Cherry Technologies: The Future of Payment Plans for Patients and Providers

Introduction to Cherry Technologies

Cherry Technologies is a payment plans company that offers your patients the ability to get the services they want now and pay us over time. That means that you do not have to worry about patients paying you back, as we take on the risk after the sale has been completed. You get paid upfront. This innovative approach to payments allows patients to receive the care they need without the financial burden of paying upfront, and providers can get paid upfront without worrying about collecting payments from patients. In this article, we will discuss the various benefits of using Cherry Technologies and how it can help your practice increase sales and retain patients.

How Cherry Technologies Helps Patients

Cherry Technologies offers several advantages over other payment options. For example, Cherry offers patients more flexibility and choice in terms of payment plans, while also protecting patient information. Additionally, Cherry eliminates the risk of collecting payments from patients, which is a common problem with other payment options. Furthermore, Cherry’s technology is easy to use, and transactions can be processed in under a minute, making it much more efficient than other payment options.

Flexible Payment Options for Patients

Enable “buy now, pay later” for your patients while getting paid upfront with Cherry

Cherry provides payment flexibility to your patients with a buy now, pay later arrangement. Patients can choose a payment plan that best fits their needs, whether it be a shorter term plan with higher monthly payments or a longer term plan with lower monthly payments. This allows patients to receive the care they need without the financial burden of paying upfront and allows them to budget for the services they need. With Cherry, patients can enjoy the services they want now and pay over time.

Ease of Use for Providers

Cherry’s technology is designed to be easy to use for providers. The process of applying for and processing a transaction with Cherry can be completed in under a minute. The combination of a consumer-first approach and frictionless checkout process creates a powerful tool for providers to increase their sales and better retain patients. With Cherry, providers can focus on delivering uncompromised services to their patients, while Cherry handles the rest.

Consumer-First Approach

Cherry has a consumer-first approach that puts the needs and concerns of patients first. This approach is reflected in their easy-to-use technology, flexible payment options, and commitment to approving as many patients as possible. With Cherry, patients can receive the care they need without the financial burden of paying upfront, and providers can get paid upfront without worrying about collecting payments from patients.

Risk-Free for Providers

Contact us for a Free Demo with a Cherry Representative to teach you about Cherry features, benefits, and setup

Cherry takes on the credit risk of every contract initiated through their platform, which means that providers are not responsible for the repayment of their patients’ contracts. This eliminates the risk for providers and allows them to focus on delivering uncompromised services to their patients. With Cherry, providers can increase their sales and better retain patients without worrying about collecting payments from patients.

Quick and Secure Transactions

Cherry’s technology is designed to be fast and secure. Transactions can be processed in under a minute, and all patient information is securely encrypted and stored. This allows for quick and easy transactions that are secure and protect patient information. With Cherry, providers can process transactions quickly and securely, increasing their sales and better retaining patients.

Easy Integration with Your Practice

Cherry can be easily integrated into any practice. The process of applying for and processing a transaction with Cherry can be completed in under a minute. Cherry’s technology is designed to be easy to use and integrate with your existing systems. With Cherry, providers can easily integrate it into their practice, increasing sales and better retaining patients.

24/7 Support

Cherry provides 24/7 support for providers. If providers have any questions or concerns, they can contact Cherry’s support team at any time. This allows providers to get the help they need when they need it, ensuring a seamless experience for both providers and patients. With Cherry, providers can have peace of mind knowing that they have support available to them at all times.

Soft Credit Check for Approval

A soft credit check is conducted on each application to determine approval amounts as well as verify a patient’s identity. This allows Cherry to approve as many patients as possible while protecting patient information. With Cherry, patients can receive the care they need without the financial burden of paying upfront, and providers can get paid upfront without worrying about collecting payments from patients.

Reasons for Denial and Making Payments Options

Cherry will not share individual denial reasons with practices, but reasons for denial can include too low of a credit score, no credit record, recent bankruptcies, etc. Patients can make payments through bank-issued debit or credit card, or through ACH electronic transfer from their checking account. Making payments via credit card or pre-paid debit card will result in a 2.99% processing fee for the patient, while there is no processing fee for making payments via ACH or bank-issued debit card.

