Medical Insurance Factoring
Factoring services and accounts receivable financing for healthcare companiesFactoring Medical Insurance Receivables
Medical insurance factoring. We specialize in factoring insurance receivables for healthcare professionals, including medical offices, laboratories, hospitals, rehab clinics and other healthcare service providers.
The process is simple, we first set up a call with you to understand your business and funding needs and to answer any questions you may have.
The require documents to prepare a receivables funding contract generally 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
HealthcareFactoring.com is part of a network of strategic partners specializing in funding solutions for the healthcare industry, we cover all of the United States offering flexible options on funding programs that include invoice factoring (Insurance, Medicare and Medicaid Receivables) and accounts receivable lines of credit.
For more information, please contact us at anytime.