Factoring and Financing for Long-Term Healthcare Facilities

Long-Term Healthcare

Factoring and financing solutions for long-term care facilities are designed to help restore cash flow.

When your facility faces cash flow challenges due to unpaid invoices or delayed payments from Medicaid and Medicare claims, private insurance, PPOs, HMOs, and commercial receivables, invoice factoring and accounts receivable financing may be the ideal funding options.

RELIABLE CASH FLOW

Payment delays can significantly impact the cash flow of long-term healthcare facilities. As a result, it is crucial to have access to a factoring facility or a receivables line of credit to maintain reliable cash flow. This is essential for sustaining healthy financial operations and ensuring smooth facility management.

FUNDING PARTNER

Unlike banks and other traditional lenders, which typically do not finance insurance or government receivables, healthcare lenders can serve as ideal long-term funding partners. They help ensure smooth operations and provide reliable funding for ongoing growth.

THE PROCESS IS SIMPLE

We typically schedule a call to learn about your funding needs and answer any questions you may have.

To prepare a funding proposal, we need 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

FOR UNDERWRITING, WE'll NEED

• 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 CASH NOW?

If your business urgently requires capital to cover payroll or other expenses, we offer revenue-based financing for long-term care facilities, which can be funded in as little as 2 to 3 days. Click here to learn more.

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