Medical Accounts Receivable Financing For Surgeons
As a surgeon, you provide the lifesaving procedures that improve the quality of life of your patients. You take away pain and repair damaged bodies, and with that kind of pressure the last thing you need is to worry about the ins and outs of running a business. Unfortunately, one of the aspects of any successful practice is the collecting of the debts that are owed by the patients, and any failure to collect these amounts due in a timely manner compromises the ability that you have to continue to practice medicine. Complicating that is the expenses that are covered up-front by your practice just to provide the surgeries that help your patients, the space rentals in hospitals, the staff paychecks, the supplies and ancillary expenses. All of these costs are lost if the payment for the treatment or surgery is not received, or is dragged out due to a court case. These losses can literally put you out of business if you cannot maintain the cash reserves necessary to continue to cover costs for future patients while you wait on payment from past ones. Luckily, there is a way to assure payments for the surgeries you perform, and to completely eliminate the risks. This comes in the form of medical accounts receivable financing, or medical financing programs from Med-Care Solutions.
Medical accounts receivable financing for surgeons involves entering into an agreement that will provide payments for qualified accounts directly to you from Med-Care Solutions. These payments for qualified treatments, surgeries and procedures eliminates the default risks, because there is no need to repay the payments received if the account is not able to be collected. It is as simple as taking a payment in exchange for the rights to collect on the account, diverting all collections activities away from your practice, assuring payment for work performed, and freeing up valuable human resources within your office that was once dedicated to collections. Any accounting professional can tell you that the more an account ages, the less chance there is to actually collect upon the debt, and unfortunately the high ticket surgeries you perform are most likely tied to an insurance claim or legal proceeding. These types of cases are almost always slow to materialize as they must go through all of the paperwork, red-tape and legal proceedings associated. These delays invariably increase the risks to your practice.
Med-Care Solutions’ medical accounts receivable financing programs are simple to understand and involve very little paperwork and qualifying factors. A representative familiar with the process will review your individual cases, and provide a response within days that will assure you payment on the procedures if they qualify. You are free to then provide the services you have been called on for, receiving payments for your labor within weeks instead of months, and without obligation to repay if the account is not able to be collected. This is not a loan, it is a purchase of the account that you are waiting for payment in regards to, and therefore has no additional interest, no monthly payment plan, and no risk. Contact us today to discuss your options.