Factoring For Home Health Care Facilities
If unpaid invoices are causing cash flow issues for your home healthcare business, you should know that our invoice factoring and receivables funding options can help. You can stop waiting weeks or months to receive payment for commercial invoices, Medicaid, Medicare, or insurance claims.
Steady cash flow is just the beginning; our financing options can provide 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 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 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 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 home healthcare providers.
For more information, please contact us at any time.
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