Pharmacy Financing
Pharmacies
Pharmacies, including compounding pharmacies, contract pharmacies, and specialty pharmacies, have access to financing solutions such as medical accounts receivable lines of credit and medical accounts receivable factoring.
These financing options are designed to help alleviate cash flow challenges resulting from unpaid invoices and delays in payments from insurance carriers, Medicaid, and Medicare.
Medical Accounts Receivable Line of Credit
- $500,000 - $15,000,000 (below $500,000 - click)
- Up to 85% Advance Rate
- Non-amortizing structure (interest-only payments)
- Get charged interest only on the amount of AR financed
- Covenant light
- We work with any medical provider that bills third-party insurance carriers
Medical Accounts Receivable Factoring Facility
- $100,000 - $3,000,000 (below $100,000 - click)
- Up to 85% Advance Rate
- Choose which AR to factor
- Limited collection history may be considered
Three top reasons why AR line of credit or medical invoice factoring can help pharmacies:
- Get cash upfront for claims instead of waiting to get paid by insurance carriers.
- Medication costs can be very high. Improved cash flow will allow a pharmacy to pay wholesalers faster, allowing the pharmacy to qualify for early payment discounts. In some cases, these discounts cover the cost of the AR line.
- An AR line is much cheaper than equity and less restrictive than a bank loan.
As every business owner knows, sales alone do not measure the profitability of a company. You may have to wait weeks or months for invoice payments, which can hurt your cash flow, even if sales are rising.
Need Cash Now?
If you need cash now to cover payroll or other business expenses, we provide revenue-based loans that can be funded within 2 to 3 days. For more information, click here.