Medical Receivables are payments owed to health care providers by insurance companies, Medicare, or Medicaid.
How Are Medical Receivables Created?
Medical Receivables are created when a health care provider renders service or to a patient and is waiting for reimbursement from an insurance company, HMO, PPO, or government source.
REDUCE the inconsistent cash flow created by the insurance industry?
DECREASE the reimbursement interval from 80 days to 48 hrs?
INCREASE the overall percentage of claims that you collect on?
Benefits of Medical/Account Receivables Factoring:
•Provides a flow of cash for your business to meet additional costs.
•Enables an easier solution to collect monies for services rendered rather than writing them off or sending them to collections.
•NO DEBT is created which can affect your credit lines at banks.
•No property or asset liens.
Medical Receivable Funding reduces the inconsistent cash flow created by the insurance industry and other third-party payers and provides you with operating capital much sooner than waiting for insurance payments. This allows you working capital sooner and puts no debt on your books! Note: Typically, this does NOT include payments owed to health care providers by patients.
Physicians and Hospitals around the country are finding out that this is the preferred way to stabilize cash flow and receive access to unlimited working capital. This allows you to reduce income that is written off or sent to collections.
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