Imaging and Diagnostics Financing
Imaging and Diagnostics
Factoring and financing for imaging and diagnostic centers are essential when billing private insurance, PPOs, HMOs, and government payors like Medicare and Medicaid, which can take weeks or even months to process payments.
MAINTAIN STRONG CASH FLOW
Payment delays can significantly impact cash flow, making it crucial to have a factoring facility or receivables line of credit. This is essential for maintaining strong cash flow and ensuring uninterrupted operations.
IDEAL FUNDING PARTNER
Healthcare lenders can serve as the ideal long-term funding partner, unlike banks and other traditional lenders that typically do not finance insurance or government receivables. This partnership is crucial for sustaining smooth operations and ensuring reliable funding for ongoing growth.
THE BASIC PROCESS IS SIMPLE
Generally, we will schedule a call with you to understand your funding needs and to address any questions you may have.
To prepare a receivables funding proposal, we require the following initial documents:
A signed application from 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
Six months of bank statements
ONCE IN UNDERWRITING, WE REQUIRE
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
CAN'T WAIT, NEED THE CASH NOW?
If you urgently need capital to cover payroll or other business expenses, we offer bank statement loans specifically for imaging and diagnostic centers. The approval and loan amount will determine the funding process, which can occur within just 2 to 3 days. CLICK HERE for more information.