1. The Case for Patient Account Financing in Three Charts

    This McKinsey study did a fantastic job of explaining what we have seen in the patient account financing industry for the last five years. Most patients want to pay and are able to pay... ...but don't feel like there are any viable financing options... ...so they move their medical bills down their…Read More

  2. 52% of all debt on credit reports is from medical expenses

    Half of all debt on consumer credit reports is due to medical debt. Medical debt, more often than not, comes from an unexpected event or illness. Let's walk through an extreme, but not unlikely, example. One day a person has a decent job, health insurance, and a savings account. They make all th…Read More

  3. Epic River Patient Lending Answers athenahealth’s Call

    athenahealth’s More Disruption Please (MDP) Network has the stated goal of “disrupting the status quo in healthcare” through partnerships in their Marketplace.  athenahealth’s MDP process ensures seamless integration and implementation with each customer. Epic River Patient Lending began di…Read More

  4. Self Pay Now the Third Largest Payer

    Consumers spent $824 billion for healthcare services in 2014, and out-of-pocket expenses are projected to rise more than $400 billion by 2016. According to the National Association of Healthcare Access Management (NAHAM), self pay has become the third largest payer to medical providers, only behin…Read More

  5. Using Patient Account Financing to Improve Hospital Bond Ratings

    Every month Becker's Hospital Review publishes their list of hospitals that have received credit downgrades. The list can be excruciating to look at because of the mighty repercussions that come from a downgrade. This is especially true if the hospital was about to launch a new construction project …Read More

  6. Have Americans Set Aside $10,000 to Spend on Healthcare?

    The Centers for Medicare & Medicaid Services (CMS) published a report outlining the projected national health expenditures through 2025. “From 2015 to 2025, health spending is expected to grow an average of 5.8 percent a year — 1.3 percentage points faster than the economy, measured by the g…Read More

  7. Building Credit for the Credit Invisible

    The Consumer Financial Protection Bureau (CFPB) continues to encourage financial institutions to help those with limited or no credit histories. This group, referred to as credit invisible, represents one in every ten adults in the United States. These individuals have not had the opportunity or ab…Read More

  8. Will Transparency Unveil a Gap in your Payment Options?

    Investigations into hospital debt collection practices continue to be a growing concern. With the increase in patient responsibility, more and more consumers are struggling to pay their medical bills. These unpaid bills are then reported to credit agencies, which results in angry consumers that …Read More

  9. Your Community Needs You

    I had a conversation with a local medical provider this morning and after we talked I was more sure than ever that if you're a community bank or a regional bank, the community or communities you serve need your help.  Please. The cavalcade of changes to healthcare and insurance these days is just t…Read More

  10. Preparing for Deductibles to Reset

    As 2017 draws to an end, most medical providers are facing two challenges - an influx of procedures from those that have met their deductibles for the year and the dreaded dip in procedures at the start of 2018 as deductibles reset. While the end of year increase can have a positive impact on the re…Read More