Financing Medical Receivables
When a healthcare provider uses medical accounts receivable financing to get cash for their accounts receivable, they stabilize their business and have the cash flow to give better care to more people. Medical clients include Medicare and Medicaid that take 60 days to pay as well as commercial health insurance companies that take from 90 to 120 days to pay invoices. This means payment for medical services comes long after a patient is cured.
Medical accounts receivable factoring is one of our specialties. Medical factoring programs are available for start-ups with $5,000 monthly sales volume and for large medical institutions that have up to $10 million monthly sales volume.
Most medical billing is to insurance companies that are notorious for delay in paying. Factor Finders has years of experience in dealing with such companies and will remove the stress of waiting for payment. Many healthcare providers are benefiting from medical accounts receivable financing including:
- Nursing homes
- Home healthcare providers
- Physical Therapy companies
- Medical equipment providers
- Radiology centers and MRI clinics
- Ambulance services
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Who Benefits from Using Invoice Factoring?
Medical accounts receivable financing is the way forward for small companies, start-ups and companies recovering from bankruptcy. They need cash to get the personnel and equipment to offer high quality medical service. Other companies who benefit are:
- Companies short on working capital for payroll
- Companies that need to expand their physical environment
- Companies that want to add more medical services
Outsourcing Medical Accounts Management
Factor Finders can manage the billing and accounts, and collect from the third party saving the medical personnel time and money. This is a unique service for medical companies because most financial institutions are usually unwilling to fund medical companies with only outstanding invoices as their asset. This service lowers the overhead costs and lets the healthcare providers focus on what they do best.
This unique service will upgrade any medical service provider. The sooner you contact Factor Finders, the sooner your medical services will improve.