Ozarks Capital Funding

Many dentists have set up patient financing programs in their practices for self-pay amounts.  But few know that they can also accelerate payments from third-party payers such as insurance companies and government programs.   These receivables usually make up a large portion of revenues and it can take up to 60 days and beyond to collect payments.  They are an unproductive asset that ties up cash flow.  Factoring invoices can strongly bolster the practice’s working capital position.

Dental invoice factoring is the purchase of a practice’s third-party receivables at a discount.  Once the factoring relationship is established, the dentist can receive an immediate advance (up to 80%) on invoices that are submitted.  The funds are wired to the bank account within 24 hours and the practice can use the funds any way they see fit.   Upon collection, the remaining amount (called the reserve), is remitted back to the practice less the factoring fee..

The minimum amount of monthly third-party collections to qualify for this program is $40,000.   No personal guarantees are required and we’re not concerned with the credit standing of the dental professional.  It commonly takes about two weeks to set up a dental invoice factoring relationship, which includes a due diligence audit.

Do you need working capital for your dental practice?  Get a free dental invoice factoring quote.