In President Obama’s State of the Union he made several comments about healthcare.  Some were vague and point to the fact that change is going to continue to be slow.  One good example of this was, “For decades, few things exposed hard-working families to economic hardship more than a broken health care system. And in case you haven’t heard, we’re in the process of fixing that.”  Yeah.  I spent almost 10 years in DC.  In my experience, anything the federal government is “in the process of” usually means you’ll forget they were working on it well before they make any significant improvements.  But I digress…

The quote I feel the need to correct him on was much more specific and touched a nerve for those of us on the MyLoans team.  President Obama said,  “A pre-existing condition used to mean that someone like Amanda Shelley, a physician assistant and single mom from Arizona, couldn’t get health insurance. But on January 1st, she got covered. On January 3rd, she felt a sharp pain. On January 6th, she had emergency surgery. Just one week earlier, Amanda said, that surgery would’ve meant bankruptcy.”  The truth of the matter is, one week earlier, if the surgery center or hospital was enrolled in MyLoans, it would NOT have meant bankruptcy.  It would have meant Amanda and the billing clerk at the hospital would have worked together to determine a payment schedule that Amanda could handle and while she would have had a loan payment to make, it didn’t have to mean bankruptcy.

So while those in DC are hard at work spending hundreds of millions of dollars “in the process of fixing” healthcare, we on the MyLoans team continue to churn out release after release to help community banks provide a very real and very tangible solution.  I sincerely would love nothing more than politicians and their policies to fix healthcare, but until they do, MyLoans and our community bank customers will keep holding down the fort by saving real people from very real bankruptcy.

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.