Sustained Cash Flow (Healthcare)
At any time, your medical practice or healthcare company will have thousands of dollars tied up in unpaid invoices, which can hurt your cash flow and the overall operation of your healthcare business.
Ideally, healthcare providers seeking funding can approach their local bank for a loan. However, the challenge lies in the collateral, as most banks may not be comfortable with Medicare and other medical receivables, including insurance. Additionally, the issue of credit limits arises, as a bank loan cannot support the continuous billing and new invoices generated by the medical office or healthcare provider.
However, we have a factoring and claims-funding product specifically for healthcare providers that can create a constant flow of capital based on medical receivables.
THE PROCESS IS SIMPLE
We first set up a phone call with you to understand your specific situation and funding needs and to answer any questions you may have.
The required items to prepare a receivables funding contract are straightforward and include:
Our application is signed by the owner(s)
Business formation documents (Corp. LLC etc)
Current Accounts Receivable and Payables reports
List of customers you would like to factor
For more information, please, contact us any time.
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