Receivables Financing for the Healthcare Industry
AcceleFunding offers finance solutions specifically for healthcare providers. Our clients are able to accelerate cash flow and alleviate fiscal stress, take advantage of cost savings from vendors, and realize healthier balance sheets through our customized program. Our clients are able to respond quickly to market opportunities, without the delay caused by cumbersome credit applications.
Our claims factoring program is a sale and purchase agreement that utilizes your accounts receivable, a non-performing asset, to transform your cash flow into a solution for generating working capital rather than an obstacle to growth and profitability. This is not a debt obligation or equity participation. After your initial setup, there is no lengthy re-application process and there is no waiting period, as is often the case with costly and restrictive bank loans and credit lines. We can give you the infusion of working capital necessary for growth and success. In effect, we can become a funding partner that understands your business, and we can be flexible enough to work with you to help you move forward.
We are experienced in dealing with HIPAA regulatory requirements, we understand the valuation and contractual issues associated with third party payors, and we are dedicated solely to healthcare funding. We know the healthcare business, and are committed to helping develop the most cost-effective program for your organization. Whatever your healthcare niche or working capital requirements, our Accounts Receivable Finance program can be customized to meet your needs.
How it works
Our approach is to purchase your third party claims [your A/R] and advance you cash within 24-48 hours of submission. With the flexibility of our program you can: meet payroll, upgrade technology or add staff; finance a new service or product line; expand marketing programs to generate new business; improve facilities or train staff to increase productivity; reduce costs through operational improvements; accelerate capital programs to improve ROIs.
AcceleFunding can help relieve the financial strain caused by fluctuating cash flow cycles.
When assisting clients facing financial crises or reorganization, our solution can help “keep the doors open and the lights on,” helping them maintain services to patients during this critical time. Because you are always in control, you receive funding on receivables only when you decide to submit them - which enables you to be virtually debt-free within 48 hours. We work with you to customize a solution for your business, one that effectively works with your other financial tools to meet your fiscal requirements - whether they are short-term cash flow needs or long-term capital programs.
Who is Eligible
In general, any healthcare provider being paid by medical insurance companies, Medicare or Medicaid that has been in business at least six months and is billing at least $50,000 per month is eligible. Some specific provider types we have helped with include:
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