Soft Credit Check on Patients

Cherry Technologies conduct a soft credit check on patients, which allows them to see their current credit score but will not hurt their credit. This is done to ensure that patients can afford the repayment plan they choose, while also protecting patient information. With Cherry, patients can receive the care they need without the financial burden of paying upfront, and providers can get paid upfront without worrying about collecting payments from patients.

Reporting Payments to Credit Bureaus

Cherry Technologies may report the status of patients’ accounts to Equifax, one of the major credit bureaus. This is done to help patients build their credit, while also protecting patient information. With Cherry, patients can receive the care they need without the financial burden of paying upfront, and providers can get paid upfront without worrying about collecting payments from patients.

Invoicing Payments

Providers can invoice transactions as they typically would. Instead of accepting cash, credit or other payment, simply use Cherry to fulfill the payment of the service(s). Transaction amounts should be inclusive of any applicable sales tax associated with each transaction. This allows for easy invoicing of payments and ensures that all transactions are properly taxed.

Sales Tax and Transactions

Cherry Technologies ensure that all transactions are properly taxed. Providers can invoice transactions as they typically would and transaction amounts should be inclusive of any applicable sales tax associated with each transaction. This allows for easy invoicing of payments and ensures that all transactions are properly taxed. With Cherry, patients can receive the care they need without the financial burden of paying upfront, and providers can get paid upfront without worrying about collecting payments from patients or handling sales tax.

Contacting Cherry for More Information or Assistance

If providers or patients have any questions or concerns, they can contact Cherry’s support team at any time. Cherry Technologies provides 24/7 support, so providers can get the help they need when they need it, ensuring a seamless experience for both providers and patients. Patients can also contact Cherry for more information about their payment plans, or if they have any concerns about their account. Cherry’s customer support team will be more than happy to assist and answer any queries.

Multiple Approval Amounts

Cherry Technologies provides multiple approval amounts, based on the patient’s credit score. This allows patients to choose an approval amount that best fits their needs and budget. By offering multiple approval amounts, Cherry Technologies helps patients to make an informed decision about their payment plan and ensures that they can afford the repayment plan they choose.

Security Measures

Cherry Technologies takes the security of patient information very seriously. They use the latest security measures to protect patient information and ensure that all transactions are secure. This includes the use of encryption, firewalls, and secure servers to protect patient information and prevent unauthorized access. With Cherry Technologies, patients can trust that their information is safe and secure.

No Hidden Fees

Cherry Technologies does not have any hidden fees. Patients will know exactly what they are paying for and how much they will be paying before they agree to a payment plan. This transparency ensures that patients are fully informed and can make an informed decision about their payment plan. With Cherry Technologies, patients can trust that there will be no surprise fees or charges.

Customizable Payment Plan

Cherry Technologies offers customizable payment plans for patients. Patients can choose a payment plan that best fits their needs and budget. This allows patients to choose a payment plan that works for them, rather than being forced into a one-size-fits-all plan. With Cherry Technologies, patients can trust that they will have a payment plan that works for them.

Easy to Use

Cherry Technologies is easy to use for both patients and providers. The application process is quick and straightforward, and patients can easily choose a payment plan that best fits their needs. Providers can also easily use Cherry Technologies to process transactions and get paid upfront. With Cherry Technologies, patients and providers can enjoy a seamless and easy-to-use payment process.

Final Words

Cherry Technologies is a powerful tool for both patients and providers. It offers patients the flexibility to receive the care they need without the financial burden of paying upfront, and allows them to choose a payment plan that best fits their needs. For providers, it eliminates the risk of collecting payments from patients and allows them to increase sales and better retain patients. With its easy-to-use technology, 24/7 support, and commitment to protecting patient information, Cherry Technologies is a reliable and efficient alternative payment method for any practice. By choosing Cherry, patients and providers can enjoy the benefits of a win-win situation.