HFMA ANI Conference in Las Vegas June 22 - 27th

The Healthcare Financial Management Association (HFMA) held its Annual National Institute/Conference in Las Vegas, NV from June 22nd through June 27th. As always, the focus of the event was to provide educational opportunities for healthcare financial professionals to help them understand the ever-changing financial environment they deal with on a day-to-day basis.

This year, there was much discussion regarding the financial difficulties many healthcare providers are dealing with due to the decrease in liquidity. While still faced with increasing costs and decreasing payments, it is not unusual for healthcare providers to be operating with a negative net income. The lack of liquidity only compounds the problem by making it more difficult and expensive to obtain traditional financing such as loans. Therefore, there was strong interest among healthcare providers to discuss alternative sources of financing such as Accounts Receivable Financing.

As an exhibitor at the HFMA ANI, Sun Capital HealthCare, Inc. had the opportunity to discuss its Medical Accounts Receivable (MAR) Funding solution with a large number of attendees at the conference. It was a surprise to many attendees that they can obtain this alternative source of financing without adding debt to their balance sheet. Many attendees commented this could be an important source of financing during this period of low liquidity.