 With cuts in Medicare and Medicaid reimbursements looming, coupled with increasing operating costs, heathcare providers face a cash flow squeeze. OCF offers an affordable and comprehensive medical receivables factoring program that helps providers stabilize their cash flow. We offer the lowest rates in the industry (from 1.5% to 2.2% per month, depending on volume) and make the process less cumbersome. The benefits to the provider are numerous. How you can benefit from the OCF Medical Receivables Factoring Program: - Immediately improve your cash flow
- High advance rates on your third party receivables
- Fee rates starting as low as 1.5% per month
- Stay current on rent, payroll and other monthly expenses
- No monthly debt services because it is not a loan
- Off balance sheet transaction, so you can receive other financing concurrently
- No personal guarantees required
- Capital is only limited to your pool of receivables
- You choose the amount of receivables you wish to factor
Who we Fund: Hospitals Skilled Nursing Facilities Long Term Care Providers Durable Medical Equipment Providers MRI Centers Rehab Centers Home Health Companies Medical Staffing Agencies Psychiatric and Substance Abuse Facilities Physicans Group Medical Practices How the Funding process works: You fill out an application The funding source reviews the application and submits a letter of intent, which spells out the general terms of the agreement If you agree to the terms of the LOI, a due diligence review is scheduled to verify the value of the accounts receivable Formal contract is executed and funding can begin immediately Funding Parameters for Medical A/R funding: Minimum $100,000 per month in factoring volume Maximum $10,000,000 per month in factoring volume Click here to apply
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