Hospital Financing
Hospitals
We specialize in hospital factoring and financing, aiming to restore cash flow affected by unpaid invoices and payment delays. Our services in invoice factoring and accounts receivable financing can assist hospitals facing cash flow challenges stemming from unpaid commercial invoices, Medicaid and Medicare claims, private insurance, as well as PPO and HMO claims, and other commercial accounts.
By leveraging our financial services, hospitals can focus on providing quality care rather than worrying about financial hurdles. Our tailored solutions ensure quick access to funds, enabling healthcare providers to maintain operations smoothly and invest in necessary resources.
WHAT IS THE BASIC PROCESS?
Generally, we set up a call with you to understand your funding needs and to answer any questions you may have.
The initial list of documents required to prepare a receivables funding proposal includes:
Our application is signed by the owner(s)
Current Accounts Receivable and Payable reports
A list of insurance companies and government payors
The most recent profit and loss statement and balance sheet
6 Months' Bank Statements
UNDERWRITING DOCUMENTS
2 Years of Business Financials: Profit & Loss and Balance Sheet
2 Years of Business Tax Returns
Copy of Most Recent 941 Filing
Full Accounts Receivable Reports with Detailed Payer Information by Insurance Provider
Accounts Payable Aging Summary
Owner(s) Personal Financial Statement
Proof of Ownership
ADVANTAGES
Clients will have access to a direct source of private and institutional funds.
Competitive rates are available.
Advances on receivables can be as high as 80% on eligible accounts receivable (ARs).
The qualifying process is simple and uncomplicated.
Flexible terms allow financing to be structured to meet specific business funding requirements.
A lockbox account is also provided.
NEED THE CASH NOW?
If you require quick funding to manage payroll, cover operating expenses, or take advantage of a business opportunity, we offer revenue loans specifically for hospitals. Depending on the loan amount, approval and funding can occur within just 2 to 3 days. CLICK HERE for more details.