Epic River Launches Digital Lending Platform for Credit Unions

Epic River, a lending-as-a-service platform provider, has announced the launch of a new digital platform specifically designed for credit unions. This platform aims to facilitate patient financing by connecting credit unions with healthcare providers, thereby expanding credit unions' lending capabilities.

Key Takeaways:

• Expanding lending opportunities: The platform enables credit unions to enter the growing Lending-as-a-Service (LaaS) market by extending loans to healthcare providers.
• Increased revenue: Credit unions can benefit from increased loan volume and interest income by tapping into a new market.
• Improved cash flow for healthcare providers: Healthcare providers can leverage the platform to reduce the risk of unpaid bills and ensure a stable cash flow.
• Affordable payment options for patients: Patients gain access to affordable payment plans, making healthcare more accessible.
• Strengthened community relationships: The platform fosters stronger ties between credit unions and local healthcare providers, benefiting the entire community.

Overall Impact:

Epic River's digital lending platform presents a win-win-win scenario for all stakeholders. Credit unions gain access to a new market and increased revenue, healthcare providers benefit from improved cash flow, and patients receive affordable payment options. This innovative solution has the potential to transform the healthcare financing landscape and strengthen community relationships.

For more information, you can visit Epic River's website or read the original press releases: