Patient obligations are rising and, according to this study, high medical debts are more difficult to collect than low ones.

Work With Healthcare Providers and Their Patients Deposit growth is critical for the success of any financial institution. Without it, banks can’t fund the loans that consumers want and need. However, attracting new deposit opportunities isn’t quite as simple as it used to be. Let’s just say that a free toaster doesn’t go as far as it once did. Instead, savvy banks have been scanning the landscape for unexpected deposit sources, and then marketing themselves as the bank of choice via a robust combination of products and services.

Patient financing is the best way to pay for medical bills.

The patient financing industry is about to experience a period of growth.

Consumers with little or poor credit, poor repayment histories, and longstanding negative account balances are, understandably, not typically thought of as “ideal customers” for banks and other financial institutions. Indeed, these profiles, along with consumers with low or volatile incomes, have long been flagged as too risky to fully serve.

As hospitals and healthcare providers across the country know well, getting patients to pay their medical bills can be a challenge. As we discussed in a recent blog, studies show that healthcare facilities lose hundreds of millions of dollars in unpaid services, and many doctors cite this difficulty for the reason they gave up owning an independent practice. Epic River wants to help your facility find a solution.

Growth and Profit at Community Banks and Credit Unions At the end of every year, pundits like to publish think pieces on banking industry trends. 2019 is no different, so we thought we’d add our hat to the ring with our predictions for what will most impact growth and profit at community banks. Please read on for our five top picks for banking industry trends!

You likely chose a career in medicine because you are dedicated to helping patients and offering high-quality care. But many physicians have seen their roles change as healthcare insurance and patient payment options have evolved. If you don’t want to work as a healthcare professional and a billing specialist, then you are not alone.

Whether patients have health insurance or not, medical care can be expensive. From daunting upfront costs to high deductibles and copayments, many Americans simply don’t have what they need on hand to cover healthcare costs. Medical loans can close the gap, which is why helping patients connect with a fair and competitive lending program has become important to providers who want to make sure the people they care for stay healthy, both physically and financially.

As a healthcare professional, you’ve made a commitment to do no harm. The expectations that come with that promise are clear when it comes to helping a patient’s physical well-being, but what about their financial well-being? Paying medical bills is a challenge for many patients, and collecting on those payments is a challenge for many hospitals and healthcare centers as well. With the Epic River Patient Lending solution, you can ease the process for everyone. Read on to learn the two biggest reasons why your hospital should choose the Epic River Patient Lending solution and contact our team today to get started!