HEALTHCARE FACTORING COMPANIES
The Best Factoring Companies for Healthcare
You have bills to pay, but you only receive payment from your clients every 30, 90 or even 120 days. Sound familiar? Slow-payers are common in the healthcare industry and make it tough to cover expenses or invest in expansion. But, there is good news— healthcare factoring companies provide your business with advanced payments to take care of all your expenses without the stress of waiting to be paid.
Invoice factoring companies benefit healthcare vendors billing medical providers and institutions, and medical providers themselves. No matter if your business is billing healthcare facilities or third-party vendors like Medicare, Medicaid or private insurers, accounts receivable factoring for healthcare can get you the funds you need instantly.
If you’re tired of searching for a funding company, contact us. We understand that locating medical funding is challenging, but we know who can fund your business. We will listen to what your small business needs and partner you with the best healthcare financing company in our marketplace. We are healthcare factoring experts!
Why Work with a Medical Factoring Company?
Outstanding medical receivables can put your healthcare business between a rock and a hard place. If this is a problem your company faces, you’re on the right website! It’s important to partner up with a factoring company that understands the specific cash flow problems facing the healthcare industry. Count on us to get you the funding you need to grow your company and operate without the stress of unpaid claims. Need advanced payments to cover staffing, payroll or equipment expenses instead? We’ve got that covered, too. Our services are great—here are some of the perks that come with working with us:
- Advanced payments for third-party payers (Medicare, Medicaid, private insurances)
- Funding for healthcare receivables within 24 hours
- Money to invest in new technology
- Cover lease costs of equipment
- Capital for operating expenses
- Financial cushion as your facility expands
- No long-term obligation
- No hidden fees
- No debt added to your balance sheet
No matter your specialty, we have a factoring company in our network that can help. Quit wasting time talking to healthcare factoring companies that can’t help. Let us make an introduction. Our services are 100% free to you. We work with a wide range of medical businesses:
- Hospitals and health centers
- Home health agencies
- Ambulatory services
- Laboratory services
- Durable medical equipment providers
- Rehabilitation centers
- Healthcare and nurse staffing agencies
- Medical transcription service providers
- Medical billing services
- Medical coding companies
Factoring for Healthcare Companies is Simple
Medical invoice factoring is a great way to close gaps in cash flow created by insurance carriers and other third-party payers. It’s a straightforward process.
Healthcare Funding FAQs
Have more questions? Check out our general invoice factoring FAQ page
Q: Do I have to factor all of my medical receivables?
A: No. You can pick and choose which accounts you wish to factor– it is up to you and your business needs.
Q: What types of healthcare companies can benefit from healthcare accounts receivable factoring?
A: There are many companies that can benefit from healthcare factoring. To name a few: medical offices, hospitals, home health care agencies, private practice physicians, rehab centers, healthcare and nursing staffing firms, durable medical equipment companies, and more.
Q: What types of healthcare factoring are available to me?
A: There are different types of healthcare factoring for different types of healthcare businesses. Factoring is popular for businesses that provide services and products to medical providers (medical transcription, healthcare staffing, medical billing, etc.). Factoring is also available for medical providers who bill third-party vendors such as Medicare, Medicaid, and private insurers.
It’s common for working capital to run low in the medical industry. Slow-paying clients are to be expected. All the while, you need to continuously modernize and expand, keep up to date with changing policies and update or replace outdated equipment. None of these expenses run cheap. That’s why working with healthcare factoring companies can be an attractive solution. Your healthcare company will get advanced payments to use on any business expense, big or small. Your bills will be paid on time and your organization is assured to grow. What’s better than that?
Healthcare factoring experts, at your service. (855) 465-8870
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