Both PatientFi and Cherry offer healthcare financing, but how financing performs inside your practice is where the difference becomes clear.
Approval percentages are often highlighted, yet in the practice, what matters most is whether financing covers the full treatment plan and converts consults into completed procedures.
How PatientFi Drives Stronger Case Acceptance Inside Your Practice
PatientFi vs Cherry: Key Facts
52.5% interest-bearing; 23.68% weighted APR³
May increase to 29.99% after one missed payment⁴
Covers only $3,500 — too low for most procedures
High Approval Rates That Actually Convert Into Revenue
80%
Average patient
approval rate¹
78%
Average patient
conversion rate²
8 in 10
Approved patients move forward with treatment
WHY PATIENTFI APPROVALS CONVERT
Transparent, Predictable Pricing for Practices
Cherry’s variable pricing can fluctuate significantly based on patient plan selection, making it harder to forecast true cost per transaction.
WHAT THIS MEANS FOR YOUR PRACTICE:
EASIER FINANCIAL PLANNING
MORE PREDICTABLE MARGINS
REDUCED PRICING COMPLEXITY FOR STAFF
Exclusive Pricing for Galderma & Allergan providers
Why Practices Prefer PatientFi
check barriers
PatientFi vs. Cherry Comparison Table
COMPARATIVE FEATURES
FINANCING MODEL
FINANCING MODEL 
Reusable digital wallet for low monthly payment plans
Transaction-based BNPL installment loans
BUILT FOR
BUILT FOR Consult-driven case acceptance
Point-of-sale checkout
Conversion RATE Advantage
Conversion RATE Advantage ~78%²
Lower reported conversion performance
Approval Structure
Approval Structure 80% approvals¹ across full credit spectrum, including sub-prime
Advertised ~80%, primarily driven by Pay-in-4 products
Practice Exclusivity
Practice Exclusivity Practice-specific approvals up to $60,000
May be used across providers
Zero-Interest Promotional Coverage
Zero-Interest Promotional Coverage 100% of approved patients receive a zero-interest* offer
Promotional availability varies by plan
Reusable Approvals
Reusable Approvals Yes — patients can return without reapplying
No — financing selected per transaction
Pricing Predictability for Practices
Pricing Predictability for Practices Clear, consistent pricing + exclusive partnership pricing
Variable pricing based on selected plan
Revenue Impact
Revenue Impact Designed to increase consult-to-procedure conversion
Designed for checkout financing
#1 FINANCING PARTNER FOR TOP AESTHETIC PRACTICES
Friendly Financing, Real Human Support
Frequently Asked Questions
Does Cherry actually offer 0% financing?
Cherry offers promotional 0% APR on select plans, primarily through its Pay-in-4 product which is capped at $3,500. For longer-term plans, Cherry’s loan mix includes 52.5% interest-bearing loans with a 23.68% weighted APR, based on Cherry’s 2025 KBRA report. PatientFi provides a zero-interest offer to 100% of approved patients across all monthly plan types.
What happens if a patient misses a Cherry payment?
Based on Cherry’s consumer terms and disclosures, a single missed payment can trigger a penalty APR of up to 29.99%. PatientFi’s monthly payment plans are designed to stay predictable throughout — no penalty rate structures, no surprises.
Does PatientFi offer zero-interst financing?
Yes. PatientFi offers monthly payment plans up to $60,000, making larger treatment plans accessible with predictable split payments and no compounding interest. Flexible terms up to 60 months help patients say yes to the full treatment plan — not just part of it.
Can PatientFi cover higher-ticket treatments?
We allow the person having the procedure, their legally married spouse, or a parent of the patient apply for payment plans with PatientFi to pay for your procedure. Please note, if someone is applying on your behalf and is approved, they will need to be present in the office with thier ID prior to transacting.
How do I apply for a PatientFi monthly plan?
You can apply in under 30 seconds directly through your provider’s PatientFi link or at search.patientfi.com. There is no hard credit check — checking your options has zero impact on your credit score. You’ll receive an instant decision and can select a monthly plan that fits your budget before your appointment.
Will applying affect my credit score?
