Weave, Sunbit Team to Bring BNPL to Small Healthcare Providers

Small-business customer communications platform Weave on Wednesday (May 25) inked a multiyear deal to integrate with buy now, pay later (BNPL) technology portal Sunbit to provide U.S. healthcare practices the option to offer their patients delayed payments.

The partnership brings together Sunbit’s technology and Weave’s communications platform to enable patients to get the care they need when they need it and to pay for their treatment over time, according to the joint press release.

“Collecting payments is one of the most important patient interactions in a small healthcare practice,” said Branden Neish, Weave’s chief product officer, in the company press release. “Bringing Weave’s communications platform and Sunbit’s buy now, pay later technology together creates a solution that helps practices provide a better patient experience while driving more financing revenue each month.”

The Sunbit addition expands Weave’s Payments initiative, which debuted in 2019 as a way to help small practices streamline their payment collection. Weave also offers text to pay, digital wallets, card on file and wireless terminals, the joint press release said.

“Too many patients are delaying dental care, new eyeglasses or necessary pet surgery because of the upfront cost,” said Oded Vakrat, head of platform partnerships at Sunbit, in the company press release.

“We’re excited to partner with Weave so that practices can focus on delivering top-notch care to more patients who now don’t have to worry about how they’ll pay for it,” he said. “With Sunbit technology, 90% of patients are approved, and they can split their costs into manageable payments.”

Sunbit’s BNPL offering is available in more than 13,000 locations across the U.S. The Weave platform is used by more than 23,000 locations across the U.S. and Canada.

Related: Weave Surpasses $1B in Processed Payments

In January, Weave surpassed the $1 billion mark in payments processed through its Weave Payments tool. Weave CEO Roy Banks added that the milestone underlines the importance of effective communication in managing interactions with customers.

Weave Payments offers clients multiple payment options, including in-office payments, mobile card payments, manual card entry and text to pay, which lets customers to pay instantly from a mobile device. There’s also a dashboard customers can use to see which bills are outstanding, which have been paid, which have been refunded and which need to be recorded.