Are you billing insurance providers, HMO’s or Medicare/Medicaid? Having to wait up to 90 days to get paid can be very challenging for health care professionals and medical equipment providers. If you need flexible financing that grows with your practice or business, medical factoring can help.
Medical factoring can get your insurance claims paid in as little as 2 days, providing your business with funds to pay employees, suppliers and rent.
The biggest benefit from factoring your medical receivables is that your cash flow will become predictable. As opposed to waiting 30 to 90 days hoping your medical claims will be paid soon - factoring gets them paid - with certainty - in 24 to 48 hours. This allows you to better manage your business and meet your obligations.
Another benefit of medical factoring is that it grows with your business. As opposed to lines of credit that have fixed limits, medical receivables factoring has no limits. You can finance as many claims as you can generate.