 Don't Wait to Get Paid From Insurance Companies. Get Immediate Cash Now with Medical Invoice Factoring
The current recession coupled with cuts in Medicare reimbursements have put many health care providers in a cash flow squeeze. The problem is compounded even further when third-party payers don't pay their bills for 30, 60, or even 90 days and beyond. That's why our medical invoice factoring programs should be an important part of your financial strategy in 2010.
Benefits from Medical Invoice Factoring:- Immediately stabilize your cash flow position
- Receive high advance rates on your receivables
- Fee rates starting as low as 2.0% per month (depending on volume)
- 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
- Funding is only limited to your pool of receivables
Who Qualifies for the program? Hospitals Skilled Nursing Facilities Long Term Care Providers DME Companies MRI Centers Rehab facilities Home Health Companies Medical Staffing Agencies Substance Abuse Centers Psychiatric Facilities Physician Groups Specialty Hospitals Imaging Centers Kidney Dialysis Centers
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 review is conducted. The review is necessary to establish the net collectible value of your accounts receivable, which determines the base amount of advances.
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:Minimum $40,000 per month in net collectible receivables Maximum $1,000,000 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 Go back to medical financial services main page.
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