Melanie Kim

Recent Posts

Epic River Bridges Healthcare Financing Gap with New Credit Union Lending Platform

on Mar 4, 2024 2:08:00 PM By | Melanie Kim | 0 Comments | Medical Lending Healthcare Finance Online Lending as a Service
Epic River has introduced a new platform designed to connect credit unions with healthcare providers, opening up new avenues for financing in the healthcare sector. This innovative approach aims to benefit both credit unions and healthcare providers by offering a simplified and streamlined lending process. For healthcare providers, this platform can provide a much-needed source of reliable cash flow through patient loans. This can be particularly beneficial for smaller practices or those facing financial challenges. On the other hand, credit unions can tap into a new source of high-quality loans, potentially expanding their portfolio and increasing interest income opportunities. Epic River's solution focuses on making the lending process more accessible and efficient. By facilitating loans between credit unions and healthcare providers, the platform indirectly supports patients by offering them more manageable payment options for medical bills. This new platform could mark a significant shift in healthcare financing, demonstrating the potential of collaboration between financial institutions and healthcare providers. As the healthcare landscape continues to evolve, innovative solutions like this could play a crucial role in ensuring financial sustainability and accessibility for all stakeholders.
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Podcast: Bankadelic's Valentine's Day Lovefest 2024 Ep. 142

on Feb 16, 2024 2:10:00 PM By | Melanie Kim | 0 Comments | Podcast Feature Bankadelic Financial Education
In this special Valentine's Day episode of the Bankadelic podcast, host Lou Carlozo continues his conversation with banking leaders and innovators about their passion for the industry. Guests share their "love stories" with banking, discussing what drew them to the field and what keeps them motivated. The episode features a diverse range of perspectives, from seasoned executives to rising stars. Each guest shares unique insights into their experiences and the challenges and opportunities they see in the industry's future. Key themes explored in the podcast include: The importance of purpose: Many guests emphasize the importance of finding meaning and purpose in their work, whether it's helping customers achieve their financial goals or driving innovation in the industry. The power of collaboration: Collaboration is highlighted as a key factor in the success of any banking organization. Guests discuss the importance of building strong relationships with colleagues, customers, and partners. The need for continuous learning: The banking industry is constantly evolving, and guests stress the importance of staying ahead of the curve by embracing new technologies and ideas. Overall, this episode of Bankadelic offers a heartfelt and inspiring look at the people who are shaping the future of banking. It's a must-listen for anyone interested in the industry or looking for a little Valentine's Day cheer.
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Finopotamus' 2024 Wish List Featuring Epic River's Jeff Grobaski

on Dec 25, 2023 2:11:00 PM By | Melanie Kim | 0 Comments | Blog Credit Unions
In this first installment of Finopotamus' annual "Holiday Tech Wish List" series, fintech and credit union executives share their technology aspirations for 2024. Philip Paul, CEO of Cotribute, highlights the need for streamlined account opening processes for credit unions, emphasizing the importance of automation and a seamless user experience to attract and retain members in the face of competition from consumer fintechs. Other executives, including Epic River's CEO, Jeff Grobaski, also share their wishes, ranging from integrating advanced technologies to enhance operational efficiency to adopting solutions that prioritize profitability and member satisfaction. The series promises to offer valuable insights into the evolving technology landscape for financial institutions and the innovative solutions they seek to implement in the coming year.
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Podcast: CU 2.0 Episode 276

The U.S. is facing a medical debt crisis, with 41% of adults owing money for healthcare. Many feel hopeless about ever paying it off. However, a Colorado-based company, Epic River, has an innovative solution. Epic River partners with credit unions to take on unpaid medical bills from hospitals. Surprisingly, the credit union takes on zero risk, even without checking borrowers' credit scores. If a debt seems unlikely to be repaid, it's returned to the hospital. This model seems too good to be true, but it works. The credit union's default rate is only 7%, meaning 93% of debtors are making payments. This success is partly because many debtors have good credit scores and want to avoid damaging their financial standing. This unique approach to medical debt relief offers hope for both healthcare providers and patients. To learn more, listen to the CU 2.0 podcast episode featuring Epic River's CEO and the Chief Lending Officer of Clarity Credit Union. It's a financial innovation you won't want to miss!
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Epic River Takes Home TrueSpace's 2023 Alignment Award

on Oct 17, 2023 4:45:00 PM By | Melanie Kim | 0 Comments |
Lending-as-a-service (LaaS) platform Epic River has been recognized by TrueSpace for its outstanding commitment to financial institutions (FIs) with the 2023 Alignment Award. The award highlights Epic River's dedication to helping FIs expand their lending capabilities and improve the financial wellness of their account holders. Key Points: Recognition for Commitment: Epic River's win underscores its commitment to aligning its services with the needs of financial institutions and their customers. Focus on Financial Wellness: The company's innovative patient financing platform was cited as a key factor in the award decision, demonstrating its commitment to improving financial wellness. Building Strong Partnerships: Epic River's emphasis on fostering strong partnerships with FIs and healthcare providers was also acknowledged, emphasizing the collaborative nature of its approach. Positive Impact on the Industry: This award highlights Epic River's positive influence on the financial services industry, showcasing its innovative solutions and commitment to customer-centricity. Overall: Epic River's win of the 2023 Alignment Award from TrueSpace showcases its commitment to helping financial institutions grow and serve their customers better. The company's focus on innovation, collaboration, and financial wellness sets it apart as a leader in the lending-as-a-service space. This award serves as a testament to Epic River's dedication to driving positive change in the industry.
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Podcast: Bankadelic's Third Annual Bank to School Special Ep. 125

on Sep 5, 2023 4:37:00 PM By | Melanie Kim | 0 Comments | Podcast Feature Bankadelic Financial Education
Bankadelic’s “Bank to School” special episodes have ranked among our most popular over the years, and our five guests this time around raise the GPA to new heights. Join Professor Lou as he quizzes them about 2023’s teachable moments, the banking industry’s honor-roll-worthy innovations, their agendas for learning — and the best excuse each one had for not turning in their homework. This podcast is also featured in Talking Biz News - Heath Freeman’s continued newspaper greed, Sacramento Mag shutters, Qwoted 100 superstar: TBN Ticker for Sept. 8
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Epic River to Share Patient Lending Expertise at COCC New York

on May 9, 2023 2:07:00 PM By | Melanie Kim | 0 Comments | News
WHERE: The COCC New York Event will take place from Sept. 27 to 29, 2023. Epic River will present on Thursday, Sept. 28 from 1:00 to 2:00 p.m. EST at the Otesaga Resort Hotel in Cooperstown, N.Y. Epic River, a prominent player in patient financing solutions, is set to present on patient lending at the upcoming COCC New York Client Meeting. The presentation will delve into the intricacies of patient lending, exploring how credit unions can leverage such programs to strengthen member relationships, expand their loan portfolios, and drive interest income. The partnership between Epic River and COCC, a leading financial technology provider, allows credit unions to tap into a wider pool of loan volume and an additional revenue stream. Simultaneously, this collaboration empowers hospitals to provide their patients with affordable financing options, thereby enhancing the overall patient experience. The event will offer valuable insights into the evolving landscape of patient financing and the pivotal role credit unions play in bridging the gap between healthcare providers and patients. By attending, financial professionals can gain a deeper understanding of how patient lending programs can benefit both their institutions and the communities they serve.
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