Medical Accounts Receivable Factoring can be a vital financing source for medical professionals who need anywhere from $50k to $10 Million in financing.
Medical practices, surgical centers, dialysis facilities or any medical business which serves patients likely bills insurance companies and/or Medicare/Medicaid.
As anyone in the industry knows, third party medical payors may pay reliably, but they also pay SLOWLY.
While some industries have become accustomed to their receivables taking 60 days to pay, medical practices often need to wait 120 days or more.
That slow payment can result in medical accounts receivable balancing growing over time. Consequently, your cash is tied up in these receivables, making it a challenge to grow your practice. In some cases, this may even make it hard to make payroll in some weeks.
With Medical Accounts Receivable Factoring, you can obtain cash against your accounts receivable so that you’ll have access to the funds you need to run your practice efficiently.
While most traditional accounts receivable financing companies avoid the medical industry due to the unique nature of third party medical accounts receivable, Blue Barn Funding can help you get the funding your medical practice needs.
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Find more tips for managing your practice from the AMA