Medical Factoring
Specialized invoice factoring for businesses in the healthcare industry.
Medical Factoring with Invoice Advance can get your insurance claims paid in as little as 24 hoursAre you billing insurance providers, HMO's, Medicare or Medicaid? Is waiting 60, 90 days or more for payment from these 3rd parties causing problems? Have you ever had to turn down business because you didn't have the resources, or maybe you needed working capital to hire additional personal?
If so, we can help. We are committed to facilitating medical factoring to companies which provide products and services to the healthcare industry. Medical factoring can get your insurance claims paid in as little as 24 hours, providing your business with the capital needed to meet payroll, salaries, pay suppliers and cover other expenses, and in turn your business will grow and more importantly so will your profits.
The Factoring Cycle:
You sell a product, and or a service to your client.
Step 2:
You invoice your client, and submit a copy of the invoice(s) to Factor.
Step 3:
Factor then verifies the authenticity of the invoice(s) submitted.
Step 4:
Once verified, Factor will fund 70 – 90% of invoice(s) face value.
Step 5:
Factor will now wait on payment of invoice(s) from your client.
Step 6:
Once paid, the Factor pays you the remaining 10-30% (less service fees).
Step 7:
That's all she wrote; repeat "The Factoring Cycle" as often as needed.