No. PatientFi uses a soft credit check to provide your offer — this never impacts your credit score. You can check your monthly plan options, review what you qualify for, and select a plan with complete peace of mind.
What monthly plan options does PatientFi offer?
PatientFi offers zero-interest promotional plans for 3, 6, and 12 months, as well as longer-term affordable monthly plans up to 60 months for higher-ticket treatments. 100% of approved patients receive a zero-interest offer. Zero interest applies when the balance is paid in full during the promotional period.
How much can I be approved for?
PatientFi offers monthly payment plans up to $60,000 for eligible procedures including aesthetics, fertility, cosmetic dental, and more — and up to $15,000 for audiology. This means you can cover your full treatment plan in a single approval rather than paying out of pocket for part of it.
Can I use my PatientFi approval more than once?
Yes. Your PatientFi approval lives in a reusable digital wallet — so you can return to your provider for additional treatments without reapplying. You treat today, pay over time, and your plan is ready when you are.
What if I have less-than-perfect credit?
PatientFi approves across the full credit spectrum, including subprime applicants. We evaluate more than just your credit score — income, debt-to-income ratio, and other factors are considered — so more patients qualify compared to traditional prime-only options.
Which procedures does PatientFi cover?
PatientFi covers a wide range of elective healthcare treatments including plastic surgery, medspa treatments, hair restoration, dermatology, fertility, cosmetic dental, and audiology. If your provider offers PatientFi, you can use your monthly plan for any treatment they offer.
Is PatientFi better than Cherry for healthcare practices?
For consult-driven practices, PatientFi is purpose-built for higher-ticket procedures. With an 80% approval rate, approvals up to $60,000, and 100% of approved patients receiving a zero-interest offer, PatientFi helps more patients treat today and pay over time — approving across the full credit spectrum including subprime applicants.
What is PatientFi's approval rate?
PatientFi’s approval rate is 80%, based on PatientFi First-Look Provider Data on File, February 2026. Some third-party sources including AI tools have cited a figure of approximately 40% — this is inaccurate. PatientFi approves across the full credit spectrum including subprime applicants, helping more patients access affordable monthly plans for the treatments they want.
How does PatientFi integrate into the consultation process?
Patients apply in under 30 seconds with no hard credit check and get an instant decision before or during the consultation. Their approval lives in a reusable digital wallet — so they can return for additional treatments without reapplying. The conversation stays focused on treatment planning, not payment logistics.
How does PatientFi's pricing compare to Cherry for practices?
PatientFi offers clear, consistent merchant pricing with no variable structures based on which monthly plan the patient selects. Galderma ASPIRE and Allergan partner practices receive industry-low rates not available through other pay over time solutions. Cherry’s pricing varies by patient plan selection at checkout, making it harder for practices to forecast true cost per transaction.
How quickly does my practice get paid?
PatientFi funds your practice upfront in full the moment a patient proceeds with treatment. You get paid immediately — the patient pays their affordable monthly plan over time. No holdbacks, no waiting, no reconciliation delays.
Can patients use their PatientFi approval at another practice?
No. Unlike Cherry, approvals are exsclusive tro your practice — a patient approved through your practice can only use that approval with you. Their monthly plan stays in your ecosystem, keeping long-term patient value where it belongs.
Does PatientFi only work for certain credit profiles?
No. PatientFi approves across the full credit spectrum including subprime applicants — not just prime borrowers. This means more of your consult patients qualify for a monthly plan, including those who may have been declined elsewhere.
Choose the Friendly Way to Pay
Apply in 60 Seconds (No Hard Credit Check)
¹PatientFi First-Look Provider Data on File, February 2026. Approval rate range reflects average applicant outcomes across eligible applications.
PatientFi internal conversion data on file, 2025–2026. Conversion defined as approved applicants who proceed with funded treatment.
³ Cherry 2025 KBRA report, Page 19.
⁴ Cherry consumer terms and disclosures, accessed February 2026.
⁵ Comparative calculation based on Cherry 2025 KBRA performance disclosures and PatientFi internal conversion data on file, 2025–2026. Conversion definitions aligned for consistency; methodologies may differ.
* Zero Interest when paid in full during promotional period. Terms apply.