Overview
As you know, our Hybrid financing programs allow providers to receive a small portion of their cash upfront without losing the benefit of all of the interest income. The hybrid payment report provides a line-by-line summary of each payment made.
Frequencies:
Providers can be set up with an email subscription for the following frequencies:
- Daily
- Weekly
- Monthly
Glossary
| Field | Description |
| HFDID | The unique identifier for the Contract. |
| Contract Activation Date | The date the application turned into an activated Contract. |
| Parent Provider ID | The unique identifier for the Parent Provider, if applicable. |
| Provider ID | The unique identifier for the Provider. |
| Patient First Name | The first name of the patient that applied for financing. |
| Patient Last Name | The last name of the patient that applied for financing. |
| Patient ID | An open text field that can be used by the Provider to enter their systems unique identifier for the customer or order. |
| Loan Type | A field indicating if the loan is a retail installment contract (RIC) or a banking as a service (BaaS) contract. |
| HFD Payment ID | The unique ID for the payment made. |
| Monthly Amount | The monthly amount due on the current contract. |
| Payment Date | The date a payment was procssed on. |
| Payment Collected | The total amount that was collected for a payment before any servicing fees. |
| Servicing Fees | The fee HFD charges for processing payments, communicating with patients, and providing an online portal for self-service. Merchant processing is included in this fee. |
| Net Amount Received | The amount received from the payment after servicing fees. |
| Amount To Investor | The portion of the net amount received that goes to the investor. |
| Amount To Provider | The portion of the net amount received that was sent to the provider |
| Principal Amount | The amount of Gross Payment Collected that was applied to Principal. |
| Interest Amount | The amount of Gross Payment Collected that was applied to Interest. |
| Monthly Installments Paid | The number of monthly installments paid to date based on the monthly amount. |
| Total Payments | The total payments in the contract based on term. |
| Is Cancelled? | This will indicate if the contract is currently in a cancelled status. |
| First Payment to Provider Date | The date of the first payment that the provider will receive a portion of the net amount received based on the terms. |