---
title: How Banks are Helping Hospitals Get Paid
description: Epic River reduces one hospital’s outstanding internal payment balance by nearly 26%, annually. On a $10M balance, that’s $2.6M per year.
image: https://blog.epicriver.com/hubfs/hospitalbill1.jpg
---
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# How Banks are Helping Hospitals Get Paid
Posted by [Norman Woolworth](https://blog.epicriver.com/author/norman-woolworth) | Jul 7, 2021, 11:05:15 AM
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Successfully collecting on **internal payment plans** is one of the biggest problems facing **hospitals** and **healthcare facilities,** today. Fortunately, there is a solution that benefits **medical providers**, **community banks** and -- most important – **patients.**
As a result of the pandemic, hospitals are struggling with lower revenue and underperforming patient pay programs. It’s no surprise then, that there’s a lot of noise about the solution to this problem…or that various third-party companies claim to have the answer.
What’s essential to remember, though, is that to truly be *the answer,* the solution must be clear, simple, and perform in the following ways:
1. Significantly increase the collection percentage on hospitals’ **outstanding internal payment balances**
2. Patient-friendly; not predatory or usury in natureMakes all patients eligible
3. Includes transparent and aboveboard terms
4. Pays hospitals upfront or in a timely manner
5. Comes at little to no cost to **healthcare providers**
Upon researching **Fintech companies,** it soon becomes clear, many offer *some* of these benefits -- only one includes all.
**Epic River**, in Loveland, CO, offers the complete solution and has since 2005.
Working with local banks and healthcare facilities, Epic River streamlines the internal patient payment process.
#### Epic River reduces one hospital’s outstanding internal payment balance by nearly 26%, annually. On a $10M balance, that’s $2.6M per year.
Additionally, Epic River’s Patient Lending platform provides healthcare facilities with money upfront, while benefiting patients and the community banks that serve them.
[Ask about Epic River proprietary savings calculator.](https://epicriver.com/contact-us/) Taking individual healthcare providers’ specific costs and balances into consideration, Epic River calculates the savings potential under the Patient Lending program.
#### Written by [Norman Woolworth](https://blog.epicriver.com/author/norman-woolworth)
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