Finance Medical Receivables
Finance medical receivables to provide you with working capital without adding debt to your balance sheet. You get access to unlimited and continuous working capital as your third-party medical A/R or accounts receivable increases. This cash flow solution eliminates having to wait months for third-party reimbursements from government agencies, private and commercial insurance companies. Money is advanced to you based upon the net realizable value of your medical receivables or accounts receivable, usually 80 %. You get the balance, minus a small service fee, once your payers pay. Fees are assessed on the funds advanced to you. The finance medical receivables solution eliminates the cash flow gap between service performance and medical reimbursements from third-party payers, such as insurance companies and government agencies (Medicare, Medicaid, Private and Commercial Insurance).
If you’re like most healthcare providers, you face many challenges, including fee reductions, slow reimbursements, technology changes, regulatory matters and caring for an ever increasing number of patients – just to name a few. Overcoming many of these challenges depends upon a consistent cash flow and having sufficient capital to grow and stay competitive. Our finance medical receivables program is a proven alternative financing solution, helps you meet today’s challenges with greater flexibility and access to capital. It’s a cash flow, working capital and acquisition financing solution with virtually unlimited capital for your needs.
Medical receivables financing allows you to pledge your third-party medical A/R or healthcare A/R (Medicare, Medicaid, Private and Commercial Insurance) as collateral for simple & ready to use cash flow.
Medcare Solutions specializes in medical receivables funding for growing practices that do not have access to traditional financing sources. Working with us you gain a financial partner who understands your needs and is vested in your success. Healthcare factoring is not a loan, and is often referred to as ‘off balance sheet’ financing. You simply sell your invoices to a lender and receive up to 80% advance. The balance is returned less fees as the receivables are collected.