Factoring For Nursing Homes

Due to unpaid invoices, negative cash flow is sometimes an issue for nursing homes. Waiting for payments from insurance companies, Medicaid, Medicare, and commercial customers can certainly cause cash flow problems for the nursing home operation.

There is a cash flow problem solution! Funding your claims on Medicare, Medicaid, and insurance, as well as factoring your commercial customers, if applicable, can effectively address cash flow problems in the future.

IN ADDITION TO NURSING HOMES, WE CAN ALSO FACTOR:

Assisted Living Facilities
Congregate Care
Seniors Housing
Other Healthcare Providers

SIMPLE PROCESS

Typically we begin with a phone call to understand your specific situation and funding requirements and to answer any questions you may have.

The list of documents 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 even certain nursing homes with financial problems or bankruptcy reorganization
Services and solutions can easily be tailored to your specific needs
Funding is designed to be flexible and grow with the business
We can help bridge the financial gaps in operating business plans

For more information, please get in touch with us at any time.

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