Assisted Living Facilities

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From $100,000 to $3,000,000 (below $100,000 - click)

Assisted living facility factoring and financing. Because of unpaid invoices, positive cash flow is sometimes a challenge for assisted living facilities. Billing insurance companies, Medicaid, Medicare, third parties, and commercial customers can take up to 90 days or longer to pay, which can certainly cause cash flow to stall, significantly affecting the business.

However, funding your Medicaid, Medicare, and insurance claims, as well as your unpaid commercial receivables, can solve your cash flow problems consistently, allowing the business to move forward with peace of mind.

WE WORK WITH:

• Assisted Living Facilities
• Congregate Care
• Nursing Homes
• Seniors Housing
• Other Healthcare Providers

MEDICAL BILLINGS FUNDING:

• Blue Cross and Blue Shield
• Commercial Customers
• insurance Companies
• Medicaid and Medicare
• PPOs and HMOs
• Worker's Compensation Carriers

SIMPLE PROCESS

Typically we begin with a phone call to understand your specific situation and funding requirements and to answer any questions you may have.

The list of documents required to prepare a receivables funding contract includes:

• Our application is signed by the owner(s)
• Current Accounts Receivable and Payables reports
• List of insurance companies, government payors
• Most recent profit and loss statement and balance sheet

ADVANTAGES

• Clients will be dealing with a direct source of private and institutional funds
• Competitive rates
• Advances on receivables as high as 80% on eligible ARs
• Simple - uncomplicated qualifying process
• Flexible terms. Financing can be structured to fit the business funding requirements
• Lockbox Account

ACCOMMODATING

• We can even assist assisted living facilities with certain financial challenges or reorganizing in bankruptcy
• Services and solutions can easily be tailored to your specific needs
• Funding is designed to be flexible and grow with the business
• We can help bridge the financial gaps in operating business plans

SUBMISSION PACKAGE

• Signed Application
• Accounts Receivables Report
• 6 Months' Bank Statements

UNDERWRITING DOCUMENTS

• 2 Years of Business Financials
• Profit & Loss and Balance Sheet
• 2 Years of Business Tax Returns
• Copy of Most Recent 941 Filing
• Full AR Reports with Detailed Payer Information by Insurance Provider
• Accounts Payable Aging Summary
• Owner(s) Personal Financial Statement
• Proof of Ownership

HealthcareFactoring is part of a network of strategic partners specializing in funding solutions for medical professionals nationwide with financial services that are tailored specifically for the healthcare industry.

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