FAQs Elective Medical Financing
No setup fees. No monthly fees. No platform fees.
Elective Medical Financing – FAQs
Frequently Asked Questions – Platform
Elective medical financing is often new to patients and sometimes new to staff. These answers are written to help you address common questions quickly and accurately.
No. Ottri is a technology-only platform. We don't originate loans, make credit decisions, or hold any patient debt. We are financial infrastructure that connects clinics to multiple lenders through a single integration. Lenders lend. Ottri routes.
The cascading decline. Today, when a patient gets declined by one lender, their chances with the next one drop. An application with a 72% initial probability of approval falls to 41% after one decline, 12% after two, and 3% after three. Not because of credit quality, but because of the order. A patient walks away from a procedure they need because their one financing option said no. They rarely come back. Every single-lender setup exposes clinics to this invisible damage. Ottri eliminates it.
One application, one patient experience, lenders taken care of behind the scenes. Our engine routes each application through an optimized sequence of lenders based on credit profile, ticket size, vertical, and lender capacity. If the first lender declines, the next is pinged automatically. The patient never knows. The impact depends on your current setup: clinics with no financing see a massive uplift in closed deals. Those with a single lender see significantly more approvals from deals that would have been lost to decline. Even clinics on another multi-lender platform benefit from Ottri's routing optimization and lender mix.
Pre-qualification is always a soft pull. No impact on the patient's credit score. Some lenders only require a soft pull throughout the entire process. When a hard pull is needed, it only happens after the patient reviews and accepts a specific offer.
Branded under your clinic's identity: their logo, colors, and domain. The patient receives a financing link via SMS, email, QR code, or website embed, completes a 3-minute mobile application, and sees personalized offers. The application page shows "Powered by Ottri," and once a lender is selected, the lender is clearly identified to the patient.
The platform covers a range of products across the credit spectrum: installment loans with fixed terms, promotional rates (like deferred interest or reduced APR periods), and options for patients across all credit tiers from prime to subprime. The specific products available depend on the lenders active in the waterfall and the patient's credit profile. Clinics don't need to manage this. The engine handles product matching automatically.
Frequently Asked Questions – Pricing & Commercial
Elective medical financing is often new to patients and sometimes new to staff. These answers are written to help you address common questions quickly and accurately.
No subscription fee. No setup fee. No monthly minimum. Financing costs are built into the lender's rate sheet as a clinic fee on funded transactions only. Fees vary by product: some products carry zero cost to the clinic, while others have a higher clinic fee but significantly help with conversions and closing rates. Clinics can turn promotions and buy-down products on or off to protect their margins, but lower-cost products typically come with lower approval rates. If financing isn't used, there is zero cost.
No exclusivity. No long-term commitment. Clinics can run Ottri alongside existing financing solutions. That said, Ottri works best when it's the first option tested. Due to the cascading decline effect, approval rates drop the more lenders a patient applies to before reaching Ottri. First position in the workflow gets the best results.
We cover the elective medical vertical: dental, cosmetic, vision, hair restoration, dermatology, and more. Coverage spans all 50 states through our lender network. If there's a specific sub-vertical you're unsure about, check with your Ottri partner manager.
Funding is typically same day or next business day, up to a maximum of 48 hours. Funds go directly to the clinic's bank account.
Frequently Asked Questions – Compliance & Operations
Elective medical financing is often new to patients and sometimes new to staff. These answers are written to help you address common questions quickly and accurately.
During onboarding, clinics sign one agreement with Ottri that includes addendums covering each lender in the waterfall. One onboarding process, one set of paperwork, all lenders activated.
Clinic onboarding takes 5-10 minutes. We collect basic business information, verify credentials where required, and activate the account. No lengthy paperwork, no multi-week integration cycles. Partners with existing clinic portfolios can bulk-onboard.
Yes. Clinics generally need to be an established practice with at least 6 months of operating history. Newer businesses may not qualify initially. As Ottri's volume grows with our lender network, eligibility requirements become more flexible over time. Check with your Ottri partner manager for current criteria.
Yes. Patient loans originated through the platform are non-recourse to the clinic. Once funded, the lender owns the obligation. The clinic receives payment and has no liability for patient default. Specific terms are governed by each lender's program.
Ottri Global LLC maintains all required state registrations and licenses (NMLS ID: 2777966). As a technology platform, we handle the regulatory infrastructure so clinics and partners don't have to. Our legal entity structure separates regulated activity from general operations.
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The Real Cost
Five words that cost your practice $14,000:
“Let me think about it.”
A patient walks in ready for a $4,500 procedure. They hit a payment wall, get declined by your single lender, and leave. They don’t come back. You don’t just lose $4,500 — you lose their lifetime value.
Your patients aren’t saying no.
Your financing setup is.
One application. Multiple lenders. 25-30% more approvals.
Ottri’s multi-lender platform finds patients the best financing option — so they schedule, not stall.
Elective Medical Financing for Practices Across the US
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
Washington DC
West Virginia
Wisconsin
Wyoming
Disclaimer: Financing terms, amounts, rates, and approval are subject to underwriting and vary by program. This content is for informational purposes and does not constitute financial advice.