Payments Innovation A Merchant Cash Advance pioneer is revolutionizing healthcare financing with Scott Griest
Merchant cash advance (MCA) solutions have been making finance payments easy for retailers and restaurants since 2005. So how does someone who was in the pioneering days of MCAs shift into the in healthcare system?
Scott Griest decided to find out. He built a product to automate loan origination for medical procedures. This platform was built in a way where other originators could license it as well, leveraging the technology with their own financing partners.
Scott is the founder and chief operating officer of PrimaHealth Credit, which is a fintech startup concentrating on patient health care finance.
What we talked about:
- The early days of MCA solutions, 2005-2007
- How MCAs fit in the U.S. regulatory framework for lenders
- How MCAs can differentiate themselves in their crowded space
- The value and solutions MCAs can bring to healthcare
- Building the tech stack to help doctors collect on their own plans
- Scott's advice for entering, operating, exiting, and investing in fintech
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