Ohio based patient financing and lending platform HealthFirst Financial has raised $70m in funding from Umpqua Bank, Columbia Bank, Opus Bank, and Pacific Continental Bank. HealthFirst Financial helps patients finance costly medical fees.
“Many consumers are overwhelmed when they are faced with a medical bill that their budget can’t afford,” said KaLynn Gates, President and Corporate Counsel of HealthFirst Financial. “We help ease that financial pain by partnering with healthcare providers to offer patients a budget-friendly way to pay medical bills. Our new credit line enhances our ability to work with more providers and patients to cope with rising deductibles and other out-of-pocket expenses. We are partnering with many providers now to utilize these funds in their communities.” Too many people face tough choices between paying for care and affording basic necessities, according to recent tracking polls from the Kaiser Family Foundation.