Invoice factoring for medical providers is similar in concept to that of other industries such as sfaffing companies, manufacturers and distributors. But in practicality, it is much more complicated because of the uncertainties in billing. In fact, many factoring companies will fund most any sector but won’t touch anything to do with health care.
A factoring [...]
Entries Tagged as 'medical receivables factoring'
Factoring for Medical Groups
May 5th, 2010 · No Comments
Tags: Medical invoice factoring · medical financing · medical receivables factoring · medical working capital
Factoring for Small Medical and Dental Providers
January 6th, 2010 · No Comments
Many of the larger healthcarel factoring companies that fund physician groups, hospitals, clinics and other providers require at least $100,000 in collectible receivables per month. As anyone in the healthcare industry knows, it doesn’t take long to rack up that level of billings for an average sized provider. But what about the small, one person [...]
Tags: Medical invoice factoring · dental practice financing · dental working capital · dentist financing · medical financing · medical receivables factoring · medical working capital
Why Medical Factoring Companies Require Due Diligence Audits
November 25th, 2009 · No Comments
When a commercial factoring company is deciding on whether or not to accept a new client, they perform due diligence. This includes doing a UCC search to determine if the receivables have already had liens placed on them. They also investigate the credit standing and payment history of the potential client’s customers. Those are the [...]
Tags: Medical invoice factoring · dental practice financing · dental working capital · medical financing · medical receivables factoring · medical working capital
How Doctors Can Get Financing on Long Term Receivables
October 8th, 2009 · No Comments
Many healthcare professionals know about medical invoice factoring and how it can improve the working capital position of their practices. But a little known, yet equally significant financing option is available for those practitioners who carry longer term receivables such as medical liens and worker’s compensation cases.
These types of receivables can take years to settle [...]
Tags: Medical invoice factoring · medical financing · medical lien funding · medical receivables factoring · medical working capital
Factoring Gives Medical Providers Ongoing Working Capital
July 29th, 2009 · No Comments
Third-party medical receivables comprise the largest liquid asset of healthcare providers. The receivables are often pledged as collateral to receive much needed working capital for medical practitioners. Although the ultimate receipt of the payments are likely, traditional lenders often limit the amount of funding. It isn’t because they don’t want to [...]
Tags: Medical invoice factoring · medical financing · medical receivables factoring · medical working capital
Factoring for Medical Providers
July 17th, 2009 · 1 Comment
Working capital lines of credit have been hard to acquire in 2009. Many lenders expect a minimum credit score of 700 from borrowers. The reality is that many doctors, because of divorce, high credit card balances and other factors, don’t have good credit. Medical invoice factoring allows such practitioners to create an infusion of working [...]
Tags: Medical invoice factoring · medical financing · medical receivables factoring · medical working capital
Dental Practices Can Stabilize Their Cash Flow With Factoring
June 26th, 2009 · 1 Comment
Many dental practices, like a lot of other business sectors, have had a tough go of it in 2009. The recession has caused many to postpone their dental work, particularly elective procedures. This has tightened up cash flow and the problem is further magnified by the time gap between the date of [...]
Tags: Accounts Receivable Factoring by Ozarks Capital Funding · Medical invoice factoring · dental practice financing · dental working capital · dentist financing · invoice factoring · medical financing · medical receivables factoring · medical working capital
How Physicians Can Getting Funding on Personal Injury Cases
June 10th, 2009 · No Comments
Many pain management groups, imaging centers, and other healthcare providers give care to individuals who are uniinsured and victims of personal injury accidents. For these practitioners, the dilemma is that they usually won’t get paid until the case settles, and that can often be years down the road. But a new type of financing, called [...]
Tags: Medical invoice factoring · medical financing · medical lien funding · medical receivables factoring · medical working capital
Medical Providers Must Make Sure Their Billing System is Run Efficiently
March 7th, 2009 · No Comments
The demand for medical invoice factoring has grown dramatically in the past six months because more and more medical and dental providers have run into cash flow difficulties and banks have not been able to help. Most providers can qualify for this type of financing, but it’s important that they have their “ducks in a [...]
Tags: Medical invoice factoring · dental practice financing · dental working capital · dentist financing · medical financing · medical receivables factoring · medical working capital
Medical Lien Funding Now Available for Medical Providers
February 27th, 2009 · No Comments
Many healthcare providers are hesitant about taking on personal injury cases in which the patient is uninsured and has filed a lawsuit. First, the length of time to reach a settlement can be far into the future. Second, there’s no guarantee that the patient will win the lawsuit and that means the provider may not [...]
Tags: Medical invoice factoring · medical financing · medical receivables factoring · medical working capital
