Factoring for Pharmacies
Pharmacies
Pharmacy factoring and accounts receivable financing are two ways that pharmacies (including compounding pharmacies, contract pharmacies, and specialty pharmacies) can fix their cash flow problems caused by delayed payments from Medicaid, Medicare, and third-party insurance companies.
Highlights of our AR funding programs are below.
Medical Accounts Receivable Line of Credit
- $500,000 - $15,000,000 (below $500,000 - click)
- Up to 85% Advance Rate
- Non-amortizing structure (interest-only payments)
- Get charged interest only on the amount of AR financed
- Covenant light
- We work with any medical provider that bills third-party insurance carriers
Medical Accounts Receivable Factoring Facility
- $100,000 - $3,000,000 (below $100,000 - click)
- Up to 85% Advance Rate
- Choose which AR to factor
- Limited collection history may be acceptable
- We work with any medical provider that bills third-party insurance carriers
Three top reasons why AR line of credit or medical invoice factoring can help pharmacies:
- Get cash upfront for claims instead of waiting to get paid by insurance carriers.
- Medication costs can be very high. Improved cash flow will allow a pharmacy to pay wholesalers faster, allowing the pharmacy to qualify for early payment discounts. In some cases, these discounts cover the cost of the AR line.
- An AR line is much cheaper than equity and less restrictive than a bank loan.
Need Quicker Funding?
If you're in need of immediate cash to manage payroll or other business expenses, we offer revenue-based loans that can be funded in just 2 to 3 days. For further details, click here.