PatientFi, a fertility financing company, and EngagedMD, a patient engagement platform, have announced a strategic partnership aimed at improving access to fertility treatment financing. The collaboration integrates financing education into EngagedMD’s platform, allowing clinics to provide patients with information on funding options early in the treatment process.
The partnership addresses the financial barriers to fertility treatment by offering video modules within the EngagedMD platform. These modules provide patients with detailed information on financing options and allow them to initiate applications with instant approvals for up to $50,000.
Todd Watts, Co-Founder and CEO of PatientFi, stated, “With fertility treatment costs now averaging $12,000 to $15,000 per cycle, PatientFi serves as a catalyst to remove financial barriers for both clinics and their patients.”
The integration aims to streamline the decision-making process for patients and reduce administrative burdens for clinics. By incorporating financing education early in the treatment process, clinics may increase patient conversion rates and help more individuals access fertility care.
A recent PatientFi survey of 1,000 women ages 25-45 considering fertility care revealed that 91% cited cost as a top factor when deciding to move forward with treatment. Furthermore, 53% said it would be the primary reason, and 88% indicated interest in using financing to pay for fertility care.
Jeff Issner, Co-Founder and CEO of EngagedMD, commented on the partnership: “Our partnership with PatientFi allows us to go one step further by not only streamlining patient education but also offering comprehensive guidance on financing options. Together, we’re making fertility care more accessible and less stressful, empowering patients to move forward with confidence and clinics to focus on delivering the best possible care.”
