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  • Average monthly sales or amount of billing/invoice to factor

Factoring for Medical Billing Companies

Invoice factoring speeds up payments from insurance companies, medicare, medicaid and other third party healthcare billing payers.

  • Receive payment on medical billings within days – or even hours – instead of weeks (or months!)
  • Speed up cash flow to meet the demands of payroll and operational expenses
  • Expand services more quickly, hire more medical staff and increase billings
  • Small accounts welcome!

Slow cash flow can limit your ability to perform medical services, hire more medical professionals, meet payroll and keep up with operating expenses. Stop chasing patient billings sent to insurance companies, medicare, medicaid and other third party medical billing services and stay focused on what’s most important. Factoring for healthcare receivables such as:

  • Medical billing companies
  • Medical coding and transcription services
  • Home and private care and private practices
  • Medical staffing, nurse staffing and temp employment agencies
  • Medical equipment and supply companies

Factoring for Medical Billing Companies – Fast, Secure and EASY!

1. APPLY

Get pre-approved to factor medical bills or other healthcare receivables.

2. FACTOR

Request funding for medical billings as soon as the first day they are generated.

3. GET FUNDING

Receive payment for factored medical bills within 1-2 business days (or even faster).

Medical Billing Factoring Calculator

Use the factoring calculator below to discover how much working capital medical billing companies can unlock immediately instead of waiting weeks – or months – on payments from insurance companies, medicare, medicaid and other third party healthcare payment platforms.

How Does Factoring for Medical Billing Companies Work?

Hospitals, healthcare providers, private practices, medical coding and transcription companies and similar organizations involved in medical billings can speed up cash flow by factoring payments owed to them from third parties instead of waiting months to get paid.

Medical billings and patient billing statements can be factored as soon as they are created. We can fund these payments within 0-2 business days – with low fees, high advances and low – or even no – holdbacks (or factoring reserves).

For instance, if your medical billing company generates a patient bill for $1200, and you want to access this working capital without waiting months to get paid, assuming a factoring fee of 5%, and an advance rate of 95%, here’s how it would work:

Day 1 – Factor a $1,200 earnings statement
 – 0-2 Business Days Get access to 95% advance of $1,140 by wire transfer or ACH
Factoring company earns 5% factoring fee of $60
Day 30 – 60 – 90+ Factoring company receives payment from the 3rd party

Request more information about factoring for medical billing companies:

  • Average monthly sales or amount of billing/invoice to factor

Get More Information about Factoring for Medical Billing Companies

Contact us at 855-882-6772 or fill out our online application.

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.