Business
Everyday People Financial Announces Expansion of EP Care to 50 Dental Clinics Across Canada
Edmonton, Alberta--(Newsfile Corp. - January 17, 2023) - Everyday People Financial Corp. ( TSXV...
About this update from Everyday People Financial Inc
[{"type":"text","content":"Everyday People Financial Announces Expansion of EP Care to 50 Dental Clinics Across CanadaEdmonton, Alberta--(Newsfile Corp. - January 17, 2023) - Everyday People Financial Corp. (TSXV: EPF) (\"Everyday People\" or the \"Company\"), a Canadian-based financial technology and consumer financing company, is pleased to announce that EP Care Inc. (\"EP Care\"), a wholly-owned subsidiary of the Company, has now partnered with 50 dental clinics across Canada to offer the EP Care Program (\"EP Care Program\").The EP Care Program is a new and innovative approach to traditional health and wellness financing. Through partnerships with service providers, such as dental clinics, the EP Care Program offers everyday people access to a wider range of treatment options.\"We're thrilled to see the rapid adoption of the EP Care Program across Canada, proving the need for this unique business model,\" said Barret Reykdal, CEO of Everyday People. \"EP Care provides the patient with an opportunity to receive a wider range of treatment options that otherwise wouldn't be attainable due to insufficient insurance coverage and the high cost of borrowing from third party lenders to pay for oral health treatments. At the same time, the EP Care Program enables health and wellness providers to provide payment options without having to administer the payment process, allowing them to focus on caring for their patients rather than managing the payment process. It's truly a win-win scenario and we're pleased to help the 32% of Canadians with no dental insurance1 gain access to the services they need to live healthier and happier lives.\"Benefits of the EP Care ProgramIn today's economic environment, 54% of Canadians live paycheque to paycheque.2More than one-third of the Canadian population, or 34%, don't have enough money to buy the things they need.2Canadians now owe $1.83 for every dollar they have to spend3 and high interest rate loans materially negatively impact Canadians.Under the EP Care Program, approved patients are able to obtain low-cost loans and repayment terms, for amounts matched to their affordability, with a fixed effective interest rate of 6.6%.EP Care is one of the lowest overall cost providers for dental patient payment plans in Canada.4EP Care reduces financial barriers for patients. For patients that are cost-conscious and/or unable to pa...