Medicaid Financing
Medicaid
We provide Medicaid claims financing and commercial receivables factoring products designed to address the cash flow challenges faced by healthcare providers who regularly bill Medicaid and commercial payors.
The Medicaid funding option operates differently from factoring because the receivables consist of claims; furthermore, Medicaid is unable to send payments to third parties.
Our funding product may be the ideal cash flow solution for healthcare businesses. It can also assist providers in advancing their operations without concerns about cash flow, as we can fund ongoing billing.
ACCESS RELIABLE FUNDING
Payment delays from Medicaid and other payers can greatly impact the cash flow of healthcare providers. Therefore, it is essential to have access to financing options or commercial factoring to maintain a steady cash flow. This is crucial for ensuring healthy financial operations and effective cash flow management.
FUNDING PARTNER
Unlike banks and other traditional lenders that typically do not finance Medicaid, private insurance, or government receivables, a healthcare lender can be an ideal long-term funding partner. They support seamless operations and offer dependable funding for continuous growth.
THE PROCESS IS STRAIGHTFORWARD
We first schedule a call to learn about your funding requirements 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 WILL 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 THE CASH NOW?
If your healthcare business needs urgent capital to manage payroll or other expenses, we provide revenue-based financing for medical and healthcare providers, which can be funded in as little as 2 to 3 days. Click here for more information.