Loans are made by Transportation Alliance Bank, Inc., dba 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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Bridget Stasonis, for Sunbit, 813.300.2905, [email protected]
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