Vatorx2
eMedical Lending, Inc.
Location: 2101 Roscrans Ave, Ste 5250, El Segundo, California, United States United States
Founded in: 2006
Stage: Revenue generating
Number of employees: 1-5
Short URL: vator.co/emedical-lending-inc
Followers (2)
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eMedical Lending, Inc.

The choice is yours.
Startup/business
El Segundo, California, United States United States
http://www.emedicallending.com
  • About
Company description
eMedical Lending (EML) is an online lending platform that creates a transparent marketplace for the $58 billion U.S. elective healthcare industry.  We connect patients with a network of lenders through our relationships with medical providers and our proprietary web-based technology solution. 
Team
Business model
  

eMedical Lending (EML) is an online lending platform that creates a transparent marketplace for the $58 billion U.S. elective healthcare industry.  We connect patients with a network of lenders through our relationships with medical providers and our proprietary web-based technology solution.  Medical providers, patients, and lenders experience the following pains:

  • Consumer loans are approved for less than 40% of applicants
  • Medical staff waste time and resources working with numerous 3rd party lenders
  • Medical providers lose 5-13% of their revenue from fees currently charged
  • 3rd party financing companies offer medical offices little or no customer service
  • Patients are forced to use cash savings or high interest credit cards
  • Lenders have limited access to elective healthcare market
EML solves these pains by creating a marketplace that gives patients access to a variety of financing packages, lenders a channel into the market, and medical providers a complete financing solution.