Financial Growth Epic River

Epic River Blog

The latest news and industry trends

The Hidden Flaw in No-Interest Patient Payment Plans

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.
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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.
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Patient Loans: Your Key to Underserved Banking Consumers

Consumers with little or poor credit, poor repayment histories, and longstanding negative account balances are, understandably, not typically thought of as “ideal customers” for banks and other financial institutions. Indeed, these profiles, along with consumers with low or volatile incomes, have long been flagged as too risky to fully serve.
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Healthcare Price Transparency and its Effects on Your Business

Healthcare price transparency laws have become increasingly popular in the U.S. Indeed, 29 states currently have at least one law on the books related to healthcare providers detailing costs. There is also a growing surge of bipartisan support for more, and better, details to help patients determine value, not to mention the fact that CMS requirement for hospitals to publish a list of charges online will go live on January 1.
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Why Patients Choose Medical Loans

Whether patients have health insurance or not, medical care can be expensive. From daunting upfront costs to high deductibles and copayments, many Americans simply don’t have what they need on hand to cover healthcare costs. Medical loans can close the gap, which is why helping patients connect with a fair and competitive lending program has become important to providers who want to make sure the people they care for stay healthy, both physically and financially.
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Health Insurance Terms to Know

Healthcare providers are increasingly being called upon to help patients navigate complicated insurance terms and service costs, especially those who work in independent practices. The difficulty of handling these aspects of health insurance – or the difficulty of pursuing medical care without it – are among the reasons why many patients avoid paying their bills. To help you and your patients better navigate the labyrinth of insurance terms, today’s blog is dedicated to the explanation of a few common health insurance terms.
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The Two Major Reasons Your Hospital Needs Healthcare Lending Services

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!
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How Can Our Healthcare Billing Platform Improve Your Practice?

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.
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Healthcare Billing Solutions to Help Patients

Have you ever put off getting medical care that you knew you needed? Even those who work in the healthcare industry avoid getting the treatment they need for one reason or another, whether it's due to financial concerns, a busy schedule, or simply a fear of treatment. At Epic River, we believe that finances should never be a hindrance to obtaining necessary medical care, so we set out to break down the financial barriers that patients often face. Our healthcare billing solutions benefit patients and physicians alike, making it easier for individuals to get the care they need to enjoy optimal health.
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3 Reasons Why Healthcare Practices Love Patient Lending

Like any industry in America, the healthcare industry faces many challenges. Recruiting and retaining qualified physicians, driving revenue growth, and encouraging employee engagement are among the most compelling overall. But, for many healthcare finance administrators, revenue cycle challenges are equally daunting. One reason for this is the constant struggle to collect payments from patients, which makes it difficult to maintain a low ‘Days in Accounts Receivables’ (DAR) rate. If this struggle sounds familiar to you, then Epic River is here to help.
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