Medical Factoring

Are you billing insurance providers, HMO’s or Medicare/Medicaid? Can’t afford to wait 60 days to get your claims paid? Medical factoring can help.

Managing their cash flow can be one of the biggest challenges that healthcare providers and medical office managers face in today’s tough environment. Because of the payment terms provided by medicare and insurance carriers, doctors and the healthcare industry in general (e.g. hospitals, healthcare professionals, therapists, medical supply companies, MRI centers, etc.) need to wait 60, 90 or even 120 days before they get paid for rendered services.

Medical receivables factoring provides you with an advance payment based on your billings. This eliminates the cash flow challenges that are created by slow paying insurance companies and enables you to meet on going obligations, such as rent and payroll. It also allows you to invest in your business and grow it.

Want an instant factoring quote? Please click here to get an online quote now! Questions? Call (877) 300 3258 now (toll free US / Canada). We provide services in the USA and in Canada.

Medical factoring works as follows:

Your business bills insurance companies and sends copies of the claims to the factoring company (this process may vary depending on size)
The factor advances you up to 85% of expected net billings (15% is kept as a reserve)
The factor waits to get paid by the insurance carrier/Medicare
Once payments are collected, the remaining 15% is rebated (less a service fee)

This process accelerates your cash flow and eliminates having to wait to get paid for rendered services. With medical factoring you get the peace of mind of knowing when your claims will be paid.

Benefits of medical factoring financing:

Medical factoring provides your business or medical practice with predictable cash flow. You will no longer have to guess when your insurance claims will be paid
Your medical receivables factoring line has no set maximums and is tied to your sales/claims. Your financing grows as your business or medical practice grows
Medical factoring financing lines can be set quickly

Would you like to learn more about medical factoring? You can get additional information at our Medical Factoring Resource Center or by calling us at (877) 300 3258 .

Some additional resources:


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Last change 1/30/2008