Business Financing Programs
MEDICAL INVOICE AND INSURANCE FINANCING
What is Medical Invoice and Insurance Factoring?
Factoring is a way where companies can receive funds for the work that they have done by selling their invoices to funding companies. Usually, the funding companies will forward a large percentage (90%+) of the funds and then collect the funds from the customer. Upon payment, depending on how long it took to secure the funds from the client drives how much of the remaining percentage is paid to the business owner.
*it is important to note that factoring companies require to be in a 1st position.
Similar to invoice factoring, or invoice financing, medical invoice financing aims at solving the issue where professionals in the medical industry (e.g., doctors, practices, home health care facilities, senior care facilities) may have a lag in receiving their payments from insurance claims.
We will receive a same-day approval, and fund up to 80% of your average 6 months of income from insurance companies each month. This assures your cash flow and rates are usually 5% and lower.