Stop waiting weeks – or months on payments from insurance companies. Take advantage of our factoring services to unlock the money that is tied up in unpaid insurance claims within hours of billing. In addition to competitive rates, when you choose Corsa Finance:
- No monthly or dollar amount minimums or maximums
- Factor only when you choose
- Spot factoring and microfactoring
- Factoring with low and usually no hold-backs
- Fast approvals and funding
Waiting for insurance companies to pay health care claims can take weeks or even months, creating a revenue gap that can negatively impact your ability to meet payroll, pay your taxes on time or may leave you unable to pay for other expenses in a timely manner.
Conversely, by factoring insurance receivables you can speed up cash flow and improve your ability to budget and plan. Factoring can even help your business save money, by generating the working capital you need to take advantage of supplier fast-pay discounts.
If your agency is able to directly bill insurance companies, medicare or medicaid, you may be able to factor these claims. Instead of waiting for insurers to wade through all of the verifications, approvals and red tape, you’ll realize payment of up to 95 percent of the billing amount within 24-48 hours (or even faster).
Small dollar amounts welcome! We provide funding for smaller dollar amount receivables that many factoring companies won’t consider, but we are also able to factor large billings. Apply online or give us a quick call to find out more.