As reported in the May 27, 2008 issue of H&HN magazine, healthcare CFO's are strategic partners in determining how organizations can best invest in medical technology. The credit crunch has hit the auction rate bond market hard, driving up the costs of financing and "...requiring CFO's and treasurers to quickly identify alternative sources of credit....organizations that did not establish diversified debt structures are now paying the price."
MAR [Medical Accounts Receivable] funding is a tool that CFO's are turning to as an alternative source of funding. Since it is debt free, using a/r funding can make your balance sheet healthier, thereby protecting your bond rating. Furthermore, by funding capital programs at today's dollars by using a non-performing asset, the CFO can achieve improved cash flow and future capital availability.
Sun Capital HealthCare, Inc.'s flexible MAR funding program is an effective tool for financing medical technology to both meet the EMR requirements as well as to improve operational efficiencies.
No comments:
Post a Comment