1. How Medical Lending Helps Commercial Banks Meet Business Objectives

    Banks are vital to a healthy economy just like healthcare providers are essential for healthy citizens. Yet that’s not the only thing these two industries have in common. With the increasing amount of uninsured and underinsured patients and the rising number of high deductible health plans, banks …Read More

  2. How Medical Lending Assists in the Patient-Centric Approach

    Some speculate the high amount of medical debt collections plaguing healthcare providers is associated with the rise in patient dissatisfaction. Many speakers at HIMSS 2018 supported this argument. To improve revenue cycle management, they say, providers must focus on patient-centered strategies. Ye…Read More

  3. 3 Reasons to Use Medical Loan Financing over Peer-to-Peer Lending

    Many patients turn to marketplace lenders to finance medical procedures you can’t afford. That’s because these peer-to-peer loans offer low fees, have easy approval processes, and feature competitive interest rates for applicants with good credit. Yet medical loan financing offers the same benef…Read More

  4. Medical Loan Financing Medical Procedures

    If you need money for care your insurance won’t cover, medical loan financing can help. According to supermoney.com, some of the most common elective medical procedures range from $2,400 to almost $30,000. Insurance companies will help you pay for these procedures, but only if they deem them neces…Read More

  5. Improve Your Bank’s CRA Ratings

    Incentives to Improve CRA Ratings The importance of improving your financial institution’s CRA rating has perhaps never been more keenly felt. Between the rumblings about updating the Community Reinvestment Act from Comptroller Joseph Otting and the U.S. Department of Treasury to the growing advoc…Read More

  6. How to Get Patient Financing with Bad Credit

    Medical loans are a great option for people who have poor or no credit and need medical care now. That’s because these programs offer ways for you to connect with loan providers to help cover medical costs. If you’re interested in getting patient financing with bad credit, here’s how to do it.…Read More

  7. Why You Need Patient Financing to Do No Harm

    If a patient hasn’t paid their medical bill in six months, they won’t pay it at all. According to Becker’s Hospital Review, 64% of patients abide by that rule. People want to take care of their medical bills but, with the rise of high-deductible health plans and out-of-pocket costs, it may see…Read More

  8. Is Administrative Spending Leaving You in the Red?

    It’s no secret that U.S. healthcare is tremendously expensive from every angle — and for every participant. But the reasons behind these expense may be more complex than initially thought. A recent study from The Journal of the American Medical Association cited in The New York Times found that …Read More

  9. How Health Care Loans Help Improve HCAHPS Scores

    Healthcare providers are looking for new ways to improve patient care since patient satisfaction is vital for good HCAHPS scores. One area to focus on is the increasingly estranged relationship between providers and patients. Patients want more information and communication from providers. This is e…Read More

  10. How Medical Lending Helps Connect Financial Institutions with LMIs

    When a financial institution has a poor Community Reinvestment Act (CRA) standing, it may be due to difficulty connecting with low-to-moderate income (LMI) borrowers. CRA evaluations encourage financial institutions to meet the credit needs of all communities in which they operate. This includes loa…Read More