Medical Factoring Services
Medical
Medical factoring and claims funding provide solutions for cash flow issues faced by healthcare providers due to unpaid invoices from commercial customers, private insurance, and government payors like Medicaid and Medicare.
Unpaid invoices can create significant challenges for medical professionals trying to maintain a steady cash flow. Medical funding offers a swift resolution to these cash flow dilemmas.
FLEXIBLE FUNDING
Our medical factoring services deliver flexible funding options specifically designed to meet the capital needs of healthcare providers and the medical community, all while offering competitive terms and pricing.
Through medical factoring and claims financing, unpaid invoices and claims can be transformed into a reliable stream of cash flow.
- Facilities from $500,000 up to $15 million (below $500,000 - click)
- Based on current accounts receivable
- Up to 85% advance rate
TO BEGIN THE PROCESS
- We start with an introductory call
- How long has the company been operating?
- Revenues last 12 months (we will need financials last 2 years and the interim)?
- Billing and Collection History
- AR and AP aging reports
- Other relevant information, if any
UNDERWRITING DOCUMENTS
Required documentation for underwriting:
- Business License
- Medical License
- Proof of Malpractice/Liability Insurance
- Articles of Incorporation
- IRS Letter Assigning EIN
- Bank Verification
- List of Insurance Carriers/Payors
- Voided Check to Operating Account
- Proof of Ownership
- Copy of a Valid Driver's License
- Other documentation, if any, required by underwriting
NEED THE CASH NOW?
If you're short on time and can't wait for the underwriting process, we offer financing based on your monthly revenues. You can receive approval and funding in as little as 2 to 3 days. For more details, click here.