Is the cash you need to operate your medical practice tied up in third party payor receivables? OCF has the prescription you need with medical invoice factoring.

With cuts in Medicare and Medicaid reimbursements a reality, coupled with increasing operating costs, healthcare 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 Invoice Factoring Program:

• Immediately improve your cash flow

• Receive high advance rates on your receivables

• Fee rates starting as low as 1.5% per month
  

• Stay current on rent, payroll and other monthly expenses

• No monthly debt service 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 fund

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

Physicians

Group Medical Practices

How the Medical Funding process works:

1. Fill out the application and supply the required documentation.

2. We review the application and submit a letter of intent, which spells out the general terms of the agreement

3. If you agree to the terms of the LOI, a due diligence reviewis conducted. The review is necessary to establish the net collectible value of your accounts receivable, which determines the base amount of advances. Unlike other companies, we only charge you for the cost of the review (travel and other out of pocket expenses) There have been many cases in which the discovery of billing irregularities have more than paid for the cost of the due diligence audit.

4. Formal contract is executed and funding can begin immediately

5. Funds are wired into your account as often as you need them.

Funding Parameters for Medical A/R funding:

Minimum $100,000 per month in net collectible receivables

Maximum $5,000,000 per month in net collectible receivables

Click for a free quote or call today at 417-849-7394.

Click here to read an OCF article on medical invoice factoring