When Does a Healthcare Provider Need MAR Funding?

Since the introduction of electronic billing capabilities, medical practitioners have seen their cash flow improve significantly. However, in many cases, the improvement has just moved the problem from horrid to bad.

Electronic billing works well if all the entries are correct and additional medical information is not required by the carrier. Given any of these two events, reimbursements once again become protracted. What is the indication then, which alerts the medical provider to seek MAR funding? The most common symptoms are the following:

1. Struggling to make payroll
2. Being forced to delay payments to vendors
3. Using a personal credit card for business expenses
4. Feverishly opening envelopes to find checks for working capital

Experiencing any of these symptoms is a sure indication that your cash flow is not what it could be. MAR funding gives predictable, steady cash flow and is the only form of finance that grows and coincides with your billing cycle. So, if you see approximately that same number of patients in a day, you can almost guarantee your cash flow for that day with the use of MAR funding.

Universal Health Care Is Possible -- With No Premiums or Deductibles

Universal Health Care Is Possible -- With No Premiums or Deductibles

Imagine a proposal for health care reform that guarantees free, high-quality health care for all Americans. No premiums. No deductibles. In this plan, the government insists that all insurers offer the same comprehensive benefits to everyone, including: office and home visits, hospitalization, preventive screening tests, prescription drugs, some dental care, inpatient and outpatient mental health care, and physical and occupational therapy.

If this sounds too fantastic to be true, you need to read Healthcare, Guaranteed: A Simple, Secure Solution for America by Dr. Ezekiel Emanuel. He offers a bold, refreshing plan for health care in America. The beauty of his proposal is four-fold: It faces up to the fact that reform won't pay for itself, and it offers a funding mechanism that is fair and efficient and could deliver high-quality care nationwide. It regulates insurers, forcing them to concentrate on quality. Finally, and perhaps most importantly, this plan insulates our health care system from the lobbyists who, today, have far too much control over our health care system.

A HEALTHY BALANCE SHEET

Jeff Lutz, in the July 23, 2008 issue of H&HN magazine, discusses the Detroit healthcare market in a lousy economy. He discusses several lessons for healthcare from the events that are occuring in his hometown market due to the bad economy.

He does, however, strike an optimistic note at the end when he notes "...those with strong balance sheets are picking up market share and investing in physicians, services and technologies for the future."

Once again, it seems that the mantra for success in the healthcare business, whether in good times or bad, is having a healthy balance sheet. The best prescription for being healthy is to effectively use all the tools available and find the best combination that works for the provider's specific situation. One of those tools should be Medical Accounts Receivable {MAR} funding. It is a debt-free method to fund working capital and accelerate your cash flow. The flexiblity of a Sun Capital HealthCare MAR Funding program allows you to determine the dosage that works best for you when in combination with the other financing options you have.

A healthy balance sheet gives the healthcare executive the maximum flexibility for finding growth and profitability. And the Sun Capital MAR funding program can be customized to your specific needs.