Financing HBO treatments via Capital One.

December 3, 2004

There have been several post recently about wanting HBO treatments but not being

able to finance them Here is an option that you may not know that seems to

exist that allows you to finance the cost of treatment for upto 5 or 6 years if

I remember correctly. It is through Captial One.

I talked with Capital One on the phone, so I don't have any documentation to

post. But their web site has some information and their is a phone number.

However, initially Capital One did not have a clue on what I was talking about.

So let me give you the background I think you will need to get the answers I was

getting.

Where you will end up is at:

http://www.amerifee.com/cosmetic-surgery-financing/

This is Capital One. Basically, they are doing a signature loan. Basically, a

credit card without the card. The rate is dependent on your credit history,

amount needed and repayment period desired. I was told that it is not uncommon

for them to try new programs in the cosmetic surgery section and that is where

the HBO treatment program is located.

The key for me getting any information from Capital One was knowing of an

existing center that uses their program. I learned about Capital One's offer on

the Rose Center web site. http://www.thejennyrosecenter.com/index-10.html

In the center just under the weekly pay is a comment:

Financing is also available for Hyperbaric Oxygen Therapy. For easy secure

approval visit www.cosmeticfeeplan.com Or call toll-free 24-hours

1-888-440-2375

This link takes to the first link.

Now that you got that you have that background, let me explain some of the

issues that I'm awared of. The HBO Centers must apply to Capital One first. OK

Center owners here is something you can do to make HBO more affordable to those

that need treatment. Apply to Capital One so that option is available. It would

be nice to know from the Center owners point of view what the issues are.

Basically, the centers need to get all the paper work in order. Capital One is

going to send the money to the Center not to the patient. There was also an

issue that from the time you apply until the one payment is made to the center

is not suppose to exceed 60 days. Capital One said this is because cosmetic

surgery is typically a one time treatment not a treatment spread out over 1 or 2

months. You could pre-pay the center. The person I talked with indicated that

they might be additional flexibility but the person whose VM they gave me never

called back so I don't know details. I did not follow up as financing is not an

issue for me, as I have already done the HBO.

Centers would want to do this as it make HBO more accessible and therefore more

business. They will not want to do this because they lose 7.5% in service fees

to Capital One. It is not legal for the Centers to charge the extra 7.5% to

patients using the Capital One program. HOWEVER, it is ok for the centers to

offer a cash discount. So centers raise you prices 8% if necessary and offer a

7.5% discount for cash. (i.e. $150 becomes $162 net after Capital One fee is

$149.85.) So center's price is now $162 and offers a cash discount price of

$150.

I cannot get into the APR as the rates varied depending on amount of money,

term, length of pay back, and individual's credit history. If I remember the

rates were 8% to 15%. Although they indicated most were at the lower range.

This is on top of the 7.5% one time fee, This increases the APR significantly.

Once you get a center to apply and approved then you apply to Capital One

through the center. I did send Rose Center an email and they are not really

using the program. Although this was not said, I got the impression that they

probably set it up for one person and know else knew to ask.

Clearly, it would work for put pull cash out of the house, do a signature loan

with a credit union and/or get an extra credit card or two and do cash advances

or even charge the treatment. The Capital One program is an installment loan

versus a revolving loan like credit cards.

Maybe there is somene out there in the community that used or tired to use this

program that can provide input.

__________________________________________________

December 3, 2004

,

I believe you had spoken to my wife Elaine at our Center one day and you

are correct about the cosmetic plan. We do make the information available to

people who call the Center, for it is an option that can help out. If we

knew about it when we where first doing HBOT for years ago I can't

imagine how much we would still owe on it today LOL. I am reluctant to speak

of the Center to much for the risk of sounding like we are soliciting and

particularly with everything going on within this group these days. I

believe my wife and I had done an intro to ourselves sometime ago, but I'm

not sure, because we belong to a lot of other mailing list as well and it's

hard to keep up. And we do not and will not hide who and what we are either.

I know most can respect that more, for I also know I myself certainly

respect a fair hand shake as well! Still, since you mentioned our Center

here's the scoop right from the horses mouth so to speak:

We have a beautiful little girl name that has had difficulties

almost from birth. She is 11 years old now and has made tremendous progress

not only from HBOT, but from a verity of therapies etc. One thing I can

offer to this group immediately is do as much as you can for your children,

for we know first hand how hard this life is! How expensive, Time consuming

and we certainly know the never ending heart aches that thru out each and

every day never leaves ones mind. People do not kill yourselves and beat

yourselves up each and every day wishing, or think you could do more, or be

better parents and such------do what you can for the people you love and

when you can! and sometimes just have a little simply faith! We wanted to

help others learn what we have struggled thru and found some answers to help

and felt it was important to provide these services to our area.

One can read more about on our site if interested. We are not rich

and do not plan on being so! We have put up our life and life earnings for

this Center. Elaine has left her former position with health insurance etc.

as an assoc. teacher for special needs children to study hyperbarics and

become a CHT prior to opening. I have a regular job for the most part and

work down at the Center on weekends and when I can. Mostly I'm up in my home

office working for the Center late at night as I am now. We do take Medicaid

and other insurances, but it gets a little tricky. Here is what most people

don't either know or won't tell parents about Centers excepting insurance

and treating so called of label HBOT patients as well: As a owner of a

Center you can not bill insurance companies a different price for the same

service you provide to anyone else! It's called insurance fraud. If a Center

can bill/charge insurance $200-$400+ per wound care patient they have little

incentive to take up space in their chambers and charge less money to simply

make less and have more people so to speak. This is mostly why Some places

do not treat special needs children. Or in a like manner , Some Centers will

not except insurance. We do treat wound care patients and if we are going to

keep our prices low (and we do) we have to bill and except that same price

from the insurance companies. Our treatment charge is much less then what is

on our site up until March I think Elaine lowed it to 80 a treatment for

over the Holiday season to help people out, so we even get less from

insurance patient, for we all know they never pay the full amount. Not much

when you must have Doctors on staff as we do when treating for wound care.

Fortunately, we have space and the Doctors make their salary mostly from

their own practices at the Center. Well there we have it--that's the scoop!

hope I don't get a tongue lashing for this one!

Sincerely to all,

O

The Rose Specialized Therapy Center.LLC

[ ] Financing HBO treatments via Capital One.

There have been several post recently about wanting HBO treatments but not

being able to finance them Here is an option that you may not know that

seems to exist that allows you to finance the cost of treatment for upto 5

or 6 years if I remember correctly. It is through Captial One.

I talked with Capital One on the phone, so I don't have any documentation

to post. But their web site has some information and their is a phone

number. However, initially Capital One did not have a clue on what I was

talking about. So let me give you the background I think you will need to

get the answers I was getting.

Where you will end up is at:

http://www.amerifee.com/cosmetic-surgery-financing/

This is Capital One. Basically, they are doing a signature loan.

Basically, a credit card without the card. The rate is dependent on your

credit history, amount needed and repayment period desired. I was told that

it is not uncommon for them to try new programs in the cosmetic surgery

section and that is where the HBO treatment program is located.

The key for me getting any information from Capital One was knowing of an

existing center that uses their program. I learned about Capital One's offer

on the Rose Center web site.

http://www.thejennyrosecenter.com/index-10.html

In the center just under the weekly pay is a comment:

Financing is also available for Hyperbaric Oxygen Therapy. For easy secure

approval visit www.cosmeticfeeplan.com Or call toll-free 24-hours

1-888-440-2375

This link takes to the first link.

Now that you got that you have that background, let me explain some of the

issues that I'm awared of. The HBO Centers must apply to Capital One first.

OK Center owners here is something you can do to make HBO more affordable to

those that need treatment. Apply to Capital One so that option is available.

It would be nice to know from the Center owners point of view what the

issues are.

Basically, the centers need to get all the paper work in order. Capital

One is going to send the money to the Center not to the patient. There was

also an issue that from the time you apply until the one payment is made to

the center is not suppose to exceed 60 days. Capital One said this is

because cosmetic surgery is typically a one time treatment not a treatment

spread out over 1 or 2 months. You could pre-pay the center. The person I

talked with indicated that they might be additional flexibility but the

person whose VM they gave me never called back so I don't know details. I

did not follow up as financing is not an issue for me, as I have already

done the HBO.

Centers would want to do this as it make HBO more accessible and therefore

more business. They will not want to do this because they lose 7.5% in

service fees to Capital One. It is not legal for the Centers to charge the

extra 7.5% to patients using the Capital One program. HOWEVER, it is ok for

the centers to offer a cash discount. So centers raise you prices 8% if

necessary and offer a 7.5% discount for cash. (i.e. $150 becomes $162 net

after Capital One fee is $149.85.) So center's price is now $162 and offers

a cash discount price of $150.

I cannot get into the APR as the rates varied depending on amount of

money, term, length of pay back, and individual's credit history. If I

remember the rates were 8% to 15%. Although they indicated most were at the

lower range. This is on top of the 7.5% one time fee, This increases the APR

significantly.

Once you get a center to apply and approved then you apply to Capital One

through the center. I did send Rose Center an email and they are not really

using the program. Although this was not said, I got the impression that

they probably set it up for one person and know else knew to ask.

Clearly, it would work for put pull cash out of the house, do a signature

loan with a credit union and/or get an extra credit card or two and do cash

advances or even charge the treatment. The Capital One program is an

installment loan versus a revolving loan like credit cards.

Maybe there is somene out there in the community that used or tired to use

this program that can provide input.

__________________________________________________

December 4, 2004

Great post. Looks like I got most of my information correct. I emailed with

Elaine some time back. But what was missing then and here in this post that

other centers would likely love to know is your experience with Captial One. My

memory as a TBI victim isn't perfect but I believe Elaine indicated that not

many patients use this option. Thast doesn't make sense based on what I've been

reading in these post. I strongly believe that information is power.

BTW, I hope you didn't mind me sharing the info. I assumed that it would be ok

based on the reason thay you got into the industry and the fact that I refered

the readers to your web site so they could see for themselves. There had been

two postings one I sent privately and then other I decided it made more sense to

share with all. Thanks for helping to educate the community.

I hope we see postings soon from individuals that were able to use this

information to obtain treatment that they otherwise couldn't afford. Also for

the record I am not trying to promote Capital One but give people more options.

I also suggested people to look into signature loans at credit unions and credit

card offers.

Good luck to all.

oparker@... wrote: