Medical Accounts Receivable Factoring
Factor Finders enables healthcare providers to provide qualify care through proven financial management strategies. We advance funds to healthcare providers who bill third-party vendors. These payors include commercial insurance companies, HMOs, Blue Cross/Blue Shield, Medicare, and Medicaid. For details on the medical accounts receivables program, refer to the Medical Accounts Receivable Program page.
Factor Finders specializes in medical factoring which involves purchasing the invoices of healthcare providers at a discount and collecting from third-party payors. Businesses should have average monthly billings of third-party receivables ranging from $35,000 to $500,000. Medical providers that exceed $500,000 per month in billings of net realized value and maintain $600,000 of total accounts receivable may qualify for our premier healthcare asset based financing program.
Medical accounts receivable factoring is our niche market. Factor Finders bypasses bureaucratic billing structures by advancing funds to the healthcare provider within days. We offer healthcare factoring to a variety of providers including:
- Physicians
- Nursing homes
- Hospitals
- Home healthcare companies
- Rehabilitation/Physical Therapy companies
- Durable medical equipment providers
- MRI clinics
- Radiology centers
- Ambulance service providers
- Laboratories
Temp Staffing Receivables Factoring
Temp-staffing businesses, including new start-ups, are eligible for our factoring services. Our medical accounts receivable factoring program covers all agencies with a $5,000 to $10 million monthly sales volume range. The invoices should not be pledged to any other entity including Medicare, Medicaid, or an individual.
Our medical accounts receivable services are ideal for a variety of clients:
- Start-ups less than 3 years old without the established credit history needed for bank loans
- Those needing enough working capital to make payroll
- Those strategizing about new facilities or other growth strategies
- Those wanting to restructure and operate after bankruptcy
- Those who would benefit from expansion acquisition financing
Other medical receivables articles:
Medical Receivables Management
How Healthcare Factoring Works
Medical Billing, Collections, and Financing
Medical Accounts Receivables Program
Equipment Lease rates for Medical Providers
- Factoring Countries:
- America
- Canada
- United Kingdom
