For Healthcare Businesses Constricted by Cash Flow
How Healthcare Receivables Finance Works
With expansion and sweeping changes in the healthcare industry, many providers are finding that they have to wait longer and longer to receive payments from both patients and third party payers. Often reporting a turnaround time of 45 to 90 days on their claims receivable, healthcare companies are experiencing restricted growth of the business.
What’s worse, while most banks will provide a loan for the providers’ real estate or equipment, the borrower may find it more difficult to secure financing to help with growth and to support the ongoing working capital needs of the company. Receivables financing may be a solution to these cash flow problems.
Contact us to learn more about our healthcare accounts receivable financing options.
Overcome Cash Flow Obstacles
We offer working capital credit facilities in the form of accounts receivables financing. Receivables financing is available from $200,000 to $2,000,000 with advances up to 90 percent against net realizable value of the providers’ claims from insurance companies & government healthcare, including Medicare and Medicaid.
We serve private doctor facilities, skilled nursing and staffing, closed-door pharmacies, rehab centers (physical, substance abuse, and mental health), small hospitals, hospice, assisted living facilities, and imaging centers, etc.
