Cash Flow
Factoring commercial and medical receivables, along with funding for Medicare, Medicaid, and insurance claims, provides a cash flow solution for healthcare companies and medical professionals facing unpaid invoices.
Healthcare companies use such solutions to effectively manage cash flow shortages.
Because debtors, insurance companies, and government agencies usually take 30 to 90 days to process payments, a factoring company provides an advance of 70% to 90% of the invoice value upfront.
After the factoring company receives payments from the debtor, insurance company, or government agencies, it deducts a small fee and then releases the remaining funds that were initially withheld.
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Line of Credit
An asset-based lending line of credit is ideal for companies in the healthcare and medical industries that prefer a credit line based on receivables and other assets instead of using a factoring facility.
Securing the right ABL facility is crucial for success, whether you are managing large capital expenditures, covering payroll, negotiating reimbursement challenges, or navigating the complexities of regulatory compliance.
A well-structured asset-based lending arrangement can provide the necessary liquidity to maintain operations and invest in growth opportunities. By leveraging their assets effectively, healthcare businesses can enhance their financial stability and better position themselves for future challenges.
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Need the Cash Now?
Is your business in urgent need of cash for payroll and other operating expenses and unable to afford to wait for traditional financing or receivables funding that requires extensive paperwork?
A revenue-based business loan, funded in as little as two business days, may be the perfect solution while you work on securing a more permanent financial option, like factoring or a line of credit.
Minimal Paperwork:
3-4 months PDF Bank Statements
Most Recent Tax Return (larger deals)
Your FICO score
Do you rent or own your home?
You will then receive the application link to finalize the process
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