Cash flow is the lifeblood of any business. Financing the provider’s patient accounts receivable is one way to generate needed capital. Instead of waiting to receive reimbursement from third-party payers for healthcare services or goods provided, receivables financing allows providers to get a portion of that money sooner, thus accelerating cash flow.
As a medical provider your biggest asset is your accounts receivable (“A/R”) portfolio, the payment you expect to get from Medicaid/Medicare, HMOs, private insurances, personal injury lien settlements, or worker’s compensation insurances. Unfortunately, in our healthcare system a medical provider has to wait 15-150 days, or more, to realize this asset: hindering the provider’s ability to conduct business.
Medical Funding Specialists offers customized medical accounts receivable funding exclusively for the healthcare industry. Medical funding that utilizes your accounts receivable, a non-performing asset, to transform your cash flow into a solution for generating working capital. Funding that can give you the infusion of working capital necessary for growth, profitability and success.
Healthcare providers are using this debt-free funding to accelerate cash flow by turning receivables into working capital and putting cash back into your business or pocket:
Accounts receivable funding can ease the strain on your business that can occur with the ups and downs of cash flow cycles and put you back in control: you can receive funding on receivables only when you decide to submit them. Taking control of your medical receivables enables you to be virtually debt-free within a short period of time.
Contact us for a no cost evaluation and solution.