Are you waiting up to 90 days to get paid by insurance companies?   Eliminate the wait and get the cash you need up front with our Medical Invoice Factoring Program.

The current recession coupled with cuts in Medicare reimbursements have put many health care providers in a cash flow squeeze. The problem is compounded even further when third-party payers don't pay their bills for 30, 60, or even 90 days and beyond. That's why our medical invoice factoring programs should be an important part of your financial strategy in 2009.

Benefits from Medical Invoice Factoring:

• Immediately stabilize your cash flow position
• Receive high advance rates on your receivables
• Fee rates starting as low as 2.0% per month (depending on volume)
• Stay current on rent, payroll and other monthly expenses
• No monthly debt service because it is not a loan
• Off balance sheet transaction, so you can receive other financing concurrently
• No personal guarantees required
• Funding is only limited to your pool of receivables

Who Qualifies for the program?

Hospitals

Skilled Nursing Facilities

Long Term Care Providers

DME Companies

MRI Centers

Rehab facilities

Home Health Companies

Medical Staffing Agencies

Substance Abuse Centers

Psychiatric Facilities

Physician Groups

Specialty Hospitals

Imaging Centers

Kidney Dialysis Centers

How the Medical Funding process works:

1. Fill out the application and supply the required documentation.

2. We review the application and submit a letter of intent, which spells out the general terms of the agreement

3. If you agree to the terms of the LOI, a due diligence review is conducted. The review is necessary to establish the net collectible value of your accounts receivable, which determines the base amount of advances. Unlike other companies, we only charge you for the cost of the review (travel and other out of pocket expenses) There have been many cases in which the discovery of billing irregularities have more than paid for the cost of the due diligence audit.

4. Formal contract is executed and funding can begin immediately

5. Funds are wired into your account as often as you need them.

Funding Parameters:

Minimum $40,000 per month in net collectible receivables

Maximum $1,000,000 per month in net collectible receivables

Click for a free quote or call today at 417-849-7394.

Click here to read an OCF article on medical invoice factoring