In the healthcare industry, it is not uncommon for claim reimbursements to take 60-90 days or more, causing severe cash flow problems for your business. But there is a solution: Medical Receivables Financing.
Specifically developed for healthcare providers, it focuses on the invoices to your 3rd-party payors (commercial insurors, HMOs, PPOs, and government sources such as Medicare and Medicaid) and on their ability to pay, not your financial strength.
Unlike traditional bank financing, this method of "off balance sheet" financing dramatically increases cash flow velocity and reduces working capital requirements without degrading the balance sheet. It also can be coupled with the additional services of accounts receivable management, billings and collections.
The Benefits are Clear!
The benefits of this solution are immediately clear: medical receivables financing raises capital without incurring additional debt, and quickly makes available the capital tied up in your invoices for your immediate needs. This dependable cash flow makes for more effective and accurate managing and planning of your operation. The proceeds can be used for what you deem necessary – capital equipment expenditures, expansion costs, restructuring of debt - or just the peace of mind of knowing that all your current expenses can be paid on time.
Business Capital Connections works with funding sources that specialize in medical receivables financing. We have carefully screened them for experience and reputation and are confident of their expertise to meet our clients' needs.
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