Buy now, pay later (BNPL) applications in the healthcare space are shaping up to be one of the most effective treatments for the high cost of healthcare, filling affordability gaps across a range of expensive treatments ranging from elective surgeries to dentistry to countless other medical necessities, PYMNTS reports.
One new entrant in this up-and-coming category is TempoPay, a zero-interest credit card from Redesign Health that lets consumers pay off pricey procedures in installments. While not a new idea, the launch of a new healthcare line of credit points to the potential of the concept as well as demand in the marketplace.
Going beyond some other offerings in the market, TempoPay is also a tracking assistant that consumers can use to monitor how much they’re spending on healthcare, and how the card can be used in concert with existing insurance benefits to maximize savings. Read more.
