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HOW MEDICAL RECEIVABLES FUNDING WORKS A physician practice hears about the benefits of factoring medical receivables and is placed in contact with the appropriate funding source by one of our highly trained and experienced professionals. Some things that are considered: 1. Net collectables per month 2. Average length of time for reimbursement 3. Payors involved (Medicare, Medicaid, Insurance companies) 4. Reasons behind the need 5. The practices collection history and time-frame in which funding is required. Collections are improved through this analysis of the client's revenue cycle, building a matrix for each third party payor, and providing ongoing review of the client's billing procedures as long as the factoring agreement is in effect. The client can factor weekly for the duration of the agreement. Since the provider's collections will now depend more on generating receivables than upon the irregular third party payments, his cash flow will be smoother and more consistent. The funding source's ownership position on the provider's receivables, together with its more efficient billing and collections operations, should result in increased revenue. The doctor can now concentrate on practice growth and patient satisfaction - a good formula for business success. The physician can pay creditors on time, take advantage of early cash discounts from vendors, and improve the practice credit rating without incurring debt. The funding source may even offer additional services such as equipment leasing, delinquent debt clean up and practice management consulting, if required. FREE, No Obligation Consultation! Contact us at 214-952-5811
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