Medical Factoring Benefits
slow-paying insurance.
Medical receivable factoring is your way to receive immediate cash for your billings to third-party payors (i.e. commercial insurance, HMO's, Blue Cross/Blue
Shield, Medicare and Medicaid). Your billings to third party payors are purchased
by factoring, and they wait for payment from third party payors.
Benefit from a debt-free solution to getting paid on slow paying insurance.
Medical factoring is a quick, debt-free way to improve cash flow.
You have fewer outstanding bills that you have to collect on.
You get paid immediately for services rendered so you don't have to wait 60-90-120 days to get paid on claims from third party payors.
You improve the consistency of your available cash the insurance industry is inconsistent and slow with their payments.
You increase the overall percentage of billings that you collect on.
You reduce your administrative costs by benefiting from the economy-of-scale that results from sharing overhead with many other providers.
Allows you to pay your expenses on time and to grow your services, staff, and facilities.
Health care businesses that benefit from factoring
| General practitioners | Specialists such as surgeons, anesthesiologists, optometrists, Podiatrists, chiropractors and many more |
| Associated medical groups | Independent physician associations |
| Acute care hospitals | Outpatient facilities and clinics |
| Day surgery centers | Rehab clinics |
| Medical labs | Substance abuse clinics |
| Medical staffing, nurse staffing ( Registry ) | home health care providers and facilities |
| Physical therapy groups and clinics | Dialysis facilities |
| Specialty hospitals | MRI centers, other diagnostic centers |
| Pharmaceutical companies | Pharmacies |
| Medical equipment suppliers | Radiology therapy clinics |
| Occupational clinics | Medical transport companies ( Ambulance Services ) |
| ER management companies | Eye clinics |
