Healthcare industry

Primis Bank plans to sell an undisclosed amount of its 19% ownership stake in Panacea Financial, a digital-only lender focusing on medical professionals and veterinarians. The deal should yield $22 million.

Under federal health plans, categories like dental still have steep out-of-pocket costs, creating opportunities for companies like Sunbit and Ally Lending to provide options at the point of care.

The fintech specializes in lending to dentists, veterinarians and other solo providers looking to grow or establish their own practice.

Emory Healthcare of Atlanta is using RevSpring's platform, which allows patients to key in card data that is shielded from customer service representatives.

The bank is launching a business called Morgan Health aimed at improving employee benefits and promoting health equity, first for JPMorgan’s workers and then for other large companies.

The bank's purchase of AxiaMed gives it a digital gateway to the medical industry, speeding deployment amid growing competition.

The bank's purchase of AxiaMed gives it a digital gateway to the medical industry, speeding deployment amid growing competition.

Payment processing and banking infrastructure provider Episode Six is expanding into the U.S. health care market through a partnership with Nomi Health, which emphasizes a digital-first approach to patient payments.

With the pandemic driving the need for contactless payment options in health care settings, RevSpring has extended its Deviceless Payments offering to include point-of-service payments — turning payments into mobile transactions and bypassing the need for point of sale terminals.

The everyday occurrence of patients leaving medical appointments or hospital stays with no idea what their insurance will cover, what they owe or what payment options exist would change dramatically if health care facilities turn to technology that delivers accurate billing at checkout.

The uncertainty from the pandemic has made costs unpredictable, says Ally Lending's Hans Zandhuis.

Amy Coney Barrett will assume a lifetime appointment on the Supreme Court, just as it prepares to hear a case on the Affordable Care Act that could toss years of advancement in health care payments into disarray.

Baptist Memorial Health Care in Memphis, Tenn., is among the first to enable real-time payment posting into Epic systems and a single deposit that reconciles daily with the Baptist Memorial system.

Cloud-based patient billing provider VisitPay is partnering with the Geisinger Health System to simplify the billing and payments process for both patients and providers.

As health care payments increasingly look like traditional retail payments with various provider-consumer touchpoints, those acquiring hospital and medical clients are also turning to a payment facilitator model to secure contracts.

Covered Care is promising to offer affordable loans to borrowers with credit scores below 700.

Bankers Healthcare Group, which is minority owned by the Tennessee company, is moving beyond its primary strategy of selling health care originations to community banks and will start marketing pools of loans to investors.

Health care payments provider RevSpring has launched software that adds a payment button for patients using its MyChart or Hyperspace portals.

For many small providers, the coronavirus pandemic means falling revenue and rising expenses, as many either shut their doors to new business or staff up to deal with COVID-19 patients. Bankers say that means helping them bridge the cash-flow gaps until they can get back to business as usual.

From helping hospitals purchase new testing kits and ventilators to backing efforts to develop a COVID-19 vaccine, banks large and small are pledging millions of dollars to assist with medical relief efforts.