Purchase Medical Receivables
When it comes to purchasing medical receivables in the healthcare industry, there are two different kinds of companies that can benefit from what’s commonly referred to as healthcare factoring and/or medical factoring. Both types of healthcare companies make ideal invoice factoring candidates because both routinely bill creditworthy slow-paying customers. The first variation of the medical factoring model involves entrepreneurs who own a service-oriented business within the healthcare industry. Specifically, medical transcription services, medical supply companies, medical staffing agencies, temporary nurse registries, outsourced medical coding companies medical billing services, etc. can all benefit greatly by factoring their invoices.
Medical Accounts Receivable Funding frees up working capital for more productive uses of your cash flow such as increasing staff, purchasing new equipment, expanding practice locations or minimizing a financial set-back. Medcare Solutions allows you to optimize your bottom line by purchasing your open accounts due from third party payers such as private insurance, HMOs, PPOs. and personal injury settlements. You are able to immediately generate cash from this asset, creating cash flow and eliminating the ongoing billing collection costs.
Medical receivables funding is the sale and purchase of an asset at a discount so no debt is incurred on the balance sheet. Funding is based on the net collectible amount of the claim determined by your historical collections. Medcare Solutions helps you to get the highest payout in the industry for your account receivables.