Even before the COVID-19 pandemic, medical debt was throwing the country’s healthcare system into crisis. Now, as challenges with the virus continue, many people are losing their jobs, making it impossible to pay their bills. Add that to a 50-70% drop in patient volume due to coronavirus fears, and 13% of providers worry they’ll be out of business in a month. Struggling to keep the lights on, practitioners are trying a variety of strategies to obtain patient responsibilities – optimizing IT systems, collecting payments at the time of service, using external business offices (EBO) – but it’s not enough. These challenging times require a truly innovative solution.

Your priority as a provider is caring about your patients’ health… and that includes their financial well-being. But what can you prescribe for patients who don’t qualify for your existing financing options? Instead of turning them away or sacrificing 5-20% of your patient’s balance to a medical credit card company, consider a triple dose of success with Epic River’s patient lending solution.

Electronic Medical Record (EMR) integration is a top priority in Epic River’s development plan because it creates a better experience for patients, caregivers, and administrators. These deep integrations allow organizations to pull and push information to and from the EMR, avoiding inefficient duplicate data entry and maintaining data integrity. We now fully integrate with Epic and AthenaHealth, with aggressive plans for more integrations in the future.

As hospital physicians continue fighting the coronavirus on the frontlines each day, doctors running private practices are seeing a drastic decline in patients. Whether it’s fear of contracting the virus or stay-at-home recommendations keeping patients away, the financial impact of this decreased volume is threatening the viability of many healthcare facilities. With no way to predict how long it will take before well visits and elective procedures start up again, cutting costs may help insulate against economic uncertainty.

FOR IMMEDIATE RELEASE

FOR IMMEDIATE RELEASE Loveland, Colorado, April 9, 2020— ProSign Online, powered by Epic River, the simple, secure, and compliant eSignature solution developed for financial institutions, is proud to announce financial institutions now have the ability to embed SBA applications on their websites as well as facilitate SBA-compliant loan closings.

Record low-interest rates and an uncertain economy are driving an influx of new loans and refinancing applications. That means paperwork and lots of it. With the coronavirus continuing to alter everyone’s day to day routines, the ability to make secure, remote financial transactions has never been more important for you or your customers.

We are truly in unprecedented times. The ripple effect of the COVID-19 pandemic has only started to make its way through our industry. With the expected increase in hospitalizations, many affected patients will be responsible for most, if not all, of their deductible in 2020. As you know, business offices feel the effects of spikes in volume after caregivers do.

A growing number of patients are self-enrolling in the Epic River patient lending program and everyone is winning. Patients are getting the care they need with a loan solution they can afford and providers are recouping timely payment for services without the burden of billing. The key to this winning scenario is patient self-enrollment. And it’s more of a game-changer than you might think, here’s why...

Many medical providers have made the shift to outsourcing their patient payment plans. The reason? In-house management can be exorbitantly expensive, inefficient and ultimately a losing proposition for providers.