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Account Receivable Financing

Account Receivable Financing

A type of asset-financing arrangement in which a company uses its receivables – which is money owed by customers – as collateral in a financing agreement. The company receives an amount that is equal to a reduced value of the receivables pledged. The age of the receivables have a large effect on the amount a company will receive. The older the receivables, the less the company can expect. Also referred to as “factoring”. Factoring is a loan and requires you to pay interest on your own accounts receivables.

Medcare Solutions will purchase your medical receivables turning your aging medical accounts receivables into positive cash. There are no long term loan agreements, no interest and you can obtain cash to assist you in payroll, expanding your business, marketing, paying down debt, or however you see fit to use the money. Medcare Solutions realizes that a successful HealthCare business depends as much upon effective financial management as it does on quality medical care. The long delay between the time a HealthCare Provider provides a medical service and the time they are ultimately reimbursed, coupled with a bureaucratic and cumbersome Third-Party billing structure has resulted in serious diminishing cash flow for many HealthCare Providers.

Account Receivable FinancingWe offer a complete medical accounts receivable purchase program that allows HealthCare Providers to have better access to previously unavailable funds. Medcare Solutions will simply purchase the net collectible Third-Party receivables; thereby, providing our you with cash within days, not months of creating an invoice. Selling medical accounts receivable has been a major method of obtaining working capital in a the healthcare industry for well over a century. The reality of selling medical account receivables is that it has the paradoxical distinction of being the financial backbone of many successful and diverse businesses in a major cross section of the medical industry. Why is it a paradox? Because selling medical account receivables is not taught in any university or business college, it is seldom mentioned in any business plan and is generally misunderstood or relatively unknown to the majority of financial executives. Yet, selling medical account receivables is a financial process that frees up hundreds of billions of dollars every year, enabling thousands of business enterprises, of every size, across the medical industry, to grow, prosper and sometimes just survive temporary or long term financial difficulties.