Factor Your Medical Accounts Receivables for Business Growth
Medical factoring with Factor Finders enables medical providers to provide qualify care through proven financial management strategies.
Medical accounts receivable factoring advances funds to medical providers who bill third-party vendors. These payors include commercial insurance companies, HMOs, Blue Cross/Blue Shield, Medicare, and Medicaid.
What are the Requirements for Accounts Receivable Factoring?
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. Our medical factoring service bypasses bureaucratic billing structures and provides funds to the healthcare provider within days. Our network of medical factoring companies service the following:
- Nursing homes
- Home healthcare companies
- Rehabilitation/Physical Therapy companies
- Durable medical equipment providers
- MRI clinics
- Radiology centers
- Ambulance service providers
Factoring for Medical Staffing Companies
Temp-staffing businesses, including new start-ups, are eligible for our receivables factoring services. Medical accounts receivable factoring covers all agencies with a $5,000 to $10 million monthly sales volume range. Medical invoices should not be pledged to any other entity including Medicare, Medicaid, or an individual.
Medical Accounts Receivable Factoring Services 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