In 2007, a group of senior healthcare financing executives founded Gemino Healthcare Finance to fulfill the need for specialty financing with the focus on providing senior loans to healthcare service providers nationwide. The senior management team has over fifty years of healthcare finance experience and their team has originated more than $1.3 billion of financing commitments. Gemino has built their business model around relationship0building which has allowed them to maintain a reputation build on responsive service and a relationship-driven outlook. Solar Senior Capital Ltd. acquired Gemino in 2013.
MidCap Financial was founded in 2008 and has continued to operate as a middle market-focused, specialty finance firm. They provide senior debt solutions to companies in varying industries with a specialty in the healthcare space. They offer a number of products used to foster growth and management of capital. MidCap Financial is managed by Apollo Capital Management which is one of the world's largest asset managers with approximately $170 billion of assets under management. MidCap Financial provides market leading industry expertise, market reach, and financing synergies.
American Medical Loans is exactly what it sounds like—a company that provides loans for people who need help paying off medical expenses. The grand thing about these loans is that they can be used for any medical expense.
Essentially, when you apply for a loan from American Medical, you’re asked to estimate your credit score. The company has options for people with the full gamut of credit histories—even those with a score below 620.
You’ve likely heard of Citi, or Citigroup, which owns and operates Citibank and offers services in investing, lending, banking, and other monetary needs. What started in 1812 as the City Bank of New York has expanded dynamically into this well-known global company. Its services are available in 160 countries and to more than 200 million customers.
While Citigroup as a whole has a 200-year history, the company has been involved with healthcare financing for over 16 years alone. Their primary product for this is the Citi Health Card.
Easy Medical Loan (or EasyMedicalLoan.com) is based out of Tustin, California, and is a pretty new company. It was founded in 2012 and specializes in providing loans to customers needing financing for their medical expenses. While they don’t offer any credit financing (such as a line of credit or a medical credit card), their loans can be used for a variety of medical treatments. These include but are not limited to cosmetic surgeries, vision enhancement, and even veterinary expenses.
One way in which this company stands out among others is that it provides financing even for customers who have poor credit or no credit. Though it has its fair share of both pros and cons, this characteristic does make it unique and very useful.
United Medical Credit was founded in 2011 and is headquartered in Santa Ana, California. Essentially, the company has a network of lenders, and when you apply for medical financing you are matched with one of these lenders. Therefore, United Medical is not a direct lender, but they are a resource for being connected with one.
The company strives to help customers regardless of their past choices with credit. Upon applying for a loan, the lender most suited to help you must approved the loan and will then determine the remaining logistics of it—including extra fees, the length of the loan, and your interest rate. UMC is your first stop toward accessing this loan.
AccessOne MedCard was founded in 2001 and has since worked with over 50 hospitals throughout the southeast. Based in Charlotte, North Carolina, this company has a smaller network of providers—mostly in North Carolina but also in various parts of Florida, Georgia, Tennessee, Alabama, and South Carolina. Since their founding, the company has helped over 400,000 clients.
Based on their provider network, AccessOne is a smaller business compared to other healthcare financing companies. Concentrated only in the South, they pride themselves on being operated by a team of former healthcare providers—individuals who understand both sides of the system and truly want to help. With empathy and expertise, they emphasize that they will not deny credit to any applicant, regardless of your credit history.
Med Loan Finance doesn’t offer very much information in the way of their background as a company. It’s somewhat difficult to pin down when and how they got their start. In any case, though, this Kansas-based company offers flexible financing options that may just be your ticket to a peace of mind about your medical bills.
This company has partnered with Visa and MasterCard to be able to provide patients with the equivalent of a credit card with one of these two companies. As a patient, when you are approved for financing with Med Loan, you receive a medical credit card with a certain maximum. To be able to provide this, Med Loan claims employees with extensive financing backgrounds, not to mention flexibility and the willingness to work with patients who have high medical bills and less-than-stellar credit.
Founded in 1999, MedicalFinancing specializes in medical loans but doesn’t dabble in providing credit to patients. Their loans can be used to finance treatments in a wide array of industries, from adoptions to general health care, to cosmetic surgeries.
This company is a relatively small-scale company, being that their loans can only go as high as $35,000. They also have a smaller provider network of 10,000 medical providers but 50,000 overall providers (including medical and other industries). Though they are small-scale, however, the company has been around for over a decade and has plenty to offer.
In 2007 a company called East Bridge Funding was established. Headquartered in Charleston, South Carolina, this company created a program in 2014 called Simple Select—a program meant to help finance medical bills. Under the operation of East Bridge. They are, at the core, simple, and they strive to be fair and smart in the financial assistance they provide. With Simple Select, a loan could bring a lot of relief to your medical situation.