Medical Loans: A Growing Demand For Optometrists

Considering the high cost of living and medical aid prices in South Africa, people are struggling to keep up. For those without medical aid or who aren’t fully covered for eye surgery or prescription glasses, the outlook is rather bleak. This brings us to medical loans or medical financing which are becoming increasingly popular in the healthcare industry and a glimmer of hope for many.

Optometrists in South Africa know first-hand the rising costs of prescription glasses and procedures including laser eye surgery. While the financial implications are important, optometrists should also try and educate their patients more. Understanding the common causes of low vision and effective eye care tips could help improve their quality of life.

Patient Education: Common Causes Of Low Vision

Poor vision can be the result of many factors such as genetics, age and a patient’s personal environment. Here are some bad habits your patients should avoid:

  • Reading the small text on smartphones or tablets can strain eyesight and cause vision problems
  • Frequently rubbing eyes could lead to broken blood vessels under the eyelids
  • Not eating a diet containing fruits and vegetables with zinc, omega-3 fatty acids, and vitamins C and E
  • Drinking too little water can lead to dry, puffy and red eyes
  • Smoking cigarettes is linked to macular degenerations, cataracts, diabetic retinopathy and other dangerous diseases
  • Not regularly wearing sunglasses outside exposes eyes to harmful UV and high-energy visible (HEV) rays
  • Not getting enough sleep (less than 6-8 hours) can cause dry, bloodshot eyes and blurred vision

To ensure good health: Eat lightly, breathe deeply, live moderately, cultivate cheerfulness, and maintain an interest in life.

- William Londen

Promoting The Importance Of Eye Tests

Not everyone understands the importance of regular eye tests and, as an optometrist, it is your responsibility to keep patients informed. A regular eye check is essential as it can help detect diseases early on including glaucoma and macular degeneration. What your patients may not know is that regular eye tests can also identify certain health problems such as diabetes, cholesterol and high blood pressure.

Another important point to highlight is that some conditions are hereditary and that regular eye tests can help keep their eyes in check. If your patients are complaining about headaches, certain types could be linked to excessive eye strain or optic nerve swelling. Put their minds at ease by performing an eye test to check the optic nerve and measure eye pressure to rule out acute glaucoma.

How Do Medical Loans Work?

Medical loans are personal loans specifically designed for elective procedures, including Optometry. It provides patients with viable options to finance their unplanned medical bills, especially if they don’t have medical aid, their plan doesn’t cover certain procedures, or they don’t have sufficient savings.

Medical loans are the smartest way to help patients pay for medical goods, surgeries or procedures that they otherwise can’t afford in their time of need. What makes it different from normal bank personal loans is the complete confidentiality involved, the quick online application process, as well as the fact that the loan provider pays the medical practitioner directly to speed up the delivery of the related medical procedure.

It covers any medical procedure, optional surgical procedures, shortfalls on medical aid pay-outs and any other medically related costs not covered by your medical aid, such as post-operation consultations, treatments, and required medical devices, including spectacles. Medical loans even cover laser eye surgery.

Affordable Medical Loans South Africa

MediFin is an independent, fully compliant and self-funded authorised Financial Services and Registered Credit Provider. They offer patients affordable medical loans which can easily be applied for to finance medical procedures from registered South African doctors and medical professionals or other healthcare practitioners. The funds can be used to cover either the full or partial procedure cost or associated medical bills.

Applying for medical finance through MediFin is as easy as filling out an online form. Approval is also exceptionally fast as patients can receive it while waiting at your practice. To apply for financing with MediFin, all they need to do is follow the simple instructions on your website and you can start helping them change their lives for the better.

How Can Optometrists And Patients Benefit From Medical Loans?

Medical bills are a major contributor to anxiety, stress and daily survival in these current economic conditions but medical loans can help ease the burden. With loans available, patients can better manage their health care costs while optometrists can also benefit in more than one way.

Patients who require prescription glasses, prescription sunglasses, frames, contact lenses or eye surgery, for example, need medical financing. This is what makes access to affordable medical loans a necessity for patients and for the optometrists treating them.

Patient Benefits

Offering medical loans for all things related to eye care will help your patients focus more on their health and less on trying to manage medical aid approvals and financing.

  • Loans are available from as little as R1,000 up to R150,000
  • Loans are paid out to optometrists within 24 hours
  • Instant pre-approval
  • They can receive funds for eye surgery or prescription glasses much faster than waiting for medical aid to decide whether it is covered or not
  • Medical loans do not require patients to have collateral or pay a deposit
  • In many cases, medical loans offer better financing options and rates than credit cards
  • Patients can use money from the medical loan to pay for other medically related expenses

Benefits For Optometrists

For optometrists, the overall goal of medical financing is to provide patients with payment options when they need it most. Having solutions available to them will help patients feel more comfortable with their options and financial situation. Here is how optometrists in South Africa can benefit:

  • Optometrists get paid upfront and in full
  • No commission, costs or fees to the practitioner
  • Help improve general patient care
  • Increase patient engagement
  • Increased cash flow as more people can afford products and services

Recommended Article: ‘Reasons To Join The MediFin Partner Network’

How To Join The MediFin Partner Network

At MediFin, they believe that partnership is the only way to do business successfully and that is why you can join their partner network of medical professionals for free. They already have thousands of healthcare providers in their fast-growing partner network, including hundreds of Optometrists in South Africa including Neovision, Torga Optical and Vision Works Optometrists among many others. Join MediFin by completing this form and start making a difference today.

Get in touch with MediFin if you would like more information on how it all works or to learn more about MediFin Insurance. They also offer Gap Cover which is available in three different options – MediGap Prestige, MediGap Proper and MediGap Primary.

Good health is the foundation of a country’s human capital, and no country can afford low-quality or unsafe healthcare.

- World Bank Group President, Jim Yong Kim