2013_09_HealthCareCosts3I hate starting 2014 out like this, but it just has to be said, “This healthcare mess cannot continue!”  There.  That feels better.  Except one little thing.  It probably will continue.  And get increasingly messy.

So while most of the nation equates “healthcare” to “obamacare” these days, I couldn’t help but point out the fact that the absurd increases in healthcare costs have been skyrocketing for a lot longer than most people realize.  This chart from an October Huffington Post article shows that this has been going on for decades and there is nothing to suggest that health care spending line is going to do anything but keep going up and we all know that if the GDP and wage lines were going up at anywhere near the same slope, it would be HUGE news.

What does this all mean?  Well to those of us here at Epic River who work on the MyLoans™ team, it means we need to be ready for another big year of installs.  The opportunity for banks to help their customers finance medical procedures without unnecessary overhead and cost burden will only become greater every day and MyLoans™ is still the best way to do it.

When I think about healthcare in 2014 I find myself remembering the old adage “If you don’t have anything nice to say, don’t say anything at all.”  So looking forward to healthcare costs in the next year, I’ll say, “Happy New Year!”

About MyLoans™
By providing patients with fast access to medical loans at a fair and unchanging interest rate, the MyLoans™ software by Epic River enables financial institutions to ease the financial stress of health care through collaboration with medical providers. Not only can medical providers offer patient financing between banks and patients for medical care needs, but doctors and hospitals alike can finally get immediate funding of their patient’s outstanding balances. Additionally, financial institutions gain new customers and interest income with little administrative overhead in exchange for servicing the loan. For more information, visit www.myloans.co.

About Epic River, LLC
Since its inception in 2005, Epic River has been providing high quality software services aimed at solving process-intensive problems. With a focus on high quality and rapid delivery, Epic River’s methodology accelerates the process of innovation while keeping a firm grasp on the business case behind the application, enabling our partners to grow their market leadership. The company’s unique approach to the agile methodology and user experience ensures both parties work closely together every step of the way. Whether you’re looking to expand into new technologies or markets, need a custom internal tool, assistance with architecture, or simply need someone you can trust to make technology decisions, Epic River is at your service. For more information, visit www.epicriver.com.