High costs have become emblematic of the American healthcare system. From compensating surgeons for long, complex procedures to fees for tests and administrative processes to the cost of simply staying overnight in a hospital, it’s not hard to rack up a heart-stopping bill, especially if a patient requires intensive medical care. As a healthcare provider, you may have seen for yourself how many people will delay or refuse care because of the expense. A fair, reliable health credit service like the Epic River Patient Lending program can give you the opportunity to help your patients stay healthy, both physically and financially.

Healthcare in the U.S. is expensive — we all know that. We put a high premium on the time, effort, and skill of doctors, nurses, and administrators, and time spent in the hospital can quickly lead to a big bill. As a healthcare provider, you have dedicated your career to helping your patients, and with the right programs and partnerships, you can now extend the “do no harm” principle to your patients’ finances as well as their physical health. The Epic River Patient Lending program is made to benefit providers and patients alike with easy, low-interest loans and user-friendly software.

No-interest patient payment plans have long been thought of as great solutions for patients who can’t afford immediate payment. On paper at least, these types of plans seem legitimately beneficial, and healthcare providers and medical billing staff across the country truly believe that these plans are helping patients absorb the potentially disastrous financial impact of high-cost treatments. They believe it, or else they wouldn’t be offering them.

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!

Does your medical office struggle with finding the right balance between providing patients the affordable care they need and maintaining efficient healthcare billing and revenue cycle management? If so, you aren’t alone. The American Hospital Association reports that community hospitals provided more than $38 billion in uncompensated care to patients in 2016, undoubtedly leaving many medical professionals unpaid for their services. Finding a solution to this problem is challenging, but finding and implementing the right healthcare billing platform can help.

If your physician’s office is plagued with a large number of accounts that have an outstanding patient responsibility, then you likely know the negative impact late payments can have on your cash flow. Managing your revenue cycle efficiently and reducing your days in accounts receivable (DAR) is essential to having the funds you need for office improvement, employee training, and other expenses that ultimately contribute to patient satisfaction. Requiring payment at the time of service is a sure way to lower your DAR, however, this is not a feasible option for many providers and patients.

Whether it is for a routine preventive health exam or treatment for a medical condition, everyone needs to go to the doctor at some point. Unfortunately, not everyone can afford to pay the medical bills associated with their treatment, leaving many Americans drowning in medical debt. In fact, a recent study concluded that nearly 43 million people in our country have unpaid medical debts. There are many reasons why a patient’s medical bills may go unpaid and in today’s post, we’ll review a few of the more common causes of the troubling impact this has on both personal bank accounts and the larger economy.