Home Health Care Factoring
Factoring services for home healthcare companiesFactoring 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.
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.