In episode 77 of The Payments Show Podcast, I spoke to Todd Watts who is the CEO and Co-Founder of PatientFi.
PatientFi partners with US healthcare practices to remove cost barriers by offering patients friendly monthly plans, so more patients can say yes to the elective procedures they want.
VIDEO and PDF Transcript:
- https://thepaymentsshow.substack.com/p/77
Summary of topics discussed:
[02:41] - Growth Projections for Treatments
[03:35] - Overview of PatientFi
[07:38] - Profit Margins in Aged Care vs Looking Youthful
[09:17] - Regenerative Procedures: Winding Back the Clock
[10:29] - General BNPL vs PatientFi
[15:59] - PRIVI - Customised Plans for Non-Invasive Treatments
[18:59] - Scheduling for Optimal Theraputic Results
[21:17] - Benefits for Medical Providers
[21:45] - Loyalty to Medical Practice
[22:09] - Sell a Medical Practice More Easily with a PRIVI Customer Base
[23:27] - Selling on Value Not Price
[25:23] - Medical Staff Skills: A Tiered Approach
[28:16] - Challenges with the US Healthcare System
[29:52] - PatientFi's Focus on Discretionary and Elective Treatments
[31:16] - Benefits of the Free Market vs Reimbursed Care
[34:36] - Too Much Friction Between All Stakeholders
[37:02] - Customer Success Stories
[39:58] - The Future: Dentistry, Fertility and PRIVI
[42:17] - A 10-Year Prediction: Acceptance
[44:26] - Get in Touch with PatientFi
[44:38] - Chit Chat
And much more…
Details:
- Recorded on 27 Jun 2023
- Host: Satwant Phull
- Guest: Todd Watts, CEO & Co-Founder, PatientFi
[Next Steps]
- Get in touch with Satwant: digitalmoneylab.com
- PatientFi: patientfi.com