Medicare Financing
Medicare
We offer Medicare claims financing and commercial receivables factoring products designed to help healthcare providers manage cash flow challenges when billing Medicare and commercial payors.
The Medicare funding option functions differently from factoring, as the receivables are based on claims, and Medicare does not permit payments to be sent to third parties.
Our funding product may be the ideal solution for healthcare businesses facing cash flow issues. It can also enable providers to advance their operations without worrying about cash flow, as we can support ongoing billing.
THE PROCESS IS SIMPLE
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 REQUIRE
- 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
NEED THE CASH NOW?
If your healthcare business requires urgent capital to cover payroll or other expenses, we offer revenue-based financing specifically for medical and healthcare providers. This financing can be funded in as little as 2 to 3 days. Click here for more information.