Details and Approval Steps

The details page for an application is the go-to source for all information about an application and for continuing the process once approved.

Application Details

Here, you'll see an overview of the application, including its status, any important dates, and a summary of the information or documents provided when the application was submitted.

Initially, your application will be pending while we perform our automated underwriting process. Within a minute, you should see the result indicated by the status badge in the top right.

If your application is approved or pre-approved, you can move on to our approval steps.

Approval Steps

After you've been approved, you'll be given the option to proceed with our approval steps. We've broken down the process into easy steps to keep it as simple as possible.

1. Review approval
2. Set transfer prices
3. Select payment plan
4. Configure down payment (optional)
5. Send contract

Note

If your application was pre-approved, you may be asked for some additional information before the contract is sent.

1. Review Approval

Please review the approved amount before clicking Next Steps.

Note

Approval is based on a comprehensive evaluation, based on operational history and the credit and medical qualifications of guarantors.

2. Set Transfer Prices

The transfer price is the amount to charge MedShift for the product. Each product configured for your organization has a range of valid transfer prices.

Near the top is a range showing how much you've allocated from your available transfer price. You can change the transfer price of your products as long as the total falls within this range. In some cases, a product will be configured with a set price which you won't be able to change.

3. Select Payment Plan

After you've configured your products' transfer prices, you'll be presented an offer of payment options. To lower your transfer prices or include a down payment to reduce payment options.

You may be presented with a More Info button to configure when the first payment is due. Changing the first payment date may update the payment options.

4. Configure Down Payment

You may specify a down payment to reduce the monthly payment. Click the Update button and enter your desired amount.

There may be a minimum required down payment, but an additional down payment may optionally be provided to further reduce the monthly payment.

5. Send Contract

Once you're happy with everything, click Finalize & Send Contract. You'll be asked to confirm before we email a DocuSign to your customer to be signed. Once sent, you'll be able to track the signing progress of the contract.