Nursing Home Factoring
Invoice Factoring | Nursing Homes | Congregate Care | Assisted Living Facilities | Seniors HousingFactoring For Nursing Homes
Nursing Home Factoring. Negative cash flow is sometimes an issue for nursing homes due to unpaid invoices. Waiting for payments from insurance companies, Medicaid and Medicare and other third parties can certainly cause cash flow to stall, affecting the operation of a nursing home in a significant way.
However, factoring your unpaid invoices can solve cash flow problems quickly, helping the business to move forward with confidence. Our invoice factoring product offer funding flexibility to nursing homes with a process that is simple and straightforward.
Funding is available on medical billings to Medicaid and Medicare, Blue Cross and Blue Shield, PPOs and HMOs, Workers Compensation Carriers, insurance companies and commercial customers.
IN ADDITION TO NURSING HOMES, WE CAN ALSO FACTOR:
Assisted Living Facilities
Congregate Care
Seniors Housing
Other Healthcare Providers
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 include:
Our application signed by the owner(s)
Current Accounts Receivable and Payables reports
List of insurance company, 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
For more information, please contact us at anytime.