Factoring speeds up cash flow for medical billing companies who usually wait weeks – or months – on payments from insurance companies, medicare, medicaid and other third party medical bill payers.
- No minimums or maximums
- Factor only when you choose
- Spot factoring and microfactoring
- Factoring with low and no hold-backs
- Fast approvals and funding
Medical billing companies, medical coding and transcription companies and other organizations which generate healthcare receivables often wait anywhere from 60 to as many as 90 days (or even longer) to receive payment.
For many, time spent waiting creates payroll challenges and lack of working capital needed to meet other operating expenses, as well as lost opportunities to grow, while they wait to receive payments for medical bills submitted to insurance companies, medicare, medicaid and other responsible third parties.
Medical companies can factor medical bills or statements on the same day they are generated, and receive payment within 24-48 hours (or even faster), instead of 60 – 90 days later when third party payers have finally completed processing and approving payments.
Small healthcare receivables financing accounts and small medical bills welcome! Get advance of up to 95% of the medical billing or statement within 0-2 business days (instead of 2-3 months!) – or even higher for larger accounts.