Home Health Care Factoring

Factoring services for home healthcare companies

Factoring For Home Health Care Facilities


If your home healthcare business is experiencing cash flow problems as a result of unpaid invoices, you should know that our invoice factoring services offer funding options that gives home healthcare providers quick access to their cash, no more waiting weeks or months to get paid by Medicaid, Medicare or the insurance companies.

Steady cash flow is just the beginning of what we can offer your business. Factoring provides the needed cash to cover payroll, purchase new equipment or invest in growth.

WHAT IS THE BASIC PROCESS?

Generally, we set up a call with you to understand your funding needs and to answer any questions you may have.

The list of documents that are required to prepare a receivables funding contract include:

Our application signed by the owner(s)
Current Accounts Receivable and Payables reports
List of insurance company, 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 assist any healthcare services provider with funding even those dealing with serious financial challenges or reorganizing in bankruptcy
Our services and solutions can easily be tailored to your specific needs
Flexible. Our funding is designed to grow with the practice and can evolve
We 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 Aged AR Reports with Detailed Payer Information by Insurance Provider
Accounts Payable Aging Summary
Owner(s) Personal Financial Statement
Proof of Ownership

We are an affiliate and part of strategic partners specializing in funding options for home health care companies providers on a national level with solutions that include factoring for your insurance, Medicaid and Medicare receivables and other commercial receivables. Our factoring options are tailored specifically for the home health care providers.

For more information, please contact us at anytime.

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