frequently asked questions
What is the minimum credit score required for treatment financing approval?
While credit scores are not the sole approval criteria, FICO scores as low as 570 are considered.
How long does it take to set up a provider account?
Our simple provider enrollment process only requires a few minutes. After enrolling your facility, it typically takes our team 1-2 business days to create your new provider account.
Are your solutions HIPAA compliant?
Our compartmentalized approach ensures your applicants receive the strictest confidentiality, including the extra levels of compliance requirements for providers needing to satisfy the regulations governing the Confidentiality of Alcohol and Drug Abuse Patient Records, 42 C.F.R. Part 2, and the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”), 45 C.F.R. Pts. 160 & 164.
What happens if the borrower stops making payments on their loan?
There is no recourse responsibility to the provider if the financing recipient stops making their monthly payments. Continued late payments or non-payment by borrowers are typically reported to credit agencies, and may affect their credit score.
Is Optimum Practice Financial a lender?
Our higher approval rates are possible because we are not a lender but an integrator of multiple lending sources. We currently have twenty-eight loan sources in our system, some that are seeking borrowers with strong credit, and others that are seeking borrowers with more challenged credit.
What treatment providers do you currently work with?
We work with the largest for-profit and non-profit treatment providers in the nation, as well as smaller one-location providers and everything in between. Our solutions can be customized to your needs. To request examples of our provider results by geographical region and facility size, CLICK HERE.