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Medical Accounts Receivables Financing
As health care
providers, you typically wait in excess of 90 days to receive
payment from Medicaid, Medicare, Commercial Insurance,
Private Insurance, HMO/PPO, Managed Care and Hospitals.
Considering that more than 70% of your income is received from third party pay,
waiting longer than a 30-day period negatively
affects your cash flow. This lack of
cash flow can force you out of
business, severely impact your focus on patient care and
maintain employee morale and satisfaction.
Cash Flow Network® and its
medical receivables funding affiliates fully understand your
business. You now
have the option of selling your medical account receivables and
getting cash for them.
Benefit:
The sale of receivables provides "off balance
sheet" funding. Cash replaces accounts receivables
which are normally valued by traditional financial
institutions at much less than their true worth. The
sale of receivables, unlike a loan, causes no additional
debt to your balance sheet.
Security: Our
medical receivables network's primary affiliate keeps all
applications, transactions and your client base in the
strictest confidence.
Customization: We
listen to your business difficulties, needs and requirements
and will not force you into a pre-packaged program.
Where possible, we will create a program to meet your
specific cash and servicing needs.
Transaction Size:
Typically $30,000 to $2,000,000 in Net Monthly Billings.
Advance Rates: 80% of Net
Collections (could be more on case-by-case basis).
Term: 1 Year Commitment
Pricing:
A flat discount rate, with a one-time 2% origination fee on
the first funding. NO application fee. No
due-diligence fee.
Parameters: Must have clear title to
Accounts Receivable. Requires a personal guarantee.
Geographic
Area: Nationwide
Types of Clients: Physicians,
Group Practices, Durable Medical Equipment Companies,
Long-Term Care Facilities, MRI Centers, Surgery Centers,
Hospitals, Home Infusion Providers, EMS/Ambulance Companies,
and any other Medical Provider with traditional third party
insurance claims.
Disqualifying
Clients: Currently, we do not fund chiropractors
or dentists.
Special
Collection & Recovery Programs --
Click here
for exciting details!
By funding your medical
receivables, you will have money needed to meet financial
commitments, expand and/or acquire other health care
companies, etc. Most importantly, we give your single largest asset -- medical account receivables --
the power to work for you.
Why
Choose Cash Flow Network® Processing
Time Submission
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