Device Financing - Overview

Continua has partnered with organizations that can provide financing to eliminate the upfront costs of devices for you and/or your customers.

Benefits:

Reducing the upfront costs makes an RPM program a no-brainer for most practices, with an almost immediate payback.

• No upfront costs - devices are paid off over 12 - 36 months
• Average cost will range from $5 to $9 per device per month
• The lease-to-own structure may have additional tax benefits

Additionally, this program can eliminate the need for RPM companies to finance devices off of their own balance sheet, which is better for cash flow. RPM companies can save hundreds of thousands or even millions of dollars to their cash flow, enabling faster growth with less dilution.

Overview of how it works:

The program is designed primarily for lending to medical practices, although RPM or other services-based companies may also qualify in some cases. Here is the general structure when a medical practice is taking out the loan:

• The medical practice orders devices from Continua after applying for a loan from our financing partner (an RPM company may facilitate this order)
• The financing company (bank) will pay us at the time of the order
• The medical practice will pay the bank on a monthly basis

Medical practices can generally qualify very quickly, even with minimal time in business.

However, in order for an RPM company to borrow directly they will generally need to have been in business for at least 5 years. If you're interested in exploring please reach out and we will set up a call with our lending partners.

Additional Details:

• Loan Amount: Up to $400,000 with a simple application.
• Credit Check: A credit check will be performed as a final step.
• Minimum Order Quantities: A minimum of 50 devices is required (100 or more preferred). Continua may provide credit if all of the devices aren't needed at the time of purchase.
• Financing Multiple Orders: Practices may finance multiple orders (e.g. a practice could finance an order of 100 devices in January and then finance an additional order of 100 more devices in April).
• Timing: In most cases it's recommended that the practice finances devices no more than once every 2-3 months.

To Apply:

Contact support@continuasystems.com. We will send the appropriate application forms after asking a few basic questions.