The partnership of Med Rep Meeting (Med Rep) and LeasePoint Funding Group (LeasePoint) to launch Med Rep Financing is disrupting an industry long accustomed to inefficiency and unpleasant surprises. To understand why it is such big news that medical reps can now prescreen and prequalify physicians for financing for aesthetic medical devices, consider this: the average med rep spends 3-6 hours discussing a device with a doctor, only to learn at the very end that financing is denied. In many cases, further paperwork, including bank statements or tax returns, might be required before a decision can be made. Peter Skidmore, the CEO of Med Rep Meeting, says that as a former medical rep, he understood these frustrations and decided to solve the problem.

“In the world of medical reps, time truly is money,” Peter explains. “They are under tremendous pressure to book appointments with physicians and make sales. Med Rep Meeting had already eliminated cold calling from the days of medical representatives. We decided to take it one step further and help them to know in advance the profiles of physicians and to prequalify them for up to $350K in medical devices.”

Key to this new ability is Med Rep Meeting’s partnership with LeasePoint, whose Managing Director, Jeff Markim, agrees that the advancement is changing the game for medical representatives. 

“Both Med Rep Meeting and LeasePoint were perfectly positioned to take the uncertainty about financing out of the sales process,” says Jeff. “With Med Rep’s understanding of a medical rep’s challenges and our experience in capital and equipment financing, we came together to be the solution.”

LeasePoint operates a commercial/tech lending platform that capitalizes on the company’s well-established network of more than twenty lenders. The company’s history of successfully assisting businesses obtain credit in a variety of industries meant it could easily jump into the medical rep space. 

“As we are now prequalifying physicians before appointments, working with Med Rep was a great opportunity for us to expand our services and continue to reimagine the financing industry,” Jeff explains. “We expect this will lead to even more innovations that can help clients to save time and money.”

With the medical industry growing each year, Peter states that Med Rep Financing has a strong future.

“We are all about speed, convenience, and simplicity,” he says. “At Med Rep Meeting, we work hard every day to set the trends in our industry and to anticipate – and solve – the problems that medical reps have so that their time is well-spent.”

Med Rep Meeting was founded by CEO Peter Skidmore to put an end to cold calling for medical representatives. Med Rep Meeting handles bookings from A-Z and gives its clients detailed information about scheduled meetings, including food preference and other crucial specifics. Med Rep Meeting is booking over 1,000 meetings each month for its clients, with an average of 100 every day.

LeasePoint Funding Group is one of the most rapidly growing equipment finance companies in the country. With significant equity backing, LeasePoint operates as a hybrid independent funder and lessor; this unique strategy creates diversification, flexibility, and virtually unlimited funding. With roots in Austin, TX, LeasePoint has leveraged local expertise to develop a proprietary loan origination system. Our technology utilizes automated underwriting, one-page documents, and same-day funding to create the fastest and easiest process in the market. LeasePoint is the new standard for speed and simplicity in equipment finance.