Private Insurance Factoring
Medical Insurance
We specialize in factoring private medical insurance receivables for healthcare professionals, including medical offices, laboratories, hospitals, rehab clinics, and other healthcare service providers.
The process is simple: we first set up a call with you to understand your business and funding needs and to answer any questions you may have.
Our application is signed by the owner(s)
Current Accounts Receivable and Payables reports
List of insurance companies, government payors
Most recent profit and loss statement and balance sheet
ADVANTAGES
Clients will be dealing with a direct source of private and institutional funds
Competitive rates
Advances on receivables as high as 80% on eligible ARs
Simple - uncomplicated qualifying process
Flexible terms. Financing can be structured to fit the business funding requirements
Lockbox Account
ACCOMMODATING
We can assist any healthcare services provider with funding, even those dealing with serious financial challenges or reorganizing in bankruptcy
Our services and solutions can easily be tailored to your specific needs
Flexible. Our funding is designed to grow with the practice and can evolve
We help bridge the financial gaps in operating business plans
SUBMISSION PACKAGE
Signed Application
Accounts Receivable Report
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 AR Reports with Detailed Payer Information by Insurance Provider
Accounts Payable Aging Summary
Owner(s) Personal Financial Statement
Proof of Ownership
NEED FUNDING NOW?
If you’re pressed for time and cannot wait for the underwriting process, we provide financing based on your monthly revenues. Approval and funding can be obtained in as little as 2 to 3 days. For more details, click here.