Wednesday, August 27, 2008

A Need for MAR Funding

"I have a wonderful opportunity to provide additional services (or products) for my patients, but I have no financial ability to fund the build-out needed to accomplish that task." If you have said that, or even thought it, you have a major symptom indicating a need for MAR funding.

The way for any medical provider to increase profitability is to provide services or products for his/her patients that previously were outsourced or referred out. Not many medical providers realize that they have a cash bucket available for such expansion. The laziest asset any business has is its accounts receivable.

Medical providers, depending on their practice-type and size can have as much as a million dollars (or more) in medical claims awaiting payment at any given time. What a great source for financing expansion or growth. MAR funding will give the provider the financial tool needed for such expansion and will not eliminate or reduce his/her cash flow.

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