Medical Factoring Services
Medical Invoices
Factoring medical invoices and receivables enables doctors, medical offices, and healthcare providers to access cash faster, rather than waiting 30 to 60 days or longer for payments from insurance companies and government payors like Medicaid and Medicare.
SIMPLE PROCESS
Typically, we begin with a phone call to understand your specific situation and funding requirements and to answer any questions you may have.
The list of documents required to prepare a receivables funding contract includes:
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 even certain nursing homes with financial problems or bankruptcy reorganization
Services and solutions can easily be tailored to your specific needs
Funding is designed to be flexible and grow with the business
We can help bridge the financial gaps in operating business plans
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 CASH NOW?
If you're short on time and cannot 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.