Medical Receivables Factoring
Medical receivables factoring is a great option for companies especially in the early stages of business development and/or during rapid growth. Receivable factoring is a financial solution that gives companies immediate cash to manage operations and growth more effectively. Medical receivable factoring is a great way to fill the gap between when your company delivers a product or service and when your customer pays. We can turn weeks or months into hours or days.
Medical receivables factoring is a great way to obtain cash without providing personal collateral or increasing interest expenses. Invoice factoring is not a loan, you do not accrue interest or penalties. The factoring fee is clear and objective and is based on the size of the invoice, the length of time it takes to collect the payment, and the creditworthiness of your customers.
Medical factoring is an opportunity to increase your positive cash flow. You can use the money from medical receivables factoring to pay your debts, pay overhead costs, salaries, and pay on invoices. When you partner with Medcare Solutions you will be able to maintain a balanced and healthy cash flow, while building credit, and because your invoices can now be managed by our professional collections service department, your customers will view your company as a healthcare vendor of high consequence.
No matter what the nature of your business is, whether you are selling and providing products and/or services, need medical receivable factoring, running a large company with hundreds of employees, or catering to the needs of other businesses, you will find our asset-based financing model truly helpful. Aside from our sterling reputation, we are known for providing flexible and reliable solutions that are highly suited for the medical industry and nature of our clients’ businesses. If you need same-day funding, quick credit approvals, and knowledgeable, supportive, and insightful medical financial advice and assistance from experienced professionals, you can rely on us.