New Duologi platform to offer tailored finance solutions to healthcare sector
A specialist consumer lending company – Duologi – has launched a new platform to offer a range of bespoke finance solutions to the healthcare sector.
Backed by global investment firm, Oaktree Capital, the company offers healthcare providers the chance to improve patient experience, boost treatment accessibility and increase revenues through the delivery of tailored finance options.
From IVF treatment to cosmetic surgery and dentistry, Duologi’s platform allows providers to offer flexible loans to their patients – on 3-60-month terms – many at a 0% interest rate.
Lending decisions are typically made within just four seconds, allowing patients to finance their treatments almost immediately, without burdening healthcare providers with credit risk or bad debt. Duologi’s system can be utilised by patients both in-clinic or from the comfort of their own home, and the treatment balance is transferred to providers just a few hours following approval.
Duologi does not offer a “one size fits all” model. It aims instead to work with its partners on an individual basis to ensure a bespoke service is created for each – without charging set-up costs or monthly fees.
The platform is powered by ground-breaking technology, built from scratch in London, allowing healthcare providers to quickly and simply start offering finance to their patients.
Duologi is led by co-CEOs, John Taylor and Gary Little, who between them count more than 50 years’ consumer lending experience at institutions such as Barclays and Close Brothers. Since launching in September 2017, the business has already secured £100m in annual rolling commitments and has ambitions to have a six-figure lending book within just five years.
Gary Little, said: “We know how competitive the private healthcare sector has become in recent years, so it’s more important than ever that providers set themselves apart from competitors while meeting the needs of today’s cash-strapped consumer. Innovative, user-friendly, finance solutions can do just that; providing patients with the flexibility to access the treatments they want or need and pay back the cost in a way that suits them.”
John Taylor added: “Our experience in this industry means our finance products are backed by decades of expertise and specifically tailored to the way the healthcare sector works. We look at each organisation individually to create an approach that meets their particular needs.
“We are committed to building specialist solutions to help these organisations improve their accessibility and reduce the risk of non-repayment. We are incredibly excited to be launching this product and look forward to working hard to create innovative solutions for our partners.”