Receivables financing provides well in excess of $200 billion of improved cash flow to industries each year. It has been used for decades by multi-billion-dollar Fortune 500 companies such as IBM, Georgia Pacific, Scott Paper, Honeywell, and Shell Oil.
Now, this proven, debt-free, and flexible method of effectively multiplying your working capital is also available to medical providers.
Medical Accounts Receivable (MAR) Funding:
- Offers immediate and dependable access to unlimited working capital
- Quickly strengthens your financial statements and credit rating
- Makes it possible for you to obtain cash discounts for early payment of your suppliers (accounts payable or any other debt)
- Increases your purchasing power and provides cash for marketing, expansion, and new equipment or medical procedures
- Can enable you to meet payroll, pay your taxes on time, and eliminate the need to file bankruptcy
Widely accepted as an alternative financing source, medical accounts receivable funding is used in the healthcare industry by providers/suppliers that need immediate cash-either for growth or for survival- and may or may not qualify for traditional loans or grants.
With medical accounts receivable funding, claims for medical services can be converted into immediate cash to better manage and expand business and medical practices. Some of the more common industries that rely on medical accounts receivable funding to maintain a steady flow of cash include:
- Acute hospitals
- LTAC hospitals
- Rehab hospitals
- Specialty hospitals
- Physician groups
- Surgery centers
- Imaging centers
- Dialysis centers
- Emergency transportation providers
- Nursing homes
- Home health care
- Medical labs
- DME/HME
- Rehab centers
- Oral surgeons
- Urgent care centers
- Pharmacies
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