Medical Factoring for Small Medical Offices

As received commercial lines of credit and business loans will be harder to qualify for that are many medium and small medical practices and health care, turning to medical factoring to alleviate their slow cash flow.

Although many practices are still qualify for a business loan or line of credit to many people in the process that the traditional banking products do not always solve their cash-flow problems in the long term. Why? Well, traditional businessLoans must be within a few years and lines of credit must be paid fixed ceilings. Basically, neither product is very flexible, and both are hard to come by if you have a medium-sized medical practice.

Medical factoring is an attractive financing alternative. It provides you with the financing, which is attached for your insurance claims. If you have a larger file claims in this month than last month, you will be funded accordingly. It provides you with predictable cash flow,ensure that you are able to cover their office expenses. You have to pay rent to predict money to meet payroll and investments in growth.

And is suitable for medical factoring for small medical practices. Although most factoring companies have minimum are many finance an office that billing as little as $ 50,000 (net) per month.

Medical Factoring works as follows:

1. Send your insurance and Medicare / Medicaid claims as usual. Send a copy to theFactoring company

2. The factoring company advances you 70% to 85% of the net-collectibles (not the advanced part is working as a reserve to cover disputes / etc.). You can use this money as you want

3. Once the medical factoring company is paid, the transaction is processed.

Setting up a factoring account may take a few weeks, especially because the medical factoring companies need to exercise due diligence and audits. However, once the account is seton is how to finance continuous. Typically you can fund your claims within 24 hours after their transmission to the factoring company.

If your small medical practice, slow cash flow, but has good growth prospects, then the factoring, can you finance your growth.

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