Factoring For Medical Transport
Medical Transportation Factoring. We offer a flexible accounts receivable financing product to medical transportation companies with options tailored to their funding objectives. No need to wait 30-60 days or longer to get paid by your commercial customers, Medicare, Medicaid, or insurance companies.
We understand that even a profitable company can struggle with cash flow when waiting up to 90 days or longer for payments from Medicaid, Medicare, insurance companies, and other commercial enterprises.
Our invoice factoring can offer the right solution that can have the cash in your bank account normally within 24-48 hours after approval.
THE PROCESS IS SIMPLE
We first begin with arranging a phone call with you to understand your business, and specific funding needs and to answer any questions you may have.
The list of documents generally 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 part of a network of strategic medical invoice and receivables factoring partners specializing in funding solutions for medical transport companies on a national level with options that are tailored to the specific needs of your business.
For more information, please contact us at any time.
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