/Jeff Grobaski

About Jeff Grobaski

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So far Jeff Grobaski has created 25 blog entries.

I Know It’s the Trend in Hospital Revenue Cycle, But…

By | March 1st, 2016|FI, Providers|

...you've got to be careful just getting a patient's credit card and adding to it every time they have a bill.  In a recent Harris Poll conducted on behalf of the finance website NerdWallet, they found a number of surprising statistics.  The most interesting thing to us is some people don't know how much credit card [...]

A New Delay to Patient Account Collections

By | February 5th, 2016|News, Providers|

The credit bureaus have agreed to implement a six-month delay before reporting medical debt on a consumer's credit report.  This sounds great for consumers, but I've always been concerned with downstream ramifications. Cash rich hospitals and hospital systems will be just fine. They'll barely notice another six months before collections kick in. But what about [...]

Let MyLoans fill the hole left by indirect auto financing

By | March 12th, 2015|News|

Is it really worth 1%? And by "it" I mean indirect auto financing.  I understand that its been around forever, but this paragraph from the FDIC has me realizing why so many MyLoans customers use patient financing as a consumer lending alternative to failing or failed indirect auto financing programs. Competition in the automobile lending market, driven [...]

The results are in!

By | March 6th, 2015|News|

The award for Best Software for New Revenue in a Financial Institution goes to...........MyLoans! Ok, that might have been a bit predictable given the site I'm writing this on, but the numbers don't lie. From January 1st, 2014 until December 31st, 2014, financial institutions embracing patient financing through MyLoans have enjoyed the following successes: Average interest rate per [...]

Harvard Business Review is Right – Lending Technology is the Key

By | October 8th, 2014|News|

A recent Harvard Business Review article postulated that lending technology could play a significant role in reviving America's small businesses.  It's a captivating read.  They pull out some fascinating numbers like these charts to show just how hard hit small businesses were and how long the road to recovery can be.  As a founder of Epic River, I [...]

Payday Loans as Patient Account Financing? Are you kidding me?

By | September 11th, 2014|News|

Seriously.  I think John Oliver and Sarah Silverman said it best when they said, "Do.  Literally.  Anything else." I was absolutely astonished to learn that one of the primary uses for payday loans is to pay medical bills.  I have a hard time coming up with a worse way to pay for a medical procedure than [...]

Time to Connect at the D+H User Conference #Connections14 #MyLoans

By | August 26th, 2014|News|

Stop by and see Jessica and Mark from the MyLoans team at the D+H (formerly Harland Financial Solutions) annual user conference.  We're at Booth #22! The Connections conference is a fantastic place to learn and connect with some of the best banks, credit unions and software providers in the financial institution industry!  If you're not here this [...]

MyLoans + AWS = Great News for Patient Account Financing

By | July 15th, 2014|News|

Amazon Web Services (AWS) has been slowly but sure dominating the cloud hosting world.  Today MyLoans™ Patient Account Financing team is proud to announce it now fully supports AWS deployments.  Utilizing the Relational Database Service (RDS),  Simple Storage Service (S3) and Elastic Compute Cloud (EC2) MyLoans can now be deployed in seconds with no capital [...]

Use Patient Financing to Kick-Start a New Branch

By | May 30th, 2014|News|

Expanding your footprint into a new market area can be tricky to say the least.  Jumping off takes some very fuzzy math and guesswork.   We have recently learned from a customer that MyLoans™ Patient Financing can actually take a lot of the guesswork out of opening a new branch and improve the odds of success. [...]

New source of high yield, low risk consumer loans

By | April 2nd, 2014|News|

After a two year controlled, measurable launch with six financial institutions, MyLoans announces its' national rollout. MyLoans, is a web based software a Financial Institution can use to book new, consumer loans, capitalizing on its existing health care provider customer base.  These patient loans reduce a provider's outstanding accounts receivable, enhancing cash flow.  As a new interest income opportunity, it may be structured [...]