Medical Factoring/Financing
Medical receivables factoring provides two different avenues of factoring, one for businesses like staffing companies, manufactures, etc. and the other is for 3rd-party medical billing claims without waiting for insurance companies, HMO's and Medicare/Medicaid. Factoring for staffing, manufacturing fields can go as high as 97% where 3rd-party insurance companies, HMOs and Medicare/Medicaid goes from 75% to 85%.
|
|
|
Where medical staffing and medical manufacturing area is very easy to factor, the Insurance Companies, HMOs and Medicare/Medicaid are a totally different animal. Factoring starts at $100,000 and the reserves are normally around 15 to 25% which means we are factoring from 75% to 85% of the invoices you want factored. Main reason is because Insurance Companies, HMOs and Medicare/Medicaid all have different scales that you get paid on. Once invoice is paid by your client, the remaining of your hold account is paid minus factoring fees.
|
Medical Factoring Quote
Approved in 24 to 48 hours.
We realize the importance of turn time
and cash flow in running your business.