BY PRN FUNDING

MEDICAL FACTORING BASICS

The Basics

Is medical factoring right for your healthcare company? Here are a few basic facts to help you determine if medical factoring is the business funding option you’ve been looking for.

When you decide to use invoice factoring to fund your medical business, you aren’t getting a loan. The cash you receive derives straight from your outstanding invoices. A factor purchases those invoices and advances you the cash. There aren’t constraints on how you’re allowed to use your money or limitations on how much cash you get. Plus, there is no debt to repay.

Medical Factoring isn’t a Loan

One great thing about medical factoring is its capability to span across the healthcare industry. We work with medical transcription services, medical supply companies, medical equipment providers, temporary nurse staffing agencies, medical staffing agencies, outsourced medical coding companies and many, many more. Big or small, growing or struggling, medical factoring gives you cash without constraints.

Medical Factoring Works for Many Types of Healthcare Businesses

Unlike other business funding methods, the medical factoring process is fast and easy. Once your company has been approved, choose which invoices you wish to factor and submit them to PRN Funding. PRN Funding will advance you the majority of the value in as little as 24 hours. We hold a small percentage in reserve until your customer pays. Once paid, we return the remainder of the invoice back to your healthcare company, minus a small factoring fee for our services.

The Medical Factoring Process is Simple

Are you a medical provider who bills third-party vendors including Medicare, Medicaid, commercial insurers and HMOs? PRN Funding can help you obtain funding through medical receivables factoring. Medical receivables factoring offers cash flow solutions for hospitals, physicians, home healthcare companies, nursing homes, physical therapy companies, durable medical equipment providers and more.

Medical Receivables Factoring

If your company is ready to rebuild its finances with medical factoring, then contact PRN Funding today. Give us a call at 216-504-1000 and visit us at http://www.prnfunding.com/.

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