Medicaid and Medicare Factoring
Cash flow is the blood that keeps a medical company moving forward, and even if your business is profitable, your cash flow can take a hit while waiting for Medicaid, Medicare, and insurance companies to send their payments.
Our Medicaid, Medicare, and commercial accounts receivable financing, factoring, and claims funding product is a medical receivables funding option for providers that are billing Medicaid, Medicare, and commercial insurance regularly. Any of our funding products may offer the right cash flow solution for your healthcare business. This can further help the company move forward without cash flow worries, as we can continue to fund your ongoing receivables and invoices.
- Medical Receivables Financing or Factoring
- Facilities from $500,000 up to $10 million (below $500,000 - click)
- Based on current accounts receivable
- Up to 85% advance rate
Our Healthcare Factoring solutions are available to companies in many sectors of the healthcare / medical industry including:
- Home Healthcare Agencies
- Medical Practices
- Physicians
- Physician Groups
- Mental Health
- Specialty Pharmacies
- Senior Living Facilities
- Hospitals
- DME/HME
- Medical Transport
- Imaging Centers
- Urgent Care Centers
- And others
Typically we begin with a phone call to understand your specific situation and funding requirements and to answer any questions you may have.
PREQUALIFICATION INFO
- How long has the business been operating?
- What were your revenues last 12 months (we will need financials last 2 years and the interim)?
- Billing and Collection History
- How much do you have in accounts receivables (AR aging report)
- AP aging
- Other relevant information, if any
After we have prequalified the transaction based on the above information, we will require a short application and standard information for the specific transaction to underwrite the funding request.
We are part of a network of strategic partners specializing in funding solutions for medical professionals with financial services tailored specifically for the healthcare industry.
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