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Medical Receivable
Factoring - Freedom to move
Medical receivable factoring is
the selling of your receivables for cash now rather than waiting 30-90 days or
more for insurance companies to pay you. The main advantage is simple: Available
cash on a regular basis.
Receivable factoring provides the freedom
to: - Improve profitability
- Maintain a good credit standing
- Take
advantage of discounts for purchases
- Avoid interest and penalties
- Fund
expansion and growth plans
- Spend more time specializing
Remember your
potential increase in net profits that factoring can provide. A small fee is typically
charged for these types on transactions based on the face value of the invoice.
The factor prefers a 30 day collection period.
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