What is physician funding?
What is physician funding?
Physician funding is an important aspect to the business of medical providing, financing many aspects of the operations of many facilities daily functions as well as providing vital capital for expansion and improvements. The various methods available to physicians as far as financing goes range from traditional forms offered by banks and financial institutions to alternative methods like accounts receivable financing and surgery on lien. The general difficult nature of traditional financing for physicians to secure is a deterrent for many doctors to go through the process, many times instead putting off expansion efforts no matter how necessary, or potentially even attempting to delay payments of bills and debts. Although the ability to secure the funding through bank loans involving collateral and interest is there, the prospect of risking the very equipment that is necessary in order to do business on a daily basis in order to secure things that will make the process more comfortable for patients is too great for many to bear. This type of difficult decision for many physicians is an easy one, simply deciding to not move forward with any growth of the business, or not paying the bills that have accumulated on months when the cash runs short. Luckily, there are programs that are considered “alternative” to these traditional funding options that are available for consideration that do not involve collateral, interest, risk or large amounts of paperwork.
Med-Care Solutions offers a wide range of options for physicians to consider with regards to medical funding, these options involving utilization of the existing accounts receivable or approved accounts that are involved in legal issues and are in need of surgeries, therapies or treatments on a lien basis. Through consideration of the accounts that are on the books of a physician as an asset instead of a liability due to their unsecured nature, funding firms like Med-Care Solutions have created an ability for physicians to generate immediate cash from the money that is owed to them at any point in time. Traditional lending institutions will generally not consider accounts receivable as an asset that can be utilized to borrow against because there is no guarantee of payment, and even though there are many cases where these accounts are far more valuable than any hard equipment that is owned by the business, they still will not consider them to loan against. Med-Care Solutions programs eliminate this frustration by offering simple and easy to understand programs involving only these accounts. They are purchased at a modest discount in exchange for immediate cash paid directly to the physician. All risk of collection is removed from the physician’s staff, as there is no repayment penalty of any kind if the account that has been sold is not able to be collected. Additionally, there is no interest of any kind accumulated due to the fact that the money is not a loan, and is instead a payment for services that have been rendered, just by a third party. If you are a physician in need of cash for any purpose, contact Med-Care Solutions